Search
  1. Home
  2. Southern Africa
  3. Zimbabwe

Directors resign from NOCZIM

    JOHANNESBURG

    The entire board of directors has resigned from the beleaguered state-owned National Oil Company of Zimbabwe (NOCZIM) because of alleged government interference in its operations, DPA reported. A statement on Thursday from the directors of NOCZIM said they were unable to do their jobs efficiently. Zimbabwe has been suffering from a shortage of petrol and diesel for more than a year because foreign currency reserves have run out. Motorists sometimes have to wait for more than 24 hours to get fuel. In the past week the situation has worsened and most fuel stations throughout the country have no supplies, DPA said. Short-term contracts have been arranged by a local bank, mostly through Libya, but these have usually been cancelled by the suppliers because of nonpayment. The latest contract for US $75 million from ABSA Bank of South Africa was aborted at the end of last week for the same reason.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join