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Govt inefficiencies, corruption killing investment projects

Govt inefficiencies, corruption killing investment projects
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Zera opens fuel import licence applications  - Zimbabwe Situation

Zera opens fuel import licence applications  THE Zimbabwe Energy Regulatory Authority (Zera) is now accepting applications for fuel importation licences for 2021, outlawing 2019 fuel procurement licences that were still in use. In a statement, Zera chief executive Edington Mazambani said all petroleum firms have up to April 30 to apply for the 2021 fuel procurement licences. Zimbabwe imports 100 percent of its petroleum fuel requirements through pipeline, rail and road. “We do hereby notify the petroleum industry that we are now accepting applications for the procurement (fuel importation) licences for 2021. The licence fee is USD24 360 “Please be advised that since the 2019 procurement licence was also valid in 2020, all procurement companies who used such licences to procure fuel in 2020 are required to pay $2 million (VAT) inclusive by 31 October this year.”

Deadlock over oil licences | The Standard

Deadlock over oil licences BY FIDELITY MHLANGA A rift has emerged between indigenous fuel companies and the Zimbabwe Energy Regulatory Authority (Zera) over oil importation licence fees, minutes of meetings involving the entities obtained by Standardbusiness have revealed. To be granted authority to operate, oil companies are required to pay retail and fuel importation licence fees, in addition to meeting several conditions. Zera last year announced a new licensing regime that included production of proof that potential licence holders have previously imported at least 10 million litres, much to the chagrin of indigenous players. They are also required to have at least 15 refuelling stations.

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