12 °c
London
Friday, June 9, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Zimbabwe signs US$1.3B fuel pipeline deal with British firm

Staff by Staff
August 16, 2021
in Africa, Construction, Fuel, Gas, Infrastructure, Oil, Pipeline, Zimbabwe
Reading Time: 1 min read
912 19
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Zimbabwe has signed a $1.3 billion (R19 billion) joint venture agreement with British-based Coven Energy to develop a fuel pipeline from the Mozambican port city of Beira to the capital city Harare, the minister of information said on Wednesday.

Monica Mutsvangwa said the pipeline would compliment the existing one that also links Harare and Beira and make landlocked Zimbabwe a fuel hub for the southern Africa region.

“The pipeline will be built over four years at an estimated cost of $1.3 billion. The partnership will be for a period of 30 years,” Mutsvangwa said during a post-Cabinet briefing.

Unlisted Coven Energy will form a 50-50 joint venture company with state-owned National Oil and Infrastructure Company, Mutsvangwa said.

Zimbabwe has struggled with acute shortages of fuel due to perennial shortages of foreign exchange but supplies have improved in recent months after the government allowed companies to sell the commodity in U.S. dollars.

Also read: UK firm tables US$850M fuel pipeline for Zimbabwe

Related

Via: News 24
Tags: constructionCoven EnergyCrude Oil PipelineEnergyfuelInfrastructurepipelinezimbabweZimbabwe signs US$1.3B fuel pipeline deal with British firmзимбабвеزيمبابويジンバブエ津巴布韦
ScanSendShare372Tweet233Share65Pin84Send
Staff

Staff

Related Posts

Trade

China-Africa trade expo to be held in China’s Changsha

by 360 Mozambique
June 9, 2023
Nigeria needs currency reform for US$1.5B World Bank loan, country director says
Economy

World Bank sees Kenya economy up 5% this year

by FurtherAfrica
June 8, 2023
Economy

IMF concludes 2023 article IV consultation with South Africa

by Rafael Carvalho
June 8, 2023
Energy

Savannah energy’s Nigeria arm inks gas supply deal for local market

by Energy Capital & Power
June 8, 2023
Diplomacy

African heads of state pushing Russia and Ukraine to end war

by Taarifa Rwanda
June 8, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Trade

China-Africa trade expo to be held in China’s Changsha

by 360 Mozambique
June 9, 2023
0

Representatives from 50 African countries and eight international organizations have registered to attend the third China-Africa Economic and Trade Expo,...

Read more
Nigeria needs currency reform for US$1.5B World Bank loan, country director says

World Bank sees Kenya economy up 5% this year

June 8, 2023

IMF concludes 2023 article IV consultation with South Africa

June 8, 2023

Savannah energy’s Nigeria arm inks gas supply deal for local market

June 8, 2023

African heads of state pushing Russia and Ukraine to end war

June 8, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,193 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?