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National Oil Infrastructure Company of Zimbabwe

Zinara/Noic officials use personal accounts for business

The Zimbabwe National Road Administration (Zinara) and National Oil Infrastructure Company of Zimbabwe (NOIC) were using personal bank accounts for employees outside Harare to administer cash transactions for their entities, thereby exposing their funds to abuse, an audit has shown.

Experts condemn Feruka Oil Refinery

MUTARE – It is not economically viable to resuscitate the Feruka Oil Refinery in Mutare which was shut down around 1966 because the plant is now aged and does not have the capacity to meet market demands of the 21st century, it has emerged.