Oil Expressers Association of Zimbabwe

The Oil Expressers’ Association of Zimbabwe (OEAZ) has pledged to continue supporting domestic soya bean production to meet one million tonnes target by 2030 despite a poor start due to drought.
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Diversified agro-processor United Refineries Limited (URL) has admitted to inadequate stocks of cooking oil and laundry soap citing limited access to key raw materials due to shortage of foreign currency.
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The Oil Expressers Association of Zimbabwe (OEAZ) is lobbying the Government to remove import duty on all raw materials so as to improve production and competitiveness of local producers.
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Police were yesterday called to restore order at some of Harare’s leading retailers when desperate shoppers caused commotion after the outlets had received deliveries of cooking oil.
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The continued shortage of foreign currency is making it difficult for industries to import raw materials for use in their production processes, hampering the growth of manufacturing in Zimbabwe, experts from different sectors of the economy…
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Zimbabwe is experiencing inadequate supplies of cooking oil and price hikes because of inadequate foreign currency allocations to the oil industry by the Reserve Bank of Zimbabwe (RBZ).
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