Petrotrade

Petrotrade (Private) Limited almost lost US$8.5 million to a gang of six highly-placed suspected conmen, but after an alert manager smelt a rat, the six walked into a police trap, spent a weekend in the cells and had their bail hearing in…
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State petroleum company, Petrotrade has for the third year running declared a dividend to Government after registering an after tax profit of $3,75 million for the year ended December 2017.
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Petrotrade (Pvt) Ltd sales accounts executive Forbes Madzima appeared in court on Tuesday charged with defrauding the company of $100 000 in electricity coupons.
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HARARE - Zanu PF MP for Mbire, David Butau and his business associate are failing to settle a more than US$100 000 debt for fuel supplied to their company on credit by Petrotrade (Pvt) Ltd two years ago.
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CMED Ltd has implicated its managing director Mr Davison Mhaka in the US$3 million fuel scam and accuses him of trying to conceal incriminating evidence. Also implicated is the parastatal’s fuels manager, Mr Brian Manjengwa.
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The US$3 million CMED fuel scandal has sucked in National Oil Infrastructure Company and Petrotrade chief executive officers Messrs Wilfred Matukeni and Tanaka Sikwila amid revelations they lied that First Oil had three million litres of…
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Energy and Power Development Minister Dzikamai Mavhaire yesterday appointed board members for Zesa Holdings and its nine subsidiaries, with the new boards dominated by politicians and former ambassadors.
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The Central Mechanical Equipment Department (CMED) is almost broke, amid revelations that the parastatal entered into a $2.7 million dodgy deal with a fuel company that never delivered.
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The board and management of the Rural Electrification Agency (REA) is embroiled in a US$4 million scandal whereby they extended to themselves and other connected private citizens loans amounting to close to US$4 million, the Financial…
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