This week's issues
| Malawi borrows US$50 million from PTA Bank to settle fuel bills |
 |
| Written by David |
| Wednesday, 18 November 2009 07:24 |
 Malawi has borrowed almost MK7.2billion (US$50million) from the Preferential Trade Area (PTA) Bank, a regional trade and finance bank, to settle its fuel import bills.Finance Minister Ken Kandodo confirmed that government would this week receive the loan from the bank to pay for fuel arrears through the Petroleum Importers Limited (PIL). “With this loan, the country’s fuel shortage will come to an end since the loan will help with the settlement of the dues the country had with the manufacturers,” he said. Malawi has been experiencing fuel shortages, mainly diesel, at its fuel pump stations nationwide. APA |
Weather from Harare - Mostly Cloudy
24°C
Wind: 16 kph E
Humidity: 61%
Sunrise: 5:58 am
Sunset: 6:10 pm
Mon - Showers
Hi: 27°C
Low: 18°C
Low: 18°C
Tue - Scattered Thunderstorms
Hi: 27°C
Low: 18°C
Low: 18°C
Register for YourZim... To be able to submit your own news stories, comment on articles, discuss in the forum and meet new friends on The Zimbabwean website!
Stories, comments & suggestions...If you have a news story you would like us to cover, would like to give feed back, or have any questions about The Zimbabwean then please email the editor.
Want to stand out...Why not consider advertising with The Zimbabwean, for more information please see here or email:.