Discover and read the best of Twitter Threads about #noczimdebtredemptionfund

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#NOCZIMDebtRedemptionLevy Thread 🔥🔥🔥
i. HOW long shall this be paid?
ii. WHO is being paid WHAT amount?

1/ Indicated in the fuel price build up is a level of 1.3 cents USD & 5.7 cents USD per litre for diesel&petrol, respectively.

Accountability based on s68 of the Const Image
2/ The 1999 #NOCZIM corruption scandal led the Gvt to pass on its debts to the people of Zimbabwe by way of a #NOCZIMDebtRedemptionLevy introduced in 2003.

@zeraenergy @ZimTreasury @ZimFact @newswireZW @zimlive @kukurigoZW @HeraldZimbabwe @SundayMailZim Image
3/ Finance Act: "The Noczim debt redemption levy was introduced by the Finance Act in 2003 to assist the company amortise its accumulated foreign debt that it has battled to settle despite previously enjoying monopoly over fuel trade."
Read 13 tweets
🔥 #PetroleumSectorInZimbabwe #PetroleumBusinessInZimbabwe #FuelBusinessInZimbabwe

1/ There has been acute fuel shortages in ZW for period up to 2008 & from 2016 to date.

What are the public policies in operation that have either caused the shortages or have not ended them?
2/ What you will find in this thread is either meant to be informative or provoke discussions.

Its a citizen contribution to the conversations on a matter of public interest: FUEL SHORTAGE.
3/ #Petroleum - rock oil, oily inflammable substance occurring naturally in certain rock beds." This is from Medieval Latin petroleum, from Latin petra ("rock") + oleum ("oil").

"Petroleum" word was first used in 1556 by the German mineralogist Georg Bauer (Georgius Agricola).
Read 80 tweets

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