OIL KEEPS FLOWING INTO ZIMBABWE DESPITE ECONOMIC AND POLITICAL CHAOS
July 1st, 2008
BY BILL CORCORAN
WITH a crippled economy, inflation running at over 2.2 million per cent and a government partial to confiscating the assets and local operations of foreign companies when it sees fit, doing business in Zimbabwe is undoubtedly a risky undertaking.
Nevertheless, there is money to be made if a company can circumnavigate the many pitfalls because the Southern African country imports all of its fuel requirements from neighbouring countries like South Africa and Mozambique, as it has no local crude oil production or refining capacity.
In its latest ...
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