Malawi Requires 50 Million Dollars To Import Fuel Every Month – NOCMA

National Oil Company of Malawi (NOCMA) has indicated that Malawi requires at least 50 million US Dollars to import fuel per month.

This was disclosed in the during a meeting between NOCMA and parliamentary committee on trade, industry and tourism

According to NOCMA acting CEO Helen Buluma, forex access was the main challenge coupled with signing contracts 5 months late.

Buluma also said that PIL and other small importers were equally affected and for a number of months, NOCMA had to provide 100 percent supply of fuel in the country.

Where there are financial challenges, NOCMA still imports fuel through open credit and other means.

The meeting comes in after the country has been hit by fuel shortages.