Online Reporter
Business Writer
LEADING fuel supplier, Petrotrade, is positioning itself to play a key role in the implementation of the National Development Strategy (NDS2), leveraging record growth, infrastructure expansion and green energy investments.
In its 2025 Annual Report, the State-owned fuel trader said its performance has laid a firm foundation to support NDS2 and the realisation of Vision 2030 targets, with sustained investment in energy access, logistics, digital transformation and renewable energy.
Vision 2030 is Zimbabwe’s national development goal to transform the country into an empowered, prosperous, upper-middle-income economy by the year 2030.
NDS2 is the Government’s 5-year economic development plan (2026–2030) designed to achieve this goal.
Petrotrade recorded a historic financial performance during the year, with revenue more than doubling to ZiG7,2 billion from ZiG3,64 billion in 2024.
The company posted a profit after tax of ZiG111,7 million, which resulted in the fuel trading firm declaring a final dividend of US$2,2 million to its shareholder, the Mutapa Investment Fund.
This followed a solid volume performance after a 32 percent surge in fuel sales to 188,2 million litres.
To support economic growth under NDS2, Petrotrade said it has expanded its retail network to 107 service stations nationwide and commissioned new one-stop energy centres across the country.
In line with the Government’s energy transition agenda, Petrotrade completed the solarisation of all its fuel service stations and continued to promote clean energy through a solar-powered electric vehicle charging station in Gweru.
Digital innovation was also a key focus area during the year.
Petrotrade has introduced an upgraded Petrocard ecosystem that integrates virtual and physical fuel cards with mobile technology and multi-wallet capabilities for fuel, LPG and lubricants.
Speaking at the company’s Annual General Meeting recently, Mutapa Investment Fund representative Mr Ernest Denhere, representing the fund’s chief executive, Dr John Mangudya, said Petrotrade’s record 2025 performance has laid a strong foundation for supporting NDS2.
He also commended the company’s board, led by Mr Joshua Tapambgwa, and chief executive Ms Jasmine Howera for providing strategic leadership.
