HomeBusiness

Foreign Currency Shortages Behind Bread Shortages

5ย years agoFri, 01 Feb 2019 04:35:30 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Foreign Currency Shortages Behind Bread Shortages

The National Bakers Association of Zimbabwe (NBAZ) has attributed the shortages of bread on the market to the lack of foreign currency to import wheat to make flour.

NBAZ president Mr Ngoni Mazango said they had submitted applications for foreign currency to Government and were waiting for it to release the money. Said Mazango:

The Government has promised us an intervention on foreign currency which we require as bakers which was going to account for 80 percent of our forex requirement but in the month of November we only received 30 percent of the 80 percent. In December we received 27 percent of the 80 percent and this January we received 9 percent. We are grateful for the gesture but it is not enough.

More: Herald

Latest Samsung Galaxy A05s available on Pindula:
128GB storage, 6GB RAM

$148 USD

WhatsApp +263715068543

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback