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Foreign Currency Shortages Behind Bread Shortages

5 years agoFri, 01 Feb 2019 04:35:30 GMT
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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

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