Thursday, April 25, 2024

Zimbabwe Issues Food Coupons as Maize Prices Soar

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By Elia Ntali

Government is set to introduce a coupon system as a way of normalizing the roller meal situation while shielding the vulnerable from arbitrage behavior by unscrupulous dealers who are hoarding the precious commodity for re-sell at exorbitant prices.

This was revealed by Information, Publicity and Broadcasting Services Minister, Monica Mutsvangwa during a post cabinet press briefing in Harare yesterday.

“The Minister of Finance and Economic Development briefed Cabinet on the action taken to normalize the roller meal supply situation. He explained that at the first meeting cabinet had noted that the then prevailing price of roller meal provided arbitrage opportunities to some unscrupulous people,” she said.

She also announced that the government had increased the price of subsidized mealie-meal from ZWL$50 to ZWL$70. Read more…

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