page contents
Connect with us

Business

Zimbabwe: Bread scarcity increases in rural areas.

Published

on

Most remote and rural areas of Zimbabwe have not been getting any bread supplies as bread production in Zimbabwe has dropped by half owing to foreign currency shortages and a poor wheat yield.



Although bread used to be a luxury product‚ particularly among the urban and rural poor‚ it has over time become a staple food. As such‚ $30m in foreign currency is required each month for procurement of wheat‚ of which $7m should be allocated towards bread.

“Bread is currently at 50% supply and we are only able to supply mostly urban areas‚” said Grain Millers Association of Zimbabwe chairperson Tafadzwa Musarara.

To avert the situation from worsening‚ a shipment of 30 tonnes is expected to dock in Mozambique.

Musarara said the situation became dire after Zimbabwe failed to pay for earlier shipments.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Earlier this month the price of bread increased from $1 to $1.10 as prices of most basic commodities skyrocketed with the local bond note shedding more than 50% value against the US dollar on the black market. To avoid further increases‚ the Grain Millers Association appealed to the government for a $50 per tonne wheat subsidy.

The cost of making one standard loaf of bread is currently at US$0.84‚ composed of 38% for the flour‚ 16% for the premix‚ 18% for overheads‚ 10% distribution‚ 7% for bakery fuel and the remaining balance on other costs.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

Business

The Backbone of Gambian Economy Requires Careful Monitoring – Experts

Published

on

Prospects of a growing GDP must be reflected in growth in exports, foreign direct investment and tourist arrivals. The financial year is almost coming to an end but not much has been said about the main export crop.



Earlier a press release was issued questioning the prospects of the farming season.
However, the government has not said much about the trade season. It is standard of good practice to announce the prices of crops before they are even sown to motivate farmers to aim to have bumper harvest.
Now farmers are still waiting to be assured that their crops will be bought at reasonable prices. It is therefore important to keep an eye on the trade season and tourist arrivals as pointers to growth or decline in GDP.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

Continue Reading

Business

China eliminates poverty in 85 counties

Published

on

By

images (3)

China, on Wednesday, announced that another 85 counties have been officially taken off the country’s list of impoverished areas, marking further steps toward its goal of eradicating poverty by 2020.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK



The announcement, made by the State Council Leading Group Office of Poverty Alleviation and Development, came on the fifth National Poverty Relief Day, which falls on October 17 every year.

IMG-20180912-WA0030

This is the largest number of counties to shake off poverty since China vowed in 2015 to win the battle against poverty.

It brings the total number of counties removed from the poverty list since then to 153.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

Continue Reading

Facebook

Advertisement
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved