Government To Provide Loans To Retailers Maintaining Cheap Prices

Vice President Kembo Mohadi said yesterday that government will provide loans to retailers who maintain cheap prices. Zimbabwe is currently undergoing a currency crisis which has driven prices of basic goods up.

The government has been fighting the price increases, instructing retailers to reduce prices as well as finding ways to incentivise businesses to not raise prices.


Introducing the Pindula News Mobil App
Download from Google Play Store

Mohadi was yesterday speaking at a Zanu-PF “Thank-you” rally which President Mnangagwa failed to attend.

Said Mohadi:

Basic commodities like cooking oil, sugar, salt, rice mealie-meal, milk and flour; the prices are being looked into so that they become affordable to the generality of the public.

Government is equally putting in place loan facilities for retailers who will maintain cheap prices. These will be supported by Government to make sure that their prices remain low.

As Government, we are engaged with industry for a more stable price regime. We are seized with this matter. We are a Government that is responsive to the people’s needs.

We are concerned with overcharging of goods and the constant hikes of prices of basic commodities. We understand the struggles that you are facing and we will step in with corrective measures.


Related


More: Sunday Mail

Kembo Mohadi

Kembo Mohadi is a Zimbabwean politician who was the Vice President of the Republic of Zimbabwe and second secretary of Zanu-PF until his resignation on 1 March 2021. Mohadi is a member of the Zimbabwe African National Union-Patriotic Front (Zanu-PF) where he is a member... Read More About Kembo Mohadi

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/D4vbg5RLhkbFfVyMdu8rLi


Telegram Group: https://t.me/pindula

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.