Grain Millers Association (GMAZ) has said that Zimbabwe could run out of bread in a week after flour stocks dwindled due to the country’s failure to pay for imported wheat.
This was revealed in a letter written by GMAZ general manager Lynette Veremu to the National Bakers Association of Zimbabwe (NBAZ). Veremu told NBAZ, Zimbabwe cannot pay for 55,000 tonnes of wheat in bonded warehouses in Mozambique and Harare. Part of the letter reads:
We regret to advise that the current stocks for foreign wheat for bread flour have depleted to 5,800 tonnes and … we are left with less than eight days of national bread flour supplies.
When contacted by Reuters, GMAZ spokesman Garikai Chaunza confirmed the letter, saying “this is the situation we are faced with”. Reuters could not reach Ngoni Mazango, the president of the bakers’ group for a comment. Reuters reports Reserve Bank of Zimbabwe governor John Mangudya did not answer calls to his mobile phone.
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe
John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya