The government of Zimbabwe has announced price controls on basic commodities with immediate effect to address economic problems in the country
Speaking at a press conference this Wednesday, Vice President Kembo Mohadi said the price controls will see businesses reversing to prices that were effective on March 25.
“The multi-sectoral stakeholders committed to a price moratorium to operate based on the prices that were applicable on March 25”.
Zimbabwe has been experiencing escalating prices making it difficult for the consumers to afford basic commodities.
The development will see to the reduction of prices of basic goods, including bread, super-refined maize-meal, cooking oil, flour and sugar.
The move by the government to freeze prices of essential foods is part of measures to cope with the effects of the Covid-19 pandemic and lockdown measures required to contain the threat.
