Government is set to facilitate the establishment of small scale bakeries in order to provide affordable bread, President Emmerson Mnangagwa has said.
This comes after Bakers announced an increase in bread prices for the third time this year. Addressing thousands of people at the independence celebrations, Mnangagwa said government was committed to address distortions in the economy.
“The implementation of the Transitional Stabilisation Programme, has since gathered momentum.
“My Government remains committed to address distortions in all sectors of the economy.
“Wheat supplies are set to improve, while the establishment of small scale bakeries will be facilitated to enhance more affordable bread prices.
“We have made an upward review of producer prices of maize, soya beans, wheat and cotton,” he said.
Mnangagwa said government would provide affordable basic commodities through the setting up of Silo Food Company.
“The setting up of Silo Foods Company will further see increased availability and affordability of many basic commodities throughout the country,” Mnangagwa said.
He said the introduction of a market-based exchange rate system is expected to stabilise the economy, in the long run
In the fuel sector, we are adopting long term strategies to stabilise both the availability and pricing of the product.
The introduction of a market-based exchange rate system is expected to stabilise the economy, in the long run,” he said.