Lyn Frans
“In this country, there are only four people who can summon and question me about the price caps: the President, the Vice-President, Prime Minister and Deputy Prime Minister,” Mr Bashe said. “There is no one else who can cancel that decision.”
Earlier, in a January 24 post on his X account, Mr Bashe invited industry stakeholders aggrieved with the sugar board’s move on price cap to his office for consultations and “stop looking for short-cuts.”
The seven major sugar factories in Tanzania currently produce an average of 1,000 tonnes per day against national requirements of 1,500 tonnes per day and 490,000 tonnes annually, with the gap covered by imports.
The government’s target for this year was 500,000 tonnes before the latest disruptions caused by rains.
Mr Bashe said on January 21 that the government would issue permits to local producers and traders to import 100,000 tonnes of sugar immediately but warned against abusing the permits by hoarding supplies to inflate prices.
“If the factory owners and wholesalers continue to hoard supplies in order to push prices up, the government will revoke its protection for them against sugar imports. We cannot protect factories at the expense of consumers,” he said.
According to Mr Bashe, sugar prices in the local market are expected to stabilise by mid-February and the total import allocation to have arrived in the country by the end of February.
“The ministry will also continue to assess the rain situation and damage caused to sugarcane farms since we don’t want to import amounts of sugar that could kill local production altogether,” he said.
The Skyrocketing sugar prices citizens are battling with , is somewhat forcing families and restaurants to forgo use of the ingredient that is core to local diets.
Disappointing harvests from some of the world’s biggest producers have pushed wholesale prices near the highest in more than 12 years in September. While that’s adding to unrelenting inflation pressures across the globe, African nations are particularly vulnerable amid a heavy reliance on sugar imports.
Additional Source:East African
Kıbrıs’ta şirket kurmak ve işletmek için gereken hukuki ve yasal düzenlemeler, Avrupa Birliği standartlarına uygun olarak düzenlenmiştir Şirketler hukuku, ticaret hukuku ve vergi mevzuatı, iş yapma süreçlerini kolaylaştıran açık ve net kurallar içerir Ayrıca, Kıbrıs’ta yasal işlemler genellikle hızlı ve verimli bir şekilde gerçekleştirilir Bu da, şirketlerin hukuki belirsizliklerle karşılaşmadan faaliyet göstermelerini sağlar