daniel chigunwe
Business Writer
Following the Cabinet decision to allow companies and individuals to import cement and fertiliser, the Ministry of Industry and Commerce has announced administrative arrangement of importation of the two critical commodities.
Under this arrangement, companies or individuals will be allowed to import up to five tonnes of cement and fertiliser without the requirement of an import licence.
The arrangement, to be jointly implemented with the Zimbabwe Revenue Authority, is with immediate effect and valid until December 31, this year.
Imports above these quantities will require an import licence from the Ministry of Industry and Commerce.
This does not apply to commercial imports, which will continue to be regulated through the normal import licensing processes.
The Government’s decision to implement this arrangement is a welcome move to address the shortages of cement and fertiliser that have been affecting the construction and agricultural sectors in recent months.
These shortages have been attributed to a number of factors, including supply chain disruptions and increased demand, and the recent drought.
The government hopes that this arrangement will increase the availability of cement and fertilizer in the market and help to bring down prices.
The Ministry of Industry and Commerce will continue to monitor the situation and make further adjustments as needed.
Online Reporter