Read < 1 minute
After back-tracking on new import regulations, Zimbabwean officials are looking for a new solution to curb non-essential imports. The country is facing a deepening cash shortage and government has blamed imports for sucking liquidity from the economy.
Last week it gazetted plans requiring people importing a wide range of products including cooking oil and dairy products to apply for import licences.
Imports for the six months to June 2015 stood at $3,1 billion compared to $3 billion recorded in the corresponding period in 2014. Total exports for this period amounted to $1, 23 billion, compared to $1,22 billion recorded in the corresponding period in 2014.
CCTV’s Farai Mwakutuya has more from Harare.
