News

Stop hoarding maize, Lungu tells speculators

PRESIDENT Edgar Lungu (left) with United Church of Zambia (UCZ) quality assurance chairman London Mwafulilwa (centre) and fundraising committee chairman Hastings Chiti (right) during the official opening of the UCZ House in Lusaka yesterday. PICTURE: SALIM HENRY/STATE HOUSE

NANCY SIAME, Lusaka
SOME stakeholders are hoarding maize with the hope of raising its price early next year, a situation which is causing an artificial shortage of the commodity and fuelling mealie-meal prices, President Edgar Lungu has said.
The President is aware that there are players in the market who are hoarding maize with the hope of raising prices around January and February next year when they anticipate a shortage of the commodity.
President Lungu said this yesterday when he commissioned a US$20 million maize milling plant by African Milling Company CLICK TO READ MORE

Send Your Letters

Facebook Feed

Ad1