The government has reviewed upwards the subsidised price of mealie meal from ZWL$50 to ZWL$70 per 10kg bag of roller meal.
In a press statement released by the Ministry of Finance and Economic Development this afternoon, implementation of the new subsidy price is with immediate effect.
“In December 2019, Government introduced a roller meal subsidy pegged at ZWL$50 per 10kg bag in order to protect the vulnerable groups.
“However, the wide gap between the market and the subsidised price has created undesirable arbitrage opportunities for unscrupulous players, resulting in the market and supply distortions.
“In view of the above, I am pleased to announce that Government has reviewed upwards the subsidised price from ZWL$50 to ZWL$70 per 10kg bag of roller meal against the prevailing market price of the product.
“Implementation of the new subsidy price is with immediate effect. Government will announce a strengthened targeting system in due course such that deserving vulnerable citizens as intended by the subsidy policy benefit,’ read the statement.