VOL. NO: 59      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Zimbabwe's GMB stops selling to six millers


Plants from a thriving Zimbabwe maize plantation

THE GRAIN Marketing Board of Zimbabwe has stopped selling maize to six of the country's millers after allegations that they were reselling the maize to private buyers and stock feed manufacturers at inflated prices.

GMB acting chief executive, retired Colonel Samuel Muvuti, identified the millers as Eveready Milling Company, Golden Millers (both from Ruwa), D and F Millers and Katsaona (Chitungwiza), Nelma (Murewa) and Tinotenda (Norton). The six have since been issued with suspension notices.

The suspected double-dealing by the millers was distorting the tonnage of maize delivered to the GMB depots since some of it would be recorded twice.

The Government, through the GMB, is importing 400,000 tonnes of maize from countries in the region to augment supplies.

Zimbabwe consumes at least 1.8 million tonnes of maize per year but production has fallen short of this figure in recent years due to periodic droughts.

 

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