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Mugabe's Dairy Gets Duty-free Import Quota

10 January 2017

ZIMBABWE - President Robert Mugabe's dairy business - Alpha Omega Dairy (Private) Limited - is among 20 companies that have been granted approval to import milk powder duty-free.

The provision was gazetted on Friday under Statutory Instrument 159 of 2016.

The Government Gazette stated that Finance Minister Patrick Chinamasa had suspended duty for various powdered milk imports with effect from 1 January 2017.

The suspension will run till 31 December of this year.

Under the provision, the Mugabes' multi-million-dollar business located in Mazowe central will be allowed to import a maximum of 50,000 kilogrammes (kg) of full cream milk powder per annum and a maximum of 100,000 kg skimmed milk powder.

The dairy - one of the biggest in the sub-Saharan region - manufactures milk, ice cream, yoghurt, chocolate, fruit juices and sour milk.

Dendairy Private Limited and Dairibord Zimbabwe have the highest duty-free import margin.

Source: Daily News

TheCattleSite News Desk



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