Storm cooking over edible oil, dollar shortage in East Africa - News Summed Up

Storm cooking over edible oil, dollar shortage in East Africa


But it is the high prices and shortage of edible oil that is cooking up a storm across the region. John Muriuki, a Mombasa-based palm oil dealer, confirmed the shortage supply of palm oil, a key ingredient in the manufacture of edible oil. Strategic planningTo avoid a perennial dollar shortage, Mr Gichinga advises players in the edible oil sub-sector to incorporate local raw materials in their business model. “Tanzania has depended on imported edible oil and the country experienced an acute shortage of the commodity during the pandemic, when countries producing edible oil closed its borders,” she told workers of Kagera Sugar Factory. They suggested that import duty on edible oil be slashed from 25 percent to 10 percent.


Source: Daily Nation June 13, 2022 08:47 UTC



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