Kenya Government Chalks Up Sh5 Billion Losses In Maize Sale - Foreign Affairs - Nairaland
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| Kenya Government Chalks Up Sh5 Billion Losses In Maize Sale by commodityport: 4:52pm On Jul 11, 2019 |
The government stands to lose over Sh5 billion for the 1.7 million bags of maize it released to millers at a low cost under a subsidy programme to cushion consumers from high flour prices. The Strategic Grains Reserve (SGR) now wants a Cabinet approval of the losses to facilitate the release of a further 1.5 million bags of grains ahead of importation of 12.5 million tax-free bags of maize as the flour prices remain high in most retail outlets... Read more: https://www.commodity-port.com/government-chalks-up-sh5-billion-losses-in-maize-sale/
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