Donation Amount. Min £2

 

The Ministry of Trade and Industry on Wednesday, April 19, announced a value added tax waiver on maize flour and rice in an effort to help ease food price inflation.

The directive, which took immediate effect, comes at a time when the government plans various interventions designed to further address soaring food prices on the market.

Food prices increased at an average of 13.9 per cent between January and December 2022.

Price hikes have largely been attributed to unpredictable weather conditions, Covid-19 pandemic, and the war in Ukraine.

According to the trade and industry ministry, an inspection conducted in different markets across the country revealed that some traders had signficantly increased food prices, unreasonably.

“After analysing different reasons that have affected current food price increases and following discussions that the trade ministry held with several public institutions and private sector partners, Minicom (the ministry) would like to inform the public that the value added tax has been removed off on maize flour and rice,” it said in a statement signed by Trade and Industry minister Dr Jean-Chrysostome Ngabitsinze.

The ministry also announced maximum prices for maize, maize flour, rice and irish potatoes. These foodstuff are among Rwanda's staple foods.

Increases in commodity prices have one overall implication: rising cost of living. And, it is the low-income earners who suffer the most as they find it difficult to make ends meet.

The government is optimistic that food prices will eventually stabilise. - Edwin Ashimwe, The New Times

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@) informereastafrica.com
Slough, UK
+44 7957 636854
info (@) informereastafrica.com

Latest News

US launches investigation into former Trump prosecutor for alleged illegal political activity

US launches investig...

US Office of Special Counsel probing whether Jack Smith violated Hatch Act, which restricts governme...

Gachagua Allies’ Rally in Gilgil Ends Abruptly After Police Fire Teargas

Gachagua Allies’ Ral...

Residents of Gilgil in Nakuru County are scrambling for safety after police officers fire tear gas...

Uganda launches new National Lotteries and Gaming Regulatory Board

Uganda launches new...

Key points: - Uganda’s new gaming regulator has officially begun operations - The Board is tasked wi...

Ghana donates 40-tonne food aid to Palestine

Ghana donates 40-ton...

Ghanaian President John Dramani Mahama delivers a speech at the opening of the 13th African Union Hi...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.