| 06/04/2001 | Sales of Bicycles Increase in ZimbabweZimbabwe has been faced with extreme fuel shortage for the last two years because of their lack of hard currency. This is turning out to be the worst econmic crisis the independent country has faced. Commuter bus operators have had to pass the fuel increase to the passenger, many who can not afford the increase.
In November the government took action and cut duties on bicycle imports in half to make the bicycles more affordable. In addition they initiated tax cuts. This has resulted in an increase of over 50% in the sales of bicycles. Many bicycle shops have reported that they have had to start waiting lists for bicycles.
The country currently imports 85 percent of its bicycles from China and India. Soon the country may increase domestic manufacturing to keep the currency in the local economy.
Zimbabwe is setting an example that other countries should follow.www.allafrica.com
|
|
|
