Dar es Salaam, March 25 -- ZANZIBAR: THE Zanzibar Fair Competition Commission (ZFCC) has closed down more than 100 wholesale and retail shops for hoarding and increasing sugar prices contrary to the indicative price set by the government.

“The shops will remain closed until they pay a fine which ranges from 100,000/- to 5m/- depending on the size of the business. All must pay the fine,” Ms Mgeni Ali Saleh- Communication officer of the ZFCC said. She said the action has been taken following a threeday operation in the Unguja Urban district area.

She said her office opted for the crackdown after investigation proved that many traders were hiding sugar and increasing prices unnecessarily, even after the government through the M...