Issuing a statement, the Chamber said it notes with satisfaction the steps taken to implement crucial economic reforms.

It is important to maintain the reform momentum under the IMF program, in order to meet the program requirements, as well as implement structural reforms that will ensure sustainable revival.

“Opening the retail distribution business to three additional players will allow for competition, an increase in quality of service, and for outlets to be set up in remote areas of the country.

New players being able to import and supply fuel to the country will also reduce the over-reliance on the CPC to procure dollars and distribute fuel, thereby reducing the vulnerabilities faced in 2022 due to a shortage of dollars in the banking system,” the Chamber said.