Jul 20, 2018 Last Updated 1:53 PM, Jul 20, 2018
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Malawi Government Warns Against Selling Cement At Exorbitant Prices

Malawi Government Warns Against Selling Cement At Exorbitant Prices Image sourced at feceofmalawi.com
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Industry and trade authorities have issued a stern warning against traders who are selling cement at exorbitant prices taking advantage of the scarcity of the product on the market.

The average retail market price of a 50 Kilogramme of cement is between MK6, 000 and MK6, 500.

It has however, been established that some traders are charging up to MK11, 000 or MK12, 000 per a 50 kilogramme bag of cement.

Malawi has been experiencing a shortage of cement for the past two months, due to what other traders attribute to the persisting power blackouts which have affected numerous business entities which rely on electricity to produce various products.

Officials from the Electricity Generation Company (EGENCO) have attributed the power cuts to low water levels in Lake Malawi and Shire River which is the main source of power generation in the country.

In a statement that Capital FM has seen, Secretary for Industry and Trade Joseph Mkandawire reveals that they are holding discussions with the cement industry on the matter and have issued import permits for cement in order to fill the existing gap of supply.

Meanwhile, Mkandawire warns that the government will take punitive measures against anyone offering prices higher than the recommended ones.

Malawi has three cement manufacturing companies, namely, Larfage, Shayona Cement Company and Malawi Cement Products Limited (CPL).

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