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Govt to Act on Shortage of Cement

Govt to Act on Shortage of Cement

Shortage of cement has hit the country with some hardware shops taking advantage of the situation to sell the commodity at exorbitant prices as high as K20, 000 per bag.

One of the cement-producing companies - Shayona Cement Corporation - through its Managing Director Jitendra Patel told Zodiak that they have reduced production by almost half due to forex shortage to import raw material.

Meanwhile, Spokesperson for the Ministry of Trade and Industry Mayeso Msokera says the ministry will engage the Reserve Bank of Malawi to consider prioritizing cement-producing companies in the supply of forex.

The shortage of forex in Malawi has also led to a decline in the supply of essential goods, including fuel and medical drugs.

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Last modified on Wednesday, 26/07/2023

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