
Radar | Jan 03,2021
Jul 27 , 2022
Retailers are compelled to sell a quintal of cement for between 770 Br and 870 Br depending on transport and handling costs determined by cement factories.
The Ministry of Trade & Regional Integration has reintroduced a price cap for cement retailers in a bid to fight alleged "hoarding" and "illicit trade practices."
Retailers are compelled to sell a quintal of cement for between 770 Br and 870 Br depending on transport and handling costs determined by cement factories.
It is the authorities' second attempt to control the cement market through price caps in two years. In June 2020, the Trade Ministry capped distribution costs to 20 Br a quintal, and limited wholesale privileges to six authorised dealers.
The measure backfired. The Ministry was forced to remove the price cap two months later as the new procedures had brought on a severe cement shortage and driven an 80pc spike in parallel market retail prices.
Nonetheless, trade officials have seen fit to try again after retail prices surpassed 1,200 Br a quintal in Megenagna, a cement hub in Addis Abeba, in recent weeks.
The 14 operational cement factories are entitled to a five percent margin on their products. They have an aggregate production capacity of 8.4 million tonnes annually.
Radar | Jan 03,2021
Fortune News | May 23,2020
Featured | Oct 27,2024
Fortune News | Jan 16,2021
Radar | Nov 02,2019
Fortune News | May 27,2023
Fortune News | Apr 13,2019
Fortune News | Nov 20,2023
In-Picture | Jun 22,2024
Radar | Oct 12,2024
Photo Gallery | 156176 Views | May 06,2019
Photo Gallery | 146460 Views | Apr 26,2019
My Opinion | 135224 Views | Aug 14,2021
Photo Gallery | 134976 Views | Oct 06,2021
Sep 13 , 2025
At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the f...
Sep 6 , 2025
The dawn of a new year is more than a simple turning of the calendar. It is a moment...
Aug 30 , 2025
For Germans, Otto von Bismarck is first remembered as the architect of a unified nati...
Aug 23 , 2025
Banks have a new obsession. After decades chasing deposits and, more recently, digita...