Tag: Cement
Lengthy market chain behind doubling Cement price
Cement price doubled as traders charge twice the ceiling price set by the Ministry of Trade & Industry. A quintal of cement is now being traded between 530 and 550 birr in Addis Ababa, though the ceiling price for similar amount of the item is set at 290 birr.
Ministry revokes cement distributers’ licenses
The Ministry of Trade and Industry (MoTI) canceled the licenses of 18 cement distributors it accuses of overpricing beyond the tariff it set out in a directive.
Cement sales goes online
A local online trading company – Dumbulo Shopping Solutions – has begun selling cement online.
Gov’t lifts restriction on cement investment
The Ethiopian government has lifted the ban imposed on foreign investment on the local cement industry.
Abay Industrial to venture into mining business
Abay Industrial Development SC, the company which is spearheading a multi billion birr investments in the Amhara Regional State, is going to venture into the mining sector.
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