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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.

Rolling blackout pinches cement industry

The power rationing program that started in April is thwarting the productivity of the cement industry. The local cement manufacturing industry, which has been facing a myriad of challenges, has been hard hit by the power shedding program the state power monopoly, Ethiopian Electric and the Ministry of Water and Energy recently introduced.

Investors seek govt’s protection

Local and foreign investors engaged in various investment projects in different parts of the country disclosed that the government should ensure peace and stability around investment projects.