The Independent Uganda: You get the Truth we Pay the Price
Going forward
Gagrani of Tororo Cement said sector players are embracing new technology to be able to improve efficiency and meet consumer demands.
Narendra Raval, the chairperson of Simba Cement Uganda Ltd, said during the official opening of the new cement plant in the country that they aim to drive down the prices of cement in the country down to Shs 25,000 per 50kg bag so as to support construction activities.
His promise was based on the sharp rise in prices that the country recorded in April this year fueling anger among consumers.
Sector players attributed the surge in prices to power cuts that affected production, increased local demand from various infrastructure projects, high demand by the export market to neighboring countries of Rwanda and the Democratic Republic of Congo.
Cement producers also said there were delays by the revenue authorities at the borders to clear trucks of clinker used in cement making.
Players also said the 10% import duty levied on clinker and high fuel prices too had contributed to increased production costs and prices.
Hadija Nakakande, the spokesperson at the ministry of trade told The Independent that the new players like Simba and Kampala Cement have a led to a surge in production capacity and that the new development would support growth of the construction sector.
She also revealed the trade ministry is in talks with the finance ministry on how to resolve the 10% tax on clinker.
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