Ethiopia: The Ministry of Trade and Regional Integration (MOTRI) says it will regulate cement factory gate prices in its latest attempt to lower the price for end users. It has set the price from 22 December 2022 for six months, according to the Capital Ethiopia newspaper. This latest attempt to stabilise the market follows measures such as setting fixed consumer prices, limiting sales volumes for individuals and asking producers to cut distributors out of the supply chain. The country has suffered from a cement shortage since 2020 due to low domestic production levels. This has been exacerbated by security issues, a lack of raw materials and a shortage of foreign currency.

Source: Ethiopian News January 02, 2023 09:22 UTC