07/22Addis Abeba – The Ethiopian Ministry of Trade and Regional Integration has announced today that it has issued a new cement price regulation to curb the rising price of cement products in the country. The ministry said it has made the decision after it asked cement factories in Ethiopia to make price adjustments to tackle the increasing cost of cement products. Private consumers will get cement products through government development organizations and organized cooperation, according to the Minister. #Ethiopia lifts directive regulating #Cement prices https://t.co/pWA2mKKFZ3The Ministry of Trade & Industry said that a gov't directive regulating cement prices is lifted as of today & the market will be decided based on free market prices for an indefinite period of time. However, the rising cement prices showed no let up since then, forcing the Ministry of Industry to direct cement factories to exclude agents from the market network and sell the product directly.

Source: Ethiopian News September 14, 2022 21:02 UTC