Minister Kyambadde Summons Cement Industry Players over Sky rocketing Cement Prices

April 6, 2018/By Rurekyera Geofrey/In Business, News/ 0 Comment

The minister of trade, industry and cooperatives Amelia Kyambadde has summoned Cement manufacturers over the escalating prices of cement in the country.

This after Lugazi municipality Mp, Isaac Ssozi Mulindwa petitioned parliament over the high prices of cement.

Over the last two months, cement prices have been rising, pushing wholesalers and retailers to hike prices so as to maximize profits.

A bag of cement currently costs between shs 40,000 to shs 50,000 from Shs29, 000 last year.

Kyambadde accuses manufacturers of hoarding cement so as to sell it at higher prices.

Written by Rurekyera Geofrey

Rurekyera Geofrey is a proud Media practitioner. He currently works as the Chief News Editor and Head of News department Croozefm, as well as C.E.O Mbarara Sun News-an online news website. He is passionate about causing the change in society, by telling the story that everyone else is fearing. That way, even those deprived of their justice can get it. Outside media, He has also worked in education, NGOs and has unmatched passion in politics and current affairs. facebook: Rurekyera Geofrey Twitter: @Rurekyera Geofrey website: www.mbararasun.com

Minister Kyambadde Summons Cement Industry Players over Sky rocketing Cement Prices