Minister Kyambadde Summons Cement Industry Players over Sky rocketing Cement Prices
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.
