Uganda cement prices fall
Prices in Uganda have dropped by 18% in the past one year. The East African Cement Producers Association (EACPA) attributes the decline to an increase in local cement production. Recent dealer price trends in Kampala show that the price of cement fell from KES27,090 for a 50kg bag in August last year, to KES22,200 in October this year. The price includes 18% value-added tax and the KES500 per bag excise duty. The earlier high prices of cement were largely attributed to huge demand and inconsistent supply coupled with huge production costs, especially for electricity, heavy fuel and transport. According to David Njoroge, the EACPA chairperson, the steady fall in prices was due to the heavy investment by local cement firms over the period to boost production.
Published under Cement News
