The price of cement in Ethiopia has fallen over the past week in June by about 15 per cent after weeks of high prices since power rationing relating to a tunnel problem at Gilgel Gibe II began in January 2010.
Until June 1 2010, Mugher’s cement retailed at Br410 followed by Wagshen and Jema, which were selling at Br400. Since then, these prices have come down to Br360 and Br350, respectively. The retail price for Abyssinia and Koka cement are the lowest at 340 Br in retail stores around Megenagna, Addis Abeba.
