Kenyan prices hiked on new mining levy

Kenyan prices hiked on new mining levy
16 January 2014

Kenyan producers have raised cement prices following a new levy imposed by the Ministry of Mining.

Najib Balala, the Cabinet Secretary for Mining, announced a KES140/t mining levy on cement on 18 December 2013, which translates to KES7/50kg bag.

The decision has come much to the displeasure of some producers who have called the levy ‘unfair’ and ‘illegal.’ 

Due to the new levy, National Cement has increased its ex-factory prices from KES600 to KES625/50kg – after having reduced prices on 1 October. Bamburi Cement also said it has reviewed its ex-factory prices upwards. Athi River Mining, however, has said it had not adjusted it prices but is conducting a review of its cost structure.

Published under Cement News

Tagged Under: Pricing Kenya