Uganda faces cement price hike

Uganda faces cement price hike
22 February 2018

Cement prices have risen in Uganda since the start of the year, with wholesale prices now between UGX29,000-30,500 (US$7.90-8.40)/bag. Tororo Cement has announced that prices increased to UGX29,500 from UGX28,500 recorded in the first week of January 2018, according to the Daily Monitor.

"There is an increment of UGX1000. At wholesale level, the price is UGX29,500. It is due to the fuel price hiking and the dollar price currently at UGX3650," said Alok Kala, chief marketing manager, Tororo Cement.

Tororo Cement expects to open its new capacity in March, which will help the company meet the growing demand in Uganda. "Our plant machinery delayed us. It was supposed to start in December but now it is going to start in March," said Mr Kala.

Published under Cement News