EBC, Ethiopian state media, on Tuesday unveiled what it called a clandestine cement trading network in the outskirts of Ethiopia’s capital Addis Ababa. Since there is a soaring prince for the item in other parts of Ethiopia, the problem is likely to be ubiquitous.
In a recent directive, the government put a cap on the price of cement for a period of three months. According to the new directive, it was supposed to be sold for under 600 Ethiopian birr per quintal.
What state media unveiled in its news coverage today is that in the parts of the city that it covered, construction material supply stores were saying that they are out of stock. But in secret locations, it was selling for well over 2000 Ethiopian birr.
Businesses in real estate development and other forms of construction have been complaining about high prices and shortage of cement in the market.
A privately owned cement factory in the Oromia region of Ethiopia, which was expected to stabilize cement supply in the country, has been facing serious security challenges.
In May 2018, Deep Kamara, manager of Dangote Cement Ethiopia, was killed along with two other Ethiopian staff in the area not far from the factory. The regional state described the perpetrators as “unknown gunmen.”
Early this month, dozens of Dangote cement factory employees were kidnapped, on their way to the mining site in the Adaberga district.
In addition to the nexus of cement suppliers who have been gouging pricing by manufacturing supply shortages.
Video : embedded from Ethiopian Broadcasting Corporate YouTube channel
Cover photo : screenshot from the video
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