The price of cement is increasing again, reaching as high as 600 Birr in the parallel market.
For almost a year, Ethiopia has been facing a critical shortage of cement, while the government pointed its finger at “illegal traders” claiming that they are hoarding the item.
Factory price remains unchanged around 300 Birr, while retail price reaches as high as 550 Birr. Factories said production has increased, even some claiming that they are utilizing 80 percent of their production capacity.
There are 14 cement factories in Ethiopia with a production capacity of 15.1 million tonnes annually, while the total demand for cement stands at 11 million tonnes yearly.