Cement prices rise in Kenya after mining levy
Published by Katherine Guenioui,
Editor
World Cement,
In Kenya, cement prices have gone up on the back of a Sh140 per tonne mining levy, introduced on 18 December. This translates to Sh7 per 50 kg bag and has caused outcry among cement producers, who have called the levy ‘unfair’ and ‘illegal’.
Some producers, including Bamburi Cement, have already raised prices. Athi River Mining has told press that the levy has pushed up costs and they will have to review their cost structure to see how they can avoid raising prices.
An increase in cement prices naturally pushes up construction costs, which will be a blow to the housing market. There are fears that the high prices will encourage people to build shanties rather than houses, a step backward for the country.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/africa-middle-east/15012014/cement_prices_increase_in_kenya_598/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Heidelberg Materials unveils CCS facility in Norway
Festive opening of Brevik CCS in Norway, the world’s first industrial-scale carbon, capture, and storage (CCS) facility in the cement industry.
