Now Reading
Cement Prices Soar in Maputo

Cement Prices Soar in Maputo

It is becoming more and more expensive to build a house in the province and city of Maputo. According to the National Inspectorate of Economic Activities (INAE), in the last few days, the price of construction cement has risen sharply, reaching 720 meticais per 50 kg bag.

However, according to INAE spokesman Tomas Timba, work carried out by the inspection teams between the 5th and the 11th of January established that the same product ex factory cost between 445 and 465 meticais, a difference of around 255 meticais.

“At the moment, we have teams in the field working with the large stockists and also with the factories, in order to gauge the reasons for the rise in prices across the country, especially in the city and province of Maputo, and to survey the current situation to understand what is happening in the market,” Timba explained.

Timba stressed that there was, in his view, no reason why cement should cost as much as 700 meticais a bag, despite the cost of transport and storage.

See Also
Mozambique: UN Economic Commission for Africa to Align Support With Mozambique’s Development Priorities | Source: 360 Mo

Choose your newsletters
Scroll To Top

We have detected that you are using AdBlock Plus or other adblocking software which is causing you to not be able to view 360 Mozambique in its entirety.

Please add www.360mozambique.com to your adblocker’s whitelist or disable it by refreshing afterwards so you can view the site.