Forex shortage hits Malawi cement companies: Minister Gwengwe warns against price hike

A lack of foreign currency is causing the recent shortage of cement in import-heavy Malawi, according to Minister of Trade Sosten Gwengwe. Gwendwe said on Wednesday that cement companies lack the necessary foreign reserves to maintain production. Addressing the media in Lilongwe, Gwengwe warned cement traders against increasing prices beyond K7 500 which is recommended […]

Shayona’s new cement plant in Malawi commissioned

Shayona Cement Company has unveiled a high technology second phase cement plant worth over USD50 million at its factory in Kasungu. Commissioning the plant, Minister of Natural Resources and Mining, Bright Msaka described the cement company as a viable supplement in the development of the country. Situated in the remote area of Traditional Authority Wimbe […]

One dead, three battling for life after Shayona Cement Factory fire accident

Three employees of Shayona Cement Factory in Kasungu are battling for their lives at Kamuzu Districtl Hospital whilst their friend had already died to the hot ashes that poured at them during the course of their work. The deceased Yeremia Kaonga, 21, from Chimgole village in Traditional Authority (TA) Wimbe in the district, was with […]