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 […]