Following the announcement of Cimenterie de Lukala (Cilu) earlier this week that it plans to close due to “unfair competition”, the governor of Kongo-Central, Jacques Mbadu Nsitu, is considering a new tax on grey cement imports.
He ordered his government to draw up the required legislation which is expected to protect locally-produced cement. At present, the price of a bag of cement in Matadi is between US$7-7.50 for Cilu product while in the border town of Lufu, imported cement trades between US$4.50-5.
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EBRD provides EUR25m to Arabian Cement Co
The European Bank for Reconstruction and Development (EBRD) is providing up to EUR25m in financi...