Malawi: Minister applauds CPL investment

The Minister of Natural Resources and Mining, Bright Msaka, has spoken on Cement Products Ltd’s (CPL) multi-million investment in its Njereza Plant in Mangochi.

Mr Msaka said how the venture has the potential to contribute to Malawi’s economic growth and is a sign that the company is embracing the Public-Private-Partnership (PPP) government objective. Mr Msaka assured CPL that the government would continue providing all necessary technical support.

Asaalam Abdul Gaffer, CPL chairperson, said the company is making the investments in the Njereza plant in an attempt to reduce an influx of poor-quality imported cement products, that are sold at lower prices to locals. Mr Gaffar disclosed that the price of a bag of cement would decrease from MWK5900 (US$8.18) to K4000 when the new facility enters service.