Senegal’s President, Macky Sall, has imposed a tax of XOF2000/t (US$3.30/t) on cement to finance social housing, according to Le Quotidien.
The latest increase follows a XOF3000 hike only a few months earlier and cement producers have warned that the new tax will lead to a rise in cement prices and a spike in building material prices.
However, consumers have disputed the arguments of the cement companies and said that the rise has already occurred.
US cement sales rebound in October
Total shipments of Portland and blended cement, including imports, in the US and Puerto Rico amo...