Cement News tagged under: power rationing
Lack of foreign currency impacts Mugher productivity22 July 2019, Published under Cement NewsA shortage of foreign currency is affecting the operations of Ethiopia-based Mugher Cement, according to Akalu Gebrehiwot, the company’s general manager. The company requires around US$3m annually for the procurement of spare parts for its cement plants. However, the Commercial Bank of Ethiopia and the National Bank of Ethiopia could not allocate more than US$0.5m due to the shortage of foreign currency that is currently affecting the country, said Mr Gebrehiwot. The company is carrying ou... |
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