As Malawians are complaining of continued increase of prices of essential commodities, the neiboring country Zambia cement factory Lafarge has slashed its prices by between 5 per cent and 15 per cent.
In a statement issued on Sunday, October 31, 2021 the price reduction is due to the appreciation of the Kwacha against foreign currencies.
This reduction may see cement prices coming down by as much as K21 per pocket, meaning the retail price per pocket could fetch around K119.
“We would like to inform the public and our esteemed customers that Lafarge Zambia Plc has reduced the price of cement between 5-10%. The decision to reduce the price is attributed to the recent appreciation of the Kwacha against major currencies as well as the positive outlook of national economic growth,” the cement manufacturer has stated.
Recently, Malawians have seen cost of living rising each passing day.
