{"id":46936,"date":"2023-08-05T20:27:28","date_gmt":"2023-08-05T20:27:28","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage"},"modified":"2023-08-05T20:31:29","modified_gmt":"2023-08-05T20:31:29","slug":"minister-gwengwe-attributes-cement-scarcity-to-forex-shortage","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage","title":{"rendered":"Minister Gwengwe attributes cement scarcity to forex shortage"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>Minister of Finance and Economic Planning, Sosten Gwengwe, has disclosed that shortage of foreign currency is the major factor contributing to the scarcity of cement in Malawi.<\/p>\n<p>Gwengwe was responding to a question from Rumphi West Member Yona Adadawiza Mkandawire on Friday in Parliament who suggested that the government should encourage cement imports to deal with the situation.<\/p>\n<p>The minister told Members of Parliament that forex shortage has affected both local cement and general product producers, which shall be rectified very soon.<\/p>\n<p>Gwengwe, who stood for Minister of Trade and Industry Simplex Chithyola Banda, said the ministry has engaged the Reserve Bank to support local manufacturers.<\/p>\n<p>The finance minister explained that the central bank has engaged in order not to deal with only cement but also other equally local important products that needs forex it\u2019s an import base.<\/p>\n<p>\u201cIt is these local producers who are generating forex, therefore they need to be supported to make sure stable supply markets and prices,\u201d elaborated Gwengwe.<\/p>\n<p>He added, \u201cIt is true that prices of cement escalated as other traders are selling as higher as K20, 000 per 50kg bag. During the meeting between concerned stakeholders was resolved that a bag of cement should not exceed K16, 000.\u201d<\/p>\n<p>He explained that the query is made considering poor Malawians who earn less than K50, 000 per month and can\u2019t afford to buy a bag of cement during this time.<\/p>\n<p>Mkandawire pointed out the need to utilize the duty free week in this time of crisis as manufacturers in Malawi are failing to bring down cement prices.<\/p>\n<p>\u201cThere is need to encourage cross-boarder import of cement where government can also be collecting revenues,\u201d pleaded Mkandawire.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. Minister of Finance and Economic Planning, Sosten Gwengwe, has disclosed that shortage of foreign currency is the major factor contributing to the scarcity of cement in Malawi. Gwengwe was responding to a question from Rumphi West Member Yona Adadawiza Mkandawire on Friday in Parliament who suggested that the government should encourage cement [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":46934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,234],"class_list":["post-46936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Minister Gwengwe attributes cement scarcity to forex shortage - Malawi<\/title>\n<meta name=\"description\" content=\"Minister of Finance and Economic Planning, Sosten Gwengwe, has disclosed that shortage of foreign currency is the major ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minister Gwengwe attributes cement scarcity to forex shortage\" \/>\n<meta property=\"og:description\" content=\"Minister of Finance and Economic Planning, Sosten Gwengwe, has disclosed that shortage of foreign currency is the major ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-05T20:27:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-05T20:31:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/08\/sm_1691251271.775263.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Minister Gwengwe attributes cement scarcity to forex shortage\",\"datePublished\":\"2023-08-05T20:27:28+00:00\",\"dateModified\":\"2023-08-05T20:31:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/08\/sm_1691251271.775263.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/minister-gwengwe-attributes-cement-scarcity-to-forex-shortage\",\"name\":\"Minister Gwengwe attributes cement scarcity to forex shortage - 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