Zambians and Nigerians have been the most exploited in Africa with high prices of cement.
Eastern Province Permanent Secretary, Chanda Kasolo revealed this during a cocktail evening hosted by Ikulile Initiative Enterprise in Chipata.
Mr. Kasolo stated that a research by Dangote Cement revealed that Zambia and Nigeria had the highest prices of cement in Africa.
He explained that this is the reason why Nigerian billionaire Aliko Dangote decided to invest in cement business to address the matter.
Mr. Kasolo said that it was unacceptable for anyone to sell a 50 kilogramme bag of cement at more than 60 Kwacha stating that in some areas the price was as high as 90 Kwacha.
And Mr. Kasolo says that the problem of housing is the biggest challenge affecting newly created districts in Eastern Province.
He stated that he wanted Eastern Province to be a good example of real investment through working with investors that provide quality building materials.
Meanwhile speaking during the same occasion, Classic E Con Managing Director, Ashok Kumar Sood praised government for providing good policies for foreign investment.
Mr. Sood said that his company was able to operate effectively in the country because of the conducive business environment.
Zambians and Nigerians most exploited in Africa with high prices of cement.
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