By Shaffie A Mtambo
The recent surge in cement prices has sent shockwaves through Malawi’s construction industry, prompting the National Construction Industry Council of Malawi (NCIC) to urge stakeholders to take immediate action. With some cement manufacturers hiking prices to a minimum of K23,800 and K29,800, and retailers selling at even higher rates, the NCIC is warning of potential negative impacts on ongoing projects.
Lyford Gedion, NCIC’s corporate affairs officer, emphasized that significant changes in cement prices can compromise project quality unless the government intervenes with subsidies. Gedion called on stakeholders, including the government, contractors, and consultants, to discuss contractual issues and find solutions to mitigate the effects of the price hike.
Meanwhile, Transport and Public Works minister Jacob Hara has sought to allay concerns, assuring that most ongoing contracts have factored in the price increase and that quality standards will remain intact.
The construction industry is a critical sector in Malawi’s economy, and any disruptions can have far-reaching consequences. The NCIC’s call to action highlights the need for urgent dialogue and collaboration among stakeholders to find a solution to the cement price crisis.
As the industry navigates this challenge, it remains to be seen how the government and stakeholders will respond to the NCIC’s call to action. One thing is certain, however the fate of Malawi’s construction industry hangs in the balance.
