By Linda Kwanjana
The National Construction Industry Council of Malawi (NCIC) has warned business people in the country trading in cement against the behaviour of increasing prices of cement for no apparent reason and without real backing of the data.
Addressing the press conference in Lilongwe, NCIC, Chief Executive Officer (CEO) engineer Gerald Khonje said such malpractice delays completion of construction projects currently taking place in the country.
According to Khonje, most traders are increasing their prices of cement without checking with the Council.
Engineer. Khonje said what is happening is total theft to Malawians, and there is a need for this malpractice to stop forth with.
Currently the CEO says the Council is committed to deal with the practice while adding that this is the reason the council developed Price Index, which aims at aligning prices of cement with what is reality on the ground.
Again, the price indexes are aimed at stopping the traders against duping Malawians.
Business stakeholders have since hailed NCIC for the price indexes.
Akim Banda from area 36 says these indexes will help to preserve their money from being duped.
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