Trade Ministry says there is enough cement in the country

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The Minister of Trade Regional Integration and Employment, Babucarr Joof

Following the country’s cement shortage, the Ministry of Trade, Industry, Regional Integration, and Employment issued a statement announcing that there is enough cement in the country, far more than the national demand.

As of today, 4th June 2024, the three companies have the below stocks:

  Name Current Stock Expected Stock
1 Jah Multi Industries Ltd 19,000 MT 29,000 MT Mid June

30,660 MT End June

29,000 MT First Week July

2 Gacem Ltd 6,500 MT 15,000 MT 15th June
3 Salam Company Ltd 70,200 MT  

“the Ministry also want to inform the public and retailers of cement in particular, that the wholesale prices of cement by the local factories have not changed since the introduction of the measure.  The wholesale price of 42.5R cement at Jah Multi Industries remains at D355 per 50kg bag that of Gacem is at D388 per bag for 42.5R cement, and the wholesale price of the 32.5R cement from Salam is D330 per bag. The Ministry wishes to reiterate that the quality of local cement is consistent with international standards. The Ministry, therefore, calls on all importers, distributors, and retailers, as well as all other stakeholders, to directly contact the factories and take advantage of the opportunities created by the cement value chain to support their businesses and livelihood, a statement signed by Lamin Dampha, Permanent SecretaryMinistry of Trade, Industry, Regional Integration and Employment said.

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