Cement Cartel appeals CCPC decision
Written by admin on May 26, 2021
The three cement manufacturing enterprises that were fined for price fixing and division of markets by the Competition and Consumer Protection Commission Board of Commissioners have appealed the Boards’ decision through the Competition and Consumer Protection Tribunal.
In March this year, the Board fined Lafarge and Mpande Limestone 10% of their annual turnovers for 2019 and 2020 for price fixing and division of markets, while Dangote Cement was granted full leniency and was ordered to revert to the pre-cartel prices.
CCPC Senior Public Relations Officer, Namukolo Kasumpa said the Commission is cognizant of the interest the matter of price fixing has raised but, could not comment as the decision had been appealed rendering it “sub-judice”.
Stakeholders including the Consumer Unity and Trust Society questioned the failure of the CCPC to enforce its directive on cement manufacturing companies to reduce cement prices which have continued selling between K135 and K150.