By Saidu Jalloh, Reporter D.S
The Ministry of Finance has announced a 20% import duty on all cement entering the country, a strategic move aimed at stabilizing the fluctuating prices of this essential commodity. This new duty applies to both bagged and bulk cement, as confirmed by reports from Global Times.
This decision is part of a broader government initiative to ensure a consistent and affordable supply of cement across the nation. It follows the recent introduction of a new pricing formula designed to regulate cement prices in the market.
The country’s three primary cement importers—Fawaz Building Materials, Reckcem SL Limited, and Makie Cement—have assured the public of a sufficient supply of cement and urged consumers to avoid panic buying. Officials from the Ministry of Finance emphasized that these measures are aimed at guaranteeing a stable and reasonably priced supply of cement for the public.
In a related development, the Ministry of Trade and Industry, in collaboration with the Ministry of Transport and Aviation, announced revised retail prices for cement across the country on April 1, 2025. These updated prices, which account for transportation costs, apply to both imported cement and LEOCEM 32.5R, following consultations with the Sierra Leone Drivers Union and the Sierra Leone Transport Owners Association.
According to the April 1st announcement, the price for a 50kg bag of cement varies by district. Imported cement prices range from SLL 170.00 to SLL 190.00, while LEOCEM 32.5R is priced between SLL 155.00 and SLL 175.00, depending on the district.
The Ministry of Trade and Industry has indicated that these prices will be reviewed as necessary to reflect changes in cost-driving factors. Both public and private sectors are urged to adhere to these updated prices to maintain market consistency and ensure equitable access to cement nationwide.
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