Tanzania's Prime Minister Kassim Majaliwa has warned traders against hording cement with profiteering motives saying the practice tantamount to economic sabotage and threatened that such people will be dealt with in accordance with the law.
Majaliwa warned during a televised address to regional commissioners, Permanent Secretary in the Ministry of Industry and Trade, acting Permanent Secretary in the Ministry of Transport, regional trade officers and executives from various cement manufacturing firms.
He has also directed the Ministry of Industry and Trade to set price caps for cement  in a deliberate move to stop what he described as haphazard price increases by unscrupulous traders.
'We must understand what is happening on the ground, the cement which is produced in Dar-es-Salaam and Tanga should not be sold at highest Price in Morogoro, Majaliwa warned.
The tough speaking Premier called upon the Fair Competition Commission (FCC) to conduct thorough investigations into the cement subsector with a view of establishing whether the product was being sold at fair prices or not in several locations of the country.
'We expect FCC to come up with the report even before reaching to this stage, you must elaborate what is happening, why the price is going up while there is no increase of prices on raw materials,' Majaliwa said.
Ministry of Industry and Trade has been ordered to undertake visits to cement manufacturers with a view to understand their concerns so that they can come up with solutions.
Tanzania's Prime Minister Kassim Majaliwa
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