PPC reassures investors: Zimbabwe import permits won’t impact cement volumes

PPC is unfazed by import permits granted in Zimbabwe, saying these will not affect its volumes in the country.

- TAWANDA KAROMBO

Zimbabwe is facing constrained supply of cement, prompting the government to issue import permits for the construction industry raw material.

This had raised fears that this could disrupt volumes for local manufacturers, including PPC, which is the biggest producer of cement in the country.

PPC CEO Matias Cardarelli said in an interview that the granting of import licences by the government was understandable given shortages on the market.