By BUUMBA CHIMBULU and PETER SICHALILAFARGE Cement Zambia and Mpande Limestone Limited have been fined by the Competition and Consumer Protection Commission (CCPC) over price fixing and division of markets but Lafarge has refuted any illegal dealing. CCPC Senior Public Relations Officer, Namukolo Kasumpa said the cement firms were expected to pay 10 percent of their annual turnovers for the year 2019 and another 10 percent of their 2020 annual turnovers.Ms Kasumpa said investigations established that company representatives from Mpande Limestone Limited, Dangote Cement Zambia Limited and Lafarge Zambia Plc held discussions which resulted in a pricing philosophy to stop cement price reductions.She said the investigations also established that the cement companies had agreed on a flat rebate of K3 sometime in December 2019.Ms Kasumpa however said Dangote Cement Zambia Limited was granted full leniency for having cooperated with the CCPC during investigations.She said CCPC ordered Lafarge Zambia Plc, Dangote Cement Zambia Limited and Mpande Limestone […]
Lafarge, Sinoma Cement fined
