Terrence Mawawa| Barely a week after President Emmerson Mnangagwa’ s inauguration, the nation has begun to experience a critical shortage of cement and business experts have warned of a looming economic crisis.

According to a state run daily paper, PPC and Lafarge brands were out of stock in most retail outlets and building material warehouses in most towns and cities.

The two companies control more than 70 percent of the country’s cement market.

Sino-Zimbabwe sales and marketing
manager Mr Ibiam Sengwe claimed he was unaware of the shortages.

An official from the Concrete and Cement Institute of Zimbabwe, Monday Moyo professed ignorance of the shortage of cement.

“I am not aware of the shortage
of cement in the country. As a
company, our distributors are well
stocked. If there is a shortage maybe
they are referring to other brands. As
far as we are concerned, we are
moving the product into the market and there is no shortage,” he said.