EDC: Cement price hike to drive weaker demand, lower profit

Analysts at EDC Securities believe that the current spike in retail price of cement will see cement manufacturers post weaker demand and lower profit margins. Meanwhile, Nigeria's works minister will meet with cement manufacturers today over the high cost of cement. Joshua Chinga, a Sell-Side Analyst at EDC Securities, joins CNBC Africa for this discussion.
Mon, 19 Feb 2024 14:12:36 GMT