The Competition and Consumer Protection Commission CCPC has fined Lafarge Zambia Plc and Mpande Limestone Limited, 10% of their annual turnovers for the year 2019 and another 10% of their 2020 annual turnovers, for price fixing and division of markets.

CCPC Senior Public Relations Officer Namukolo Kasumpa says the commission has since ordered Lafarge Zambia Plc, Dangote Cement Zambia Limited and Mpande Limestone Limited to revert to the pre-cartel prices ranging between USD 4.50 – USD 5 for a period of one year from the date of receipt of the Board Decision pursuant to Section 59 (3) (b) of the Act.

Ms. Kasumpa has told Christian Voice News in Lusaka today that Dangote Cement Zambia Limited has however been granted full leniency for having cooperated with the Commission during investigations.

She said the CCPC Board also directed Lafarge Zambia PLC, Dangote Cement Zambia Limited and Mpande Limestone to make undertakings within 90 days of receiving the directive that their respective employees should not engage in any anti-competitive behaviour.

 

Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock.