Investment Watch (Dangote)

From Zambian Economist Wed Jan 30 2013, 01:26:00

Dangote Cement PLC is apparently looking to open another US400 million cement plant in Lusaka next year, bringing its total investment in Zambia to $800 million.

Dangote is currently on track to complete the Ndola plant situated in Masaiti which is expected to produced 3,000 tonnes of cement per day. With the Ndola plant, the company expects to corner 40 to 45 per cent share of the local cement market - as construction and mining sector needs accelerates. The Ndola Plant is expected to create direct 1,000 jobs when it opens. Dangote Industries Zambia Limited is part of the Dongote Cement PLC, which is owned by Nigerian billionaire Aliko Dangote.

There are no details yet on precise location and the level of limestone deposits that would enable such an investment in Lusaka. So this may well be simply the case of talking up development. But if it does materialise it would be good development. And of course, the usual note of caution applies on "jobs created" pronouncements.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Mali:   Peacekeepers Killed in Ambush (news)
UN News Service
29 May 2016

Five United Nations peacekeepers were killed in an ambush in central Mali earlier today, with another 'blue helmet' seriously injured, according to preliminary information reported by the country's UN ... [read more]

Nigeria:   We Are Negotiating Release of Chibok Girls - - Buhari (news)
Premium Times
29 May 2016

President Muhammadu Buhari on Sunday said his administration was continuing negotiation for the release of the abducted Chibok school girls. Over 200 school girls were abducted by the insurgent group, ... [read more]

East Africa:   Full-Scale Assault Launched Against Rwandan Rebels (news)
The East African
28 May 2016

Full scale military operations against the Rwandan rebels in eastern Congo have resumed, with the international community urging the Kinshasa government to offer full co-operation. The offensive ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!


Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...