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:

Kenya:   Deputy President Slams Opposition for Seeking Foreign Aid (news)
Capital FM
23 October 2016

Deputy President William Ruto on Saturday criticised the Opposition for seeking external financial support to influence 2017 General Election. Ruto said Kenyans should be allowed to elect their own ... [read more]

Zimbabwe:   Tsvangirai, Mujuru Dream Fades (news)
Zimbabwe Standard
23 October 2016

TWO months ago former vice-president Joice Mujuru and ex-Prime Minister Morgan Tsvangirai breathed life into Zimbabwe's opposition politics when they held hands as they marched in Gweru against ... [read more]

Nigeria:   Ahmed Musa Nets First Premier League Goal (news)
Premium Times
22 October 2016

Nigerian international, Ahmed Musa, finally opened his goal-scoring account in the English Premier League on Saturday as he scored one of the goals in Leicester City's 3-1 win over Crystal ... [read more]

blogAfrica is'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!