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:

Rwanda:   Singer Convicted of Plot to Kill President (news)
Deutsche Welle
27 February 2015

A court has sentenced popular singer and composer Kizito Mihigo to ten years for conspiring against the government, including plans to assassinate President Paul Kagame. Mihigo has pleaded guilty to ... [read more]

Afrique:   Oscars 2015 - Le cinéma fait son défilé (news)
Les Dépêches de Brazzaville
27 February 2015

Après la parade effectuée par les stars du chant sur le tapis rouge de la cérémonie musicale, la plus prestigieuse du monde, c'est aux célébrités du ... [read more]

Afrique du Sud:   Business schools africaines - L'Afrique du Sud à la tête du top 20, selon Webometrics (news)
Les Dépêches de Brazzaville
27 February 2015

Le pays de Mandela domine largement le classement des business schools africaines publié par Webometrics. [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!