Dangote to construct cement manufacturing plant in Africa
Posted on : Tuesday , 19th January 2016
Dangote Group now plans to construct a cement manufacturing plant in Zimbabwe chief strategist, Dr Abdu Mukhtar,has said. He added that they now feel comfortable and are excited about venturing in Zimbabwe.
Dr Mukhtar said was satisfied with the preliminary work and was ready to roll out its projects.
He added that the group’s geologists, who set camp in the country on Wednesday, would remain on ground for site visits and collection of samples for analysis ahead of the setting of a cement manufacturing plant.
Dr Mukhtar made the remarks after a meeting with Emmerson Mnangagwa, the acting president at his Munhumutapa offices yesterday.
“We are part of the Dangote Group that was here a few months ago and are here to continue working on he projects that we are yet to do in Zimbabwe,” he said.
“We are back and everything is on track.2016 is going to be a very active year for as we kick off the projects.”
Dangote Industries Limited has also expressed interest in coal mining and power generation. Dangote is owned by Africa’s business mogul, Mr Aliko Dangote.
According to the Forbes Magazine, Mr Dangote’s net worth is more than $18billion.
Dr Mukhtar said a lot of background work, including analysis of details, had been taking place since Mr Danngote’s visit in August last year. Dr Mukhtar is expected to hold a series of meetings with officials from the Office of the President, the Cabinet and senior government officials.
“We now feel very comfortable and we are here with the experts who are expected to go out into the field.”
“The experts will be here for about three weeks and given our good programme, they will visit the sites identified for these projects.”
Samples will be collected for analysis after which we will zero in on the sites suitable for the projects which include cement plant, power generation plant as well as coal mining.
The government has already proposed a number of sites where the company can set up the cement manufacturing plant.
Dr Mukhtar said their devotion to invest in Zimbabwe is at an all time high and all the planned projects are on track.
“No hurdles have been encountered so far by the team given the support they have been getting from the government officials,” Dr Mukhtar added.
The Dangote group has already registered a company with the Zimbabwe Investment Authority and has been licensed.
The group is an expansive business empire and its presence is felt in several African countries including Zambia where it has established a cement manufacturing plant worth $400 million. The group mainly deals in manufacturing, logistics and power generation.
Dangote’s investment deals are set to be a significant boost to the economy of Zimbabwe since it coincides with the deals the country has recently sealed with China and other countries.
The deals are being implemented under the country’s economic blue print, Zim-Asset, and will be reinforced by the 10-Point Plan which cuts across all the key economic enablers.
The plan was proposed by President Mugabe during his state of the nation address last year.
The implementation of the plan is underway as government ministries have stared debating on the mega projects that are likely to contribute to economic growth and job creation.
Source : constructionreviewonline.com
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