Finance bank owner to start producing cement

Days of monopoly by Lafarge in cement production may just be over. Larfage has consistently been accused of polluting Chilanga

Days of monopoly by Lafarge in cement production may just be over. Larfage has consistently been accused of polluting Chilanga

MAHTAN Group of Companies chairman, Rajan Mahtan, has disclosed that Zambezi Portlands Cement plant in Ndola will start production next month.

Speaking in Ndola yesterday, Dr Mahtan, said the impendiments that were holding the commencement of operations for the company have been resolved and operations will commemce by August 15, this year.

He said the plant will create employment and competition in the cement industry.

Dr Mahtan also revealed that the Mahtan group of companies have concluded negotiations with the Industrial Development Corporation of South Africa for the construction of a fullY fledged hospital in Lusaka in collaboration with the Morning Side clinic of south Africa.

He said the project will cost approximately K250 trillion.

He said the hospital project has been commenced to enable Zambians to be served medical requirements with humanity and dignity locally.

Dr Mahtan also disclosed that the Mahtan Group of Companies, in collaboration with Group 5 of South Africa, has embarked in the construction of over 3,000 houses in Lusaka under which project the civil servants will be given preference in honour of President Banda’s request.

He said the house construction project will cost about K750 billion.

He added that his group of companies through Finance Building Society one of the companies in the group is organising appropriate mortgage facilities for a period of 15 years to enable people acquire house loans.

And Dr Mahtan further disclosed that his Group of Companies will next year complete construction of a shopping mall in Ndola which will consist of cinemas and other social amenities.

He said the shopping mall will be completed in the next 18 months.

The Mahtan group of companies include Finance Bank, Finance Building Society Professional Insurance and Professional Life Assurance among others.

The company sponsored the presidential luncheon held in hounour of the Tanzanian President Jakaya Kikwete who was in the country to officiate at this year’s Zambia International Trade Fair in Ndola yesterday.

In attendance were President Rupiah Banda and his wife Thandiwe, cabinet ministers, Security chiefs, senior government officials and members of the business community from both Zambia and Tanzania.

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