President Banda to open Nigerian cement firm in Masaiti Thursday

President Banda to open Nigerian cement firm in Masaiti Thursday

Aliko Dangote is the owner and president of the Nigerian company

President Rupiah Banda will tomorrow, Thursday to travel to Masaitiin the Copperbelt Province where he will open the US$400 million new cement plant by Nigerian company , Dangote Group.

According to his spokesperson Dickson Jere, the new cement manufacturing plant, Dangote Industries Zambia Limited, will be situated in Ndola Rural near Masaiti andis  expected to create about 1,000 direct jobs once completed and about 6,000 indirect jobs.

It will have the capacity to produce 1.5 million tones of cement per year once completed.

President Banda said he is looking forward to the groundbreaking ceremony as it shows that his international trips to woo investors have continued to provide Zambia with quality and high-level investments, which will create jobs for all Zambians.

“This investment has come at a time when my Government has prioritized infrastructure development throughout the country. I expect demand for cement to increase exponentially in the coming years,” President Banda said ahead of the ceremony.

Jere further said ina n e-statement that President Banda has worked hard and tirelessly to create strong foundations on which to build tomorrow’s Zambia and ensure economic success to benefit all Zambians.

He said  Dangote Group is among several others who have invested in Zambia following President Banda’s personal invitations through various Business Forums and international engagements which he carried out during his tenure.

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