The Dangote Group is expected to spend US$400 million on its newly established cement plant in Zambia’s copperbelt province representing the largest-ever investment by a Nigerian company.
The huge cash injection has given the locals hope of a better future into the once-thriving mining district.
Dangote Industries Zambia Limited is 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.
Speaking when he officiated at a ground-breaking ceremony for the Dangote Cement Manufacturing Plant, President, Rupiah Banda told the crowds in attendance that the envisaged plant that the decision by the firm to invest in Zambia confirms that the country is an ideal investment destination.
Zambia has recently witnessed a steady rise in trade activities between our two countries from US$900,000 in 2009 to US$ 1.6 million last year.
However, the President noted, these levels of trade still remain very low.
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