Business & Economy

Dangote to double Zambia cement investment to $900m

Dangote, Nigeria’s largest cement maker, plans to double investment in Zambia to around $900 million by building a second cement plant, the company’s vice president said early August.
Dangote has already built one cement plant at a cost of $450 million in Masaiti, some 500km north of Lusaka. The plant is expected to produce 1.5 million tonnes of cement annually when it reaches full capacity by the end of this year.
‘That’s also in progress and it will soon come up for commissioning,’ said Dangote group vice president Sani Dangote, referring to the new plant. ‘It will be of the same capacity as this plant,’ he said, without giving a time frame.
The power problems facing Africa’s second-largest copper producer would not affect Dangote’s production because the company had built its own 30-megawatt power plant, said Dangote.
Zambian power utility Zesc is limiting supplies after water levels at its hydroelectric plants dropped due to drought.

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