Nigerian magnate invests in Kafue cement plant

NDOLA: In a calculated move aimed at promoting intra-African trade and investment, Dangote Industries of Nigeria has invested US $ 400 million in a cement plant in Kafue on the Lusaka-Chirundu road.

At the helm of Dangote Industries is Aliko Dangote who is believed to be Africa's richest man. Dangote, who recently met with President Levy Mwanawasa inLusaka said construction of the plant would start before the end of this year.

Demand for cement in Zambia has risen sharply because of the booming construction industry as well as the increased demand for the building materials in South Africa as it prepares infrastructure such as stadiums in readiness for the hosting of the FIFA World Cup in 2010.

Editor's Comment
Who watches the watchdog?

For a fact, in a democratic society such as Botswana, the media plays a crucial role of being watchdog, holding the powerful to account and exposing all possible wrongdoing for the benefit of the public.There has been a nagging question about who watches the watchdog after all? Perhaps, the investigations into alleged wrongful acts implicating those supposed to be playing the watchdog role will shed more light into what has happened such that the...

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