Displaying items by tag: Zambia
Zambia: Dangote Group has announced plans to build a new cement plant in Chongwe, Lusaka, according to All Africa. Meanwhile, its cement plant in Masaiti is due to be officially commissioned on 4 August 2015.
Zambia: According to TUMFWEKO, Lafarge Zambia has launched a depot in Solwezi to provide convenience of purchase for resellers and end users in North Western Province. The provincial minister, Dawson Kafwaya, congratulated Lafarge for opening a depot in Solwezi.
Kaziwe Kaulule, marketing director of Lafarge, said that Lafarge's goal was to provide the Zambian market with building materials and construction solutions by opening depots across the country. "Lafarge will continue to put in place systems and best ways of serving customers because customer satisfaction is what drives us. Our target is to make sure that we open a depot in every province to help our customers to easily access the products we offer," said Kaulule. He further assured the people that the depot would be operated according to the Lafarge Health and Safety Standards and that the company had put in place a strategy to help drivers achieve safe delivery of the product to the depot.
The Newly opened Lafarge Solwezi depot has a capacity to store 4500t of cement and will be the fifth Lafarge depot in Zambia among others held in Chipata, Livingstone, Ndola and Kasumbalesa.
Zambia: Zambezi Portland Cement management headed by Antonio Ventriglia and Manuela Sebastiani has assured all customers and the general public that the company has taken responsibility of operations.
Ventriglia said that all cement sales would resume and that customers would be expected to deposit money into the Zambezi Portland Cement account held at First Alliance Bank in Ndola. He has advised customers and the general public to ignore the purported claim of ownership of Zambezi Portland Cement by Rajan Mahtani and said that the rightful owners were the Ventriglia family. Ventriglia said that by claiming ownership of Zambezi Portland Cement, Mahtani was undermining the rule of law because the courts' decision was issued in their favour and is in the public domain.
Zambia: Following the resumption of management at Zambezi Portland Cement (ZPC) by the original company founders, Antonio Ventriglia and Manuela Sebastiani on 8 April 2015, the cement plant was discovered to be in extraordinary disrepair, having suffered much costly damage under the previous management.
According to sources at ZPC, numerous pieces of large machinery and vehicles have been damaged beyond repair under the stewardship of former managing director Andrew Kamanga, who was later succeeded by Peter Kanaganayagam.
Both Kamanga and Kanaganayagam were appointed to run ZPC in late 2012 following a disputed board meeting that took place after other company directors had been deported from the country under suspicious circumstances that were recently reversed by the courts. Both directors' lack of qualifications and experience in operating a cement plant was criticised by a number of employees at the plant.
"Just a few years ago this was a world-class cement company, the best in Zambia, but now Rajan Mahtani, Kamanga and Kanaganyagam have almost run it into the ground," said one of the plant's engineers. "Not only have they neglected and destroyed valuable equipment worth millions of dollars, they have also issued a series of fake invoices for replacement parts as part of a ongoing scam. There is no way that any responsible manager would let so much valuable equipment go to waste."
According to sources at ZPC, such a level of destruction was made possible because of alleged unscrupulous purchase contracts for spare parts from suppliers that had no capacity to fulfil the orders. "We saw Kanaganayagam take millions of dollars worth of kickbacks by awarding these bogus contracts for spare parts that never arrived, one of these companies being Zamrock Zambia Limited," alleged one employee who worked closely with management in the sales office.
Kanaganayagam has since fled Zambia shortly following the court decision to reverse the deportation orders against the company's true owners. Mahtani, who was found to owe a large amount of unpaid taxes to the Zambia Revenue Authority (ZRA), is currently believed to be in hiding in Canada, according to local media.
Zambia: Lafarge Zambia will begin work on the US$217m expansion of its cement plant in Lusaka in 2015 despite the recent opening of Dangote's cement plant in the country and slow regional economic growth.
Construction will start in the second half of 2015 and be completed in 2018, according to Emmanuel Rigaux, chief executive of the plant. The work will double Lafarge's cement production capacity to 2Mt/yr.
Lafarge's expansion and Dangote's new plant are not expected to cause a cement glut in Zambia, mainly because of demand from the neighbouring Democratic Republic of Congo. "The growth there is massive, in fact it's even higher than in Zambia," said Rigaux.
Chinese and Zambian officials also appear to be planning the construction of a cement plant in Zambia: Find story here.
Zambia/China: Chinese firms have made a commitment to accelerate investment in Zambia under agreements valued at a combined US$800m. The deal was signed by the Zambia-China Economic and Trade Cooperation Zone and 11 companies in Beijing. One of the 11 Chinese firms is West China Cement Ltd, which will set up a cement plant in the zone.
"Zambia hopes to attract more Chinese investors and tourists to improve economic development," said Zambian president Edgar Lungu, adding that his government will provide 'strong support' to Chinese companies. Zan Baosen, general manager of the zone, said that Zambia offers many incentives to Chinese companies. "We are eager to cooperate with Chinese entrepreneurs to explore the market potential in Zambia," he said.
Zambia: The chief executive officer of Zambezi Portland Cement (ZPC), Peter Kanaganayagam, has fled Zambia following a High Court decision relating to the contested ownership of the US$160m company.
Kanaganayagam, who was appointed to run the company following the controversial takeover by the financier Rajan Mahtani, announced to staff at the company that he would be 'seeking medical treatment' in Australia 'for at least four months.' However, Kanaganayagam's decision to flee Zambia comes within hours of a High Court decision reversing the illegal deportations of ZPC executives Daniele Ventriglia and Valerio Ventriglia and restoring their residency permits as well as those of Antonio Ventriglia and Claudio Ventriglia.
Despite obtaining court injunctions against the deportations, the two company directors were forced to leave their country of birth with only four hours notice in November 2012. In the new ruling by High Court Judge Mubanga Kondolo SC, it was found that the immigration authorities failed to give requisite notice of at least 48 hours for the applicants to make representations and as such as the revocation of their residency permits was 'void and had no effect.'
"It is declared that the applicants were and are entitled to continue enjoying their status as permanent residents in Zambia as they did prior to the said decision being communicated to them," said the judge.
The court's decision may have an important impact on the struggle for control of ZPC. Following the deportations on 22 December 2012, Mahtani convened an illegal board meeting in the absence of the company's management and unlawfully appointed Andrew Kamanga as CEO, who was later followed by Kanaganayagam. Now that the court has found that the Ventriglias can return to Zambia and reclaim their ownership of ZPC, there are concerns that all the illegal appointments by Mahtani could be reversed, which is why many employees believe that Kanaganayagam chose to flee.
The dispute regarding the alleged theft of Zambezi Portland Cement by Mahtani has been fraught with disclosures of forgeries, fraud, corruption and even criminal charges.
Zambia: Scirocco Enterprises Limited has entered into an agreement with a consortium to construct a state-of-the-art cement plant in Lusaka's Makeni area at cost of US$200m. Scirocco Enterprise managing director Moustafa Saadi said that the cement plant would have the capacity to produce 2500t/day of cement. He added that the company, Amaka Cement Industries Limited, had been incorporated in Zambia.
Saadi said that Scirocco has entered into an agreement with a Chinese firm and an international funder to carry out the project. "The agreement has been signed and feasibility study is being undertaken to establish the viability of the project. As soon as the exploration work that needs to be carried out is finalised, an environmental impact assessment will be carried out to comply with the prevailing laws," said Saadi. "We expect that the process can be concluded quickly without any undue delays. We are looking forward to the support of our community and various government institutions to facilitate the process in order to begin the physical work."
According to Saadi, the plant will be modern and efficient and will exceed all the environmental regulations in Zambia and have a positive impact on the economy of the area and the nation as a whole. He said that construction of the plant is earmarked to start in September 2015 and it is expected to be completed by 2017. Amaka Cement Industries would produce two grades of cement for the local and international markets. 500 people will be engaged during the construction period and 200 people will be employed on a full time basis once production starts.
Zambia: Dangote Cement's Zambian subsidiary has sued the country's labour minister for libel and slander after he accused an executive of Dangote Cement Zambia of attempting to bribe him in September 2014. Dangote said that that the minister had created an impression that the company was exploiting Zambian workers and enticing government officials with bribes.
"The plaintiff has been brought into public scandal and its reputation has been injured," said Dangote. Local reports suggest that the dispute is the latest in a string of incidents in which Zambia's government has resorted to unorthodox tactics against foreign investors that it believes are circumventing labour laws.
Zambia: A Zambian government minister, Fackson Shamenda, has accused a Dangote Industries Zambia (DIZ) executive of attempting to bribe him, according to local media. DIZ has described the allegations as 'malicious misinformation.' DIZ has 400 workers building a US$400m cement plant in Zambia. The staff count should rise to 2000 when production starts in November 2014.
"For the record, DIZ categorically deny any claims of corruption and bribery and reserve our rights on this matter," said DIZ in a statement. Shamenda did not specify what was offered by the executive and said that he had rejected it because he had critical labour issues to sort out with DIZ and did not want to be compromised.
"He told me that it was a tradition in their culture to give someone a token of appreciation. Maybe his idea was that I turn a blind eye to what is happening at Dangote," said Shamenda, according to local media reports.
Shamenda also said that DIZ should offer workers at the company permanent employment and allow them to join unions. "There is no union and according to the reports I have received, those who have attempted to join unions have had their contracts terminated.
I have asked the labour commissioner to investigate and tell me all the categories of employees, because the reports we have received indicate there are no permanent employees."
DIZ said in its statement that Shamenda had made four surprise visits to the cement plant in the last four months, prompting the company to complain about his conduct as it felt that the minister was deliberately looking for wrongdoing. "DIZ was beginning to feel harassed and unwelcome in Zambia and immediately brought this to the attention of the Ministry of Commerce, Trade and Industry," said DIZ in a statement.