Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Regal Rexnord - One partner for cement - See solutions
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
News US$1.2bn Dangote Cement projects licensed

US$1.2bn Dangote Cement projects licensed

Written by Global Cement staff 28 October 2015
  • Print

Zimbabwe: The Zimbabwe Investment Authority (ZIA) has issued Dangote Group with licences for three projects worth US$1.2bn, paving way for Aliko Dangote to start implementing business deals agreed with Government earlier in 2015. The three projects are a cement plant, a coal mining venture and an energy or power plant using coal off-take production.

Zimbabwe Investment Authority chairperson Nigel Chanakira said that construction of a cement plant would likely reduce the price of the commodity. "Without any shadow of doubt, from all indications this will be the largest plant, so it speaks to the dynamics in terms of competitive pricing in cement and the construction industry," said Chanakira. "Generally, housing building costs must come down."

He said that the ZIA wanted all licensed investors to start work immediately. "What we need now are very strong follow-ups to help anybody who has been licensed to make sure those licences are used and that they translate into real investment," said Chanakira. "In the past, we have been criticised that we approve projects and then people do not come. If you look at the trend, even in 2014, we have had the largest inflow in terms of foreign direct investment since 2006. In 2006 we had US$444m, in 2014 we reached US$545m. In 2015, the jury is still out. The year has not ended, but we are hoping that our numbers will go up to at least US$3bn."

Last modified on 28 October 2015
Published in Global Cement News
Tagged under
  • Zimbabwe
  • Dangote Cement
  • Plant
  • GCW224

Related items

  • New fibre cement board plant in India
  • Ozinga breaks ground on East Chicago alternative cement grinding plant
  • Ibstock seeking industrial partner for calcined clay project
  • PPC optimistic after steady start to 2025
  • Sinoma Cement to build its first cement plant in Kazakhstan
back to top
Loesche - Innovative Engineering
PrimeTracker - The first conveyor belt tracking assistant with 360° rotation - ScrapeTec
UNITECR Cancun 2025 - JW Marriott Cancun - October 27 - 30, 2025, Cancun Mexico - Register Now
Acquisition Cemex China CO2 coronavirus data decarbonisation Export France Germany Government grinding plant HeidelbergCement Holcim Import India Investment LafargeHolcim market Mexico Nigeria Pakistan Plant Production Results Sales Sustainability UK Upgrade US
« June 2025 »
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement X
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
  • Global CemBoards
  • Global CemCCUS
  • Global CemFuels
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • LinkedIn
  • Facebook
  • X

© 2025 Pro Global Media Ltd. All rights reserved.