Edgar Lungu, the president of Zambia, said that Dangote business expansion across the continent is worthy of emulation by African businessmen in the task of continental development.
The president stated that he was delighted about the new $400 million cement plant investment, as it was in line with his administration’s economic plan for the country.
According to the plan, the investment is expected to create at least 1,000 direct and 6,000 indirect jobs for Zambians when fully operational. Furthermore the project is already greatly benefiting the local people of Masaiti and the surrounding districts through the transfer of skills, technology and business linkages.
Lungu said: “I am very confident that Dangote Cement plant management will flow with the intention of my government to ensure our people feel part and parcel of this momentous development on the Copperbelt. As government, we are aware that for years now our people have been subjected to high monopolistic pricing structure for cement. Today, I am the happiest person to note that ever since Dangote Cement came into the Zambian market, the price of cement has been gravitating towards normal.”
Yemi Osinbajo, Nigeria’s vice president, added that Dangote’s phenomenal vision, entrepreneurship and commitment had led to the development of Africa and Africans.
He said that human capital development, political stability and economic integration were central to the rapid development of Africa and the emancipation of its people from poverty.
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