China Zambia De jin xin Cement to invest $170m

ZANIS- China Zambia De Jin Xin Cement plans to invest 170 million dollars into the Zambian economy.

The money will be used to construct a cement plant, a power plant, a mine and a high calcium powder plant.

China Zambia Dejinxin Cement Director, JIANBAO ZHAO says the construction of the cement plant is expected to start next year in November.

Mr ZHAO says that over 1,000 jobs are going to be created during the construction stage, with over 500 permanent jobs expected to be created once operational.

Mr ZHAO was speaking during the signing of the Investment Protection and Promotion Agreement -IPPA-, with the Zambia Department Agency -ZDA.

And ZDA Director-General, ALBERT HALWAMPA has commended China Zambia Dejinxin Cement for choosing to invest in Zambia.

Mr. HALWAMPA says prudent policies being put in place by the government are yielding results, as evidenced from the 170 million dollars pledged investment.