President Rupiah Banda says his administration is determined to create jobs for the people of Masaiti on the Copperbelt by attracting investors to the area.
Mr. Banda was speaking on arrival at the site of the ground-breaking ceremony for the $400m Dangote Cement Factory which will be located in Masaiti District near Ndola.
The President made the remarks as he talked to excited local people who gathered to witness the ground-breaking ceremony for the new factory that will produce one-point-five metric tons of cement per year.
Mr. Banda spent some time with the people including women, men and children who greeted him in the local language and ululated to show their appreciation for the cement factory.
In his speech, President Banda says the Dangote has come to invest in Zambia following President Banda’s efforts to lure foreign investors.
He says Dangote is the first big African company to invest in Zambia and that he is proud of the development.
Dangonte President and Chief Executive Officer Alhaji Aliko Dangote says the investment will further cement the relations between Zambia and Nigeria.
Dangote is a Nigerian based company.
Mr. Dangote says Africa should not wait for investors from outside the continent but promote the growth of local industries.
He has thanked President Banda and former Commerce Minister Felix Mutati for working hard to ensure that the company invests in Zambia
Mr. Dangote has described President Banda as a hard-working man who looks after the people well.
The Dangote President has promised that apart from establishing the cement factory, his company will also invest in its social responsibility obligations by building a hospital and a school in Masaiti.
And Senior Chief Chiwala says he is a proud traditional leader to witness the birth of huge company in his area.
The Senior Chief thanked President Banda and Mr Mutati for attracting Dangote to invest in Masaiti.