Finance bank owner to start producing cement
- Monday, July 6, 2009, 13:38
- Business
- 14 comments
Days of monopoly by Lafarge in cement production may just be over. Larfage has consistently been accused of polluting Chilanga
MAHTAN Group of Companies chairman, Rajan Mahtan, has disclosed that Zambezi Portlands Cement plant in Ndola will start production next month.
Speaking in Ndola yesterday, Dr Mahtan, said the impendiments that were holding the commencement of operations for the company have been resolved and operations will commemce by August 15, this year.
He said the plant will create employment and competition in the cement industry.
Dr Mahtan also revealed that the Mahtan group of companies have concluded negotiations with the Industrial Development Corporation of South Africa for the construction of a fullY fledged hospital in Lusaka in collaboration with the Morning Side clinic of south Africa.
He said the project will cost approximately K250 trillion.
He said the hospital project has been commenced to enable Zambians to be served medical requirements with humanity and dignity locally.
Dr Mahtan also disclosed that the Mahtan Group of Companies, in collaboration with Group 5 of South Africa, has embarked in the construction of over 3,000 houses in Lusaka under which project the civil servants will be given preference in honour of President Banda’s request.
He said the house construction project will cost about K750 billion.
He added that his group of companies through Finance Building Society one of the companies in the group is organising appropriate mortgage facilities for a period of 15 years to enable people acquire house loans.
And Dr Mahtan further disclosed that his Group of Companies will next year complete construction of a shopping mall in Ndola which will consist of cinemas and other social amenities.
He said the shopping mall will be completed in the next 18 months.
The Mahtan group of companies include Finance Bank, Finance Building Society Professional Insurance and Professional Life Assurance among others.
The company sponsored the presidential luncheon held in hounour of the Tanzanian President Jakaya Kikwete who was in the country to officiate at this year’s Zambia International Trade Fair in Ndola yesterday.
In attendance were President Rupiah Banda and his wife Thandiwe, cabinet ministers, Security chiefs, senior government officials and members of the business community from both Zambia and Tanzania.
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uko uko lets put more money in the pockets of people so that thesse projects will be viable… lets hope they take off.
Is this all we have to show for copper prices reaching $10,000 per tonne? Was there any due process in the awarding of Indeni, Zesco etc insurance contracts to Professional Insurance? Had KK done the same, where would have “less then 100 gradutes” pre independence Zambia been? No UTH, schools etc? Levy cheated Zambia out of a life time opportunity to develop from billions of dollars, that should have been raised from copper sales. Does it come as a surprise that he had to die in office despite suffering 2 or 3 strokes. Why didn’t his son, Patrick, ask his father to step down, if he cares so much? No prizes awarded for why Mwanawasa could not step down despite obvious signs of bad health. Selling majority shares in KCM for a chicken feed price of $25 million? KCM second biggest copper mine in the world, went just $25 million; in Kenya the former Finance minister is under investigation for under selling a mere hotel for $45 million dollars, what more for the worlds second biggest copper mine.
Mwenye good observetion
Good to hear that Rajan. Twapenga mu Zambia. Now let development come.
Mwenye,
What are you talking about? I am lost mwe! Many subjects within your too incoherent comment.
As of the article, I can only wish Mr Mahtan good luck because these are some fo the things institutions like ZSIC, NAPSA and Public Service Commission should have been doing. In the time of KK when we had ZSIC (and some ZNPF) omplexes in most districts, but since Chiluba’s time we have never seen any construction undertaken by these institutions.
Ba Watchdog, what has happened to the numbering of postings? Also, this sequence of having newer/later posts coming first does not encourage reading of earlier postings. So my suggestion is that let the sequence be reversed and can we also have some numbering.
They plunder the resources of their respective nations but perish in foreign countries.
A foreign investor has to point out that the country needs a specialist hospital to rival that of neighbouring South Africa. What exactly goes on in the minds of Zambian politicians? for them to get two and two to make four is as complex as standing the pyramind on it’s tip. Judge for yourselves.
this ka man has every succesive zambian goverment in his pocket.even if sata’s dream of going to state house was to come true.his victory luncheon will be hosted by mahtani.it’s just a pity that it will never happen.
Zambia must learn from Liberia. We must ban Sata and disciples from aspiring for any political office for his Chawama organized panga slashing and machete totting crimes against humanity. This was in his quest to impose a third term on Zambians against the national constitution.
Liberia: Civil War Panel Seeks to Ban President From Politics
By AGENCE FRANCE-PRESSE
The Truth and Reconciliation Commission recommended Monday that President Ellen Johnson Sirleaf be banned from holding public office for 30 years because of what it said was her role in a civil war.
In its final report, the panel investigating Liberia’s civil wars included Ms. Sirleaf’s name on a list of people it accused of being “the financiers and political leaders” of the warring factions.
In a hearing before the commission in February, Ms. Sirleaf denied having been a member of the rebel movement led by Charles Taylor, but said she had met him several times during Liberia’s conflicts and had collected funds for him while he was preparing to oust President Samuel Doe in the 1980s.
commendible mathan, reduce the monopoly larfage is enjoying
Musi stop your bigotry! Rajah is not a foreigner. He is a Ndola born and bred businessman. Why are so many Zambians backward kanshi?
Zambezi Portland cement who is the owner? Days are numbered for Rajar Mahtan.He sould tell the nation how he got Zambezi Portland Cement, thru crooked He sould say he is one of the share holder not his. He manourvered when he held that one of the shared has passed on in the name of LPM who he use to fear. Rajah Mahtan Made RB companies to go under. He is not a good.
Its time for us black Zambians to start pushing projects. Lets develop Zambia.
Its time for us black Zambians to start pushing projects. Lets develop Zambia, if you have any project in mind that can develop zambia let me know, we can approach investors to fund feasibility studiese for “steps to take to process angolan oil” our neighbours have oil, but we import it from the middle east. Does this make sense?