Mnangagwa signs biggest steel plant deal in Africa

The government of Zimbabwe is set to launch the biggest steel plant in Africa.

According to multiple sources, the steel plant will be built between Mvuma-Chivhu and Manhize.

The project will be carried by Tsingshan’s subsidiary, Dinson Iron and Steel Company which will be the largest steel plant in Southern Africa.

Already, siting for a dam along Munyati River, urban planning, logistical and other infrastructural development projects are underway in what is the fruition of one of President Mnangagwa’s flagship investment programmes under his Zimbabwe is open for business mantra.

 

According to multiple reports the US$1 billion investment project will have an annual turnover of US$1,5 billion from the processing plant and iron ore mine from next year.