The investment in this sector, which he explained as being outside the traditional mining sector, is to take advantage of the abundance of limestone in the country and work towards making Tanzania self-sufficient in cement production.
“We are excited for two major reasons. The first being that today’s event is a significant milestone for us in our quest to build a Pan Africa cement company. We are excited that an African company is making this investment in a sister African country. This indeed, shows that Africa is gradually taking its destiny in its own hands rather than wait for investors from outside Africa,” he said.