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Zimbabwe President Emmerson Mnangagwa had the pleasure of ground-breaking the US$1billion integrated Dinson Iron and Steel Industrial Park being established in Manhize, Chirumhanzu District, in Midlands Province. This joint venture with the Chinese is expected to produce 600 000 tons of steel per annum.
President Mnangagwa made the revelations in person after touring and checking the progress on the venture which he described as a mammoth investment with a “paradigm shifting milestone” in the country’s journey towards modernisation and industrialisation.
“Through this investment our country will now host one of the largest iron and steel manufacturing plants on the continent. It’s expected to produce about 600 000 tons of steel per annum, over and above other related products,” said President Mnangagwa.
“It (the project) is envisaged to leap-frog us to emerge as a dynamic industrial hub, churning out a broad range of value-added, ‘Made in Zimbabwe’ iron and steel products, for both local and international markets.”
This follows several other new investments and explorations, which have also resuscitated old mines.President Mnangagwa hence applauded China for continuing to support Zimbabwe, which has seen the country benefitting from a wide range of investments from Beijing across all sectors of the economy much more since the inception of the second Republic.
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