akaDolly
09 Sep 2015
Billionaire investing in Zimbabwe Aliko DangoteDangote Group in meetings with Zimbabwe Ministry to ensure there are no delays in the deals they have already discussedSome indications on the net suggest looking at unfavourable investment policy whereby foreign companies only allowed to own 49% of the company. The situation that we have with AFriag. Ministers say that the laws will not be bent for Dangote but Dangote people seem to be saying they are leaving the country until the deals have been signedDangote is reputed to be Africas' richest man09 Sept 2015www.allafrica.com/stories/201509090199.htmlwww.newsday.co.zw/2015/09/01/dangote-eyes-mega-investments-in-zim/Dangote eyes mega investments in ZimSeptember 1, 2015 in National, NewsEmail, RSS FollowinShare5Nigerian billionaire Aliko Dangote says his group will set up an integrated cement plant, coal and energyprojects in Zimbabwe in a major boost for the country’s efforts in securing foreign direct investment (FDI).BY NDAMU SANDU/AARON UFUMELIDangote, Africa’s richest man with a net worth of $17,2 billion according to Forbes Magazine, flew into Zimbabwe yesterday, where he met a number of ministers, winding up after meeting President Robert Mugabe at State House.He was in the country to scout for opportunities and invest “like we have been doing in all the other African countries”.Dangote told journalists yesterday after meeting Mugabe that the investments would take place “as soon as we get permits” adding that the government had promised to accelerate the process.Aliko Dangote with Emmerson Mnangagwa“As soon as we get things right, we will move. We are not here looking to invest. We have already made up our minds to invest so we are here and we will invest,” he said.Dangote said his team would be back in the country to finalise on the projects “to create jobs and also help Zimbabwe develop its economy”.“On cement, we have options looking at areas where there is limestone, gypsum . . . these are the areas that we will look at,” he said adding that his group would set up a coal-fired power station.In an earlier interview after meeting Vice-President Emmerson Mnangagwa, Dangote said the cement plant would be bigger than all the plants the group has.“We want to set up an integrated cement plant here that will be bigger than all the plants that we have. We look at setting up something that can translate into a million and half tonnes so that even when we continue to use cement, there won’t be a shortage of cement here. We will make cement available,” he said. Dangote said the coal his plant was using in Zambia was being imported from Zimbabwe and it was, therefore, prudent to invest in coal locally.The Dangote Group has cement manufacturing plants in South Africa, Zambia, Senegal, Ethiopia, Congo Republic, Gabon and Tanzania.The group also has bulk cement packaging terminals in Accra (Ghana), Monrovia (Liberia), Freetown (Sierra Leone) and Abidjan (Ivory Coast).It also has bulk cement import or export terminals in Port Harcourt and Lagos in Nigeria.The Dangote Group is also into sugar refining, salt refining, flour and semolina milling, and noodles and pasta manufacturing, among others.Dangote also met Foreign Affairs minister Simbarashe Mumbengegwi, Energy and Power Development minister Samuel Undenge, Tourism minister Walter Mzembi, Mines and Mining Development minister Walter Chidakwa and Transport and Infrastructure Development minister Obert Mpofu.The proposed investment is a major boost for the country that is seeking FDI to help rebuild its economy.Zimbabwe has been trailing regional neighbours in terms of FDI inflows, as potential investors cite policy inconsistencies and threats caused by the empowerment legislation. The legislation stipulates that at least 51% of all companies operating in the country should be in the hands of locals.Last year, Zimbabwe recorded FDI inflows of $545 millio
akaDolly
09 Sep 2015
Fresh to Go Looks like somebody lent all their holdings out for shortingwww.freshtogo.co.za/
akaDolly
07 Sep 2015
Nestle and the Cheese company Did Afriag get an exclusive deal for transporting Nestle products and a cheese product?
akaDolly
05 Sep 2015
Re: of interest to MozbifAgriterra? www.reneweconomy.com.au/2015/tobacco-aviation-biofuel-ready-for-takeoff-after-25-years-of-rd-26878Same link, interesting to see it has been tested in several countries. As well as US could imagine Cuba and Guatemala. Could be good trade there between SA and those two. Guatemala recently expanding their container portLooking again, it is not just waste that is used for animal feed, c33% oil and 67% animal feed. Also says it is grown to be tolerant to salt/salinity. I would expect then it has been tested in area of Australia,. One good crop where no other will grow, crops three times a year, not sure how that worksNot only aviation fuel but also diesel (products)Paul de Robillard involvement?
akaDolly
05 Sep 2015
of interest to MozbifAgriterra? In the link below, re the biofuel from tobacco plant. The plants have been engineered to push all the strength into the plant seed. This in turn being harvested for its oil. The waste of this product, nicotine free and non GMO is being investigated as being added to animal feedwww.reneweconomy.com.au/2015/tobacco-aviation-biofuel-ready-for-takeoff-after-25-years-of-rd-26878
akaDolly
05 Sep 2015
S'th Africa Airways to use Tobacco biofuel coming from............................tobacco leaf crops, Could imagine a lot of logistics transporting fertiliser and crop, going to be needed hereAfter several years research South African farmers are about to harvest their first crop. This was reported in SouthAfrica info link dated December 2014SOUTH AFRICA Info - extract fromwww.southafrica.info/business/trends/innovations/saa-biofuel-101214.htm#.VesaJhFViko10 December 2014South African farmers would soon harvest their first crop of energy-rich tobacco plants, an important step towards using the plants to make sustainable aviation biofuel, South African Airways (SAA) and American aeroplane maker Boeing announced yesterday.SAA and Boeing, along with partners SkyNRG and Sunchem SA, also officially launched Project Solaris, their collaborative effort to develop an aviation biofuel supply chain using a nicotine-free, GMO-free tobacco plant called Solaris.Company representatives and industry stakeholders visited commercial and community farms in Marble Hall, Limpopo Province, where 50 hectares of Solaris have been planted.The test crop will be harvested for the first time in December.Oil from the plant's seeds may be converted into bio-jet fuel as early as 2015, with a test flight by SAA as soon as practicable.Read more: [link] dated 3 September 2015. Biofuel from tobacco grown in Limpopo SA, after 25 years R&D, Italian company and US Boeingreneweconomy.com.au/2015/tobacco-aviation-biofuel-ready-for-takeoff-after-25-years-of-rd-26878
intothefire2007
18 Jul 2015
RE: Head count please- I have a few shares in Afri waiting for a positive update in the next few weeks
Michaelx105
19 Dec 2014
Why don't consolidations work?
Jamsponge
11 Dec 2014
Nick Lee
Michaelx105
05 Dec 2014
Kenny100 interesting to see where the money's invested. Where did you find that?
Michaelx105
19 Nov 2014
I just gave AFRI a BUY rating: Experienced BOD, relatively little competition, high demand for first world logistics, no debt, low risk, massive untapped market.. Will I be right? [link]
