Chinese firm signs MoU for Masvingo plant, Zimbabwe

Masvingo Rural District Council has signed a Memorandum of Understanding with Xhing Xhong Cement Co of China for the establishment of a new cement plant in Zimbabwe.

“I can confirm that we’ve agreed with an investor who wants to establish a cement plant in Chief Charumbira’s area. We’ve signed a Memorandum of Understanding with the investor and it’s now left to them to start the project,” Martin Mubviro, CEO of Masvingo Rural District Council, was quoted by the  Chronicle (Zimbabwe) as saying.

Over 600 families are set to be displaced to make way for the factory, although the exact number will be ascertained after feasibility studies are complete, Mr Mubviro added. “The land where they should be resettled is yet to be identified."

Mr Mubviro further underlined that the new plant would not only provide employment, but major infrastructure improvements around Masvingo would be realised once cement operations begin, bringing economic gains to the province.