Sunday, March 26, 2023
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

    Botswana athletes to train in USA

    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    April will see 2nd Instalment of Summer Kids Marathon

    April will see 2nd Instalment of Summer Kids Marathon

    Trending Tags

    • Subscribe
    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports
      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

      Trending Tags

      • Subscribe
      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home News

      Cement Plant aims to cut Import Bill by nearly a billion

      Shingirai Madondo by Shingirai Madondo
      September 5, 2022
      in News
      Reading Time: 2 mins read
      0
      Cement Plant aims to cut Import Bill by nearly a billion
      Share on FacebookShare on Twitter
      • Cheetah to create 200 jobs by next June
      • Aims to export cement to Zim and other SADC countries

      FRANCISTOWN: A joint venture between a Chinese conglomerate and Namibian businessman Zedekias Gowaseb has vowed to play a key role in helping Botswana cut its cement imports to zero.

      Cheetah Cement Botswana (Pty) Ltd, which is situated 30km east of Francistown, is looking at June next year as the target date by which to have achieved this ambitious goal. According to the company’s General Manager, Hui Andy, Botswana’s annual cement requirement currently stands at 620, 000 tonnes, much of which is imported, especially after the closure of Matsiloje Portland Cement (MPC) in January 2018.

      MPC, which was owned by Northern Textiles (Pty) Ltd, had an annual turnover of P20 million at the height of its business. It closed shop in January 2018. It cited unsustainability due to competition from South African imports when it folded. “We are earmarking an annual output of 990, 000 tonnes of cement per annum as of June next year,” Hui told journalists on a media tour of the manufacturing plant of Cheetah organised by Botswana Investment and Trade Centre (BITC) recently.

      Cheetah Cement, which was persuaded to set up in Botswana by BITC, is a dry method process Portland cement and clinker production line company that aims to reduce Botswana’s import bill for building materials and to eventually export cement to Zimbabwe and other SADC countries. With an investment of USD40 million, Cheetah Cement started production in February this year and is currently producing at the rate of 25, 000 tonnes of cement per month.

      “For the first time in the history of Botswana, thousands of tonnes of cement will be exported to regional markets,” the CEO of BITC, Keletsositse Olebile, said on the media tour. “Botswana will reduce the import bill by over USD90 million on annual basis if we produce our own cement.” In addition to contribution to reducing the import bill, Olebile said the Cheetah plant is expected to create 200 or more direct jobs by June next year.

      Tags: Botswana Investment and Trade Centre (BITC)Cheetah Cement Botswana (Pty) LtdHui AndyKeletsositse OlebileMatsiloje Portland Cement (MPC)Zedekias Gowaseb

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      Recent News

      • March 24th Edition
      • March 17th Edition
      • NBFIRA Intervenes in BOPEU’s Controversial Insurance Deductions
      • The Sweet Nostalgia of The Goodiebag Factory
      • Wild Waters in the Blood: Nkashi Demystifies Poling

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact
      • Subscribe
      • E-edition

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?