Staff Reporter
President Mnangagwa reiterated that the country was economically growing and would remain emboldened by the philosophy, ‘Nyika inovakwa nevene vayo, Ilizwe liyakhwa ngabanikazi balo’.
Speaking during the ground breaking ceremony of the Dinson Iron and Steel Company (DISCO) plant at Manhize, Midlands Province today, and President Mnangagwa said that the DISCO plant project was a culmination of the Second Republic’s bold decision to harness the mutually beneficial relations with China.
“It is my singular honour and privilege to be addressing you all at this Ground Breaking Ceremony of the long anticipated integrated Dinson Iron and Steel Company Plant, here in Chirumhanzu District of the Midlands Province. This signature project is a culmination of the Second Republic’s bold decision to harness the mutually beneficial, comprehensive and strategic relations between Zimbabwe and the People’s Republic of China,” said President Mnangagwa.
The President added that the ground breaking ceremony was occurring against a backdrop of an array of new investments and exploration projects, while the resuscitation of old mines was gathering momentum. He added that the Iron and Steel manufacturing plant being established in Manhize was a paradigm shift milestone in the country’s journey towards modernisation and industrialisation.
President Mnangagwa commended the DISCO plant project and said it constituted a critical building block towards the realisation of the US$12 billion mining economy and Vision 2030.
The President added that through DISCO plant project, Zimbabwe would now host one of the largest iron and steel manufacturing plant on the continent. He said the project was expected to produce about 600 000 tonnes of steel per annum, over and above other related products.
President Mnangagwa further recognised and acknowledged the Dinson Iron and Steel Company, a global entity in the sector, for the confidence it continues to show in the policies of the Second Republic through its increased investments.
According to President Mnangagwa, a new Smart City is envisaged to be developed and would be anchored by DISCO plant project. He added that going forward and guided by the work ethic of the Second Republic, Government Ministries, Departments and Agencies are directed to accelerate the finalisation of the master plan of the proposed Smart City.
Meanwhile, the operation of the DISCO plant is expected to create employment and empowerment opportunities among other aspects, and will undoubtedly go a long way towards improving the quality of life of people, especially women and the youth.
