Friday, May 18, 2018

Mnangagwa endorses $5,2bn coal-to-liquid project

PRESIDENT Emmerson Mnangagwa yesterday endorsed a $5,2 billion coal-to-liquid project deal signed between Verify Engineering and South Africa’s Nkosikhona Holdings.
The joint venture will see a coal to fuel plant being established in Zimbabwe.
Speaking at the signing ceremony in Harare, Mnangagwa said the project would help Zimbabwe become self-sufficient in fuel manufacturing.
“I am confident that this project will contribute to our energy security and self-sufficiency in terms of liquid fuels, fertiliser and a range of other chemicals,” he said.
Mnangagwa said the investment will create employment, stimulate productivity and growth of other sectors like agriculture, manufacturing and mining.