Its annual growth rate over the last two years has been over 50 per cent per annum which puts it as the fastest-growing industry in the country. |
The smelters will require 25000 tons of charcoal per annum which will be produced in retorts supplied by the Belgium company, Lambiotte. |
The target is moderate, considering that tax revenues have increased by an average 14.2 percent per annum over the past three years. |
The interest accumulates on a daily basis and the rate is 11.75 per cent per annum. |
However, revenues are expected to grow at over 100 per cent per annum for the next three years. |
The emphasis is on secure long-term investment and the guaranteed returns are currently as low as four per cent per annum. |