Aliko Dangote is set to channel a massive $1 billion investment into Zimbabwe’s industrial sector. The ambitious project, focusing on cement manufacturing, coal mining, and power generation, marks a significant step in the Dangote Group’s strategy to expand its pan-African footprint. The project follows previous attempts in 2015 and 2018 that did not materialize, but has gained momentum after renewed discussions at the Afreximbank Annual Meetings in Abuja this June. President Emmerson Mnangagwa has personally invited the billionaire, and officials are actively preparing for his visit to finalize details. Key negotiations will center on securing critical investment incentives, including mining concessions and tax breaks. If successful, this venture would represent one of the largest private investments in Zimbabwe in more than a decade, potentially transforming supply chains across Africa.
Nairametrics
