In a significant boost for Zimbabwe’s economy, President Emmerson Mnangagwa has personally approved an official visit by Africa’s richest man, Aliko Dangote, to finalize a landmark investment package estimated at up to $1 billion.
The proposed investment by the Dangote Group, a Nigerian industrial conglomerate, targets strategic sectors including cement manufacturing, coal mining, and power generation. This aligns with the government’s Vision 2030 and signals a major vote of confidence in the country’s economic potential.
Presidential Investment Advisor, Dr. Paul Tungwarara, confirmed the high-level engagement, stating, “The richest man in Africa is coming to Zimbabwe at the invitation of President Mnangagwa.” He emphasized the government’s commitment to ensuring the deal is successfully concluded, unlike previous attempts in 2015 and 2018 that failed to materialize.
The deal, facilitated by financial firm Bard Santner Markets and local business adviser Josephine Mahachi, involves plans for a fully integrated cement plant, a limestone quarry, and a dedicated coal mine and power station. If realized, this would represent one of the largest foreign investments in Zimbabwe in recent years, promising job creation and critical infrastructure development.
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