Aliko Dangote is planning a $1 billion investment in Zimbabwe, focusing on cement production, coal mining, power generation, and a fuel pipeline.
After meeting with President Emmerson Mnangagwa in Harare, Dangote told reporters, “Mnangagwa has turned the economy around,” adding that the improvement gave his team “the confidence that this is the right time for us to come and invest.”
As reported by Bloomberg, the visit marks a renewed interest that Dangote first explored Zimbabwe in 2015, but plans at the time stalled under former President Robert Mugabe.
Videos shared by Zanu PF Celebs Official on Instagram showed Dangote being received at State House by the Presidential Special Advisor on Investment, Dr. Paul Tempter Tungwarara.
According to the platform, the visit aimed to “strengthen investment cooperation and accelerate Zimbabwe’s development.”
Bloomberg noted this new engagement reflects Zimbabwe’s focus on attracting large-scale investors by leveraging Dangote’s industrial power and broad reach across Africa.
