Dangote, Mnangagwa in talks over $1 billion Industrial Investment in Zimbabwe

Dangote

Aliko Dangote to establish a $1 billion industrial facility. This complex will combine cement manufacturing, coal extraction, and electricity production.

Discussions between representatives of Dangote and Zimbabwean officials were reportedly initiated at the Afreximbank Annual Meetings held in Abuja in June.

According to The Zimbabwean, Paul Tungwarara, who serves as the investment adviser to President Emmerson Mnangagwa, has confirmed that arrangements are being made for a significant meeting between the president and the prominent Nigerian entrepreneur.

He said, “The richest man in Africa is coming to Zimbabwe at the invitation of President Mnangagwa.

“The two have been in constant communication and we are presently working on the logistical aspects of the visit.

“We are keen to ensure that he makes a significant investment in Zimbabwe and avoid what happened during his previous visit in 2015, when he came but did not return.”

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