US EditionZimbabwe: Dangote Returns to Zimbabwe After a Decade, Says He Sees Transparency Now
The $1 billion investment includes a cement plant, coal mine, and power station to boost Zimbabwe's industrial growth with government-backed incentives.
- On Wednesday, Aliko Dangote arrived in Harare to finalise a US$1 billion investment deal with the Zimbabwean government, meeting President Emmerson Mnangagwa to settle mining concessions and guarantees.
- Past setbacks help explain the renewed push, as negotiations resumed after key points were resolved during Afreximbank annual meetings, Abuja , while earlier 2015 visit talks stalled amid alleged kickbacks and red tape.
- Project details show the package includes an integrated industrial complex and covers cement manufacturing, power generation, and petroleum supply using Dangote Industries Limited's refinery capacity.
- The government says the investment supports industrialisation to add value and create jobs, and officials note it could link Zimbabwe as a regional supply hub through Walvis Bay, Namibia; Dangote said financial details will follow.
- Given Dangote's scale, Bard Santner Markets Inc. led negotiations with CEO Senziwani Sikhosana and Josephine Mahachi, while Paul Tungwarara steered approvals, with Forbes ranking Dangote at $25.5 billion.
15 Articles
15 Articles
Zimbabwe: Dangote Returns to Zimbabwe After a Decade, Says He Sees Transparency Now
Africa's richest man, Aliko Dangote, has announced plans to invest over US$1 billion in Zimbabwe, saying he is confident in the country's renewed transparency and improved business climate, a sharp contrast to his first experience in 2015 when proposed deals collapsed amid bureaucracy and corruption.
Dangote plans transnational pipeline across Southern Africa – The Mail & Guardian
Nigerian billionaire Aliko Dangote is looking to make inroads into Southern Africa’s energy sector with a proposal to build a pipeline from Walvis Bay, Namibia, to the second-largest city in Zimbabwe, Bulawayo. Dangote and Zimbabwean President Emmerson Mnangagwa met in Harare on Wednesday, where they signed an agreement focused on energy, cement, fertiliser and infrastructure development. Presidential spokesperson, George Charamba, said, “a key …
Africa's richest man eyes R17.16 billion bet on Zimbabwe industrial project
Aliko Dangote, widely regarded as Africa’s wealthiest individual, is in Harare to finalise a sprawling US$1 billion (R17.16 billion) investment deal with the Zimbabwean government. Dangote to invest in Zimbabwe According to The Herald Online, Dangote’s planned investment centres on an integrated industrial complex that includes a cement plant, a coal mine and a power station. This marks a major step in Zimbabwe’s efforts at national industrialis…
Nigeria’s Dangote to Invest Over $1B in Zimbabwe’s Pipeline & other Key Infrastructures
Nigeria’s Dangote to Invest Over $1B in Zimbabwe’s Pipeline & other Key Infrastructures Daniel Onyango Fri, 11/14/2025 - 09:04 Africa’s richest man, Aliko Dangote, announced Wednesday that his Nigerian conglomerate, the Dangote Group , plans to invest at least $1 billion in a new petroleum pipeline, cement plant and power generation in Zimbabwe. Dangote, the group's founder and CEO, formalized the investment agreement during a meeting with Zimb…
Dangote Seals Over $1bn Investment Deal With Zimbabwe, Lauds Economic Reforms » News.ng
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has announced a major investment commitment in Zimbabwe valued at over $1 billion, covering key sectors such as cement production, power generation, and petroleum infrastructure. Speaking after signing a landmark agreement between Zimbabwe and the Dangote Group, the billionaire industrialist said the deal reflects his renewed confidence in Zimbabwe’s economic reforms and gov…
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