Zimbabwe: Why Dangote's $1bn Deal Is a Big Deal for Zimbabwe's Economy

Zimbabwe: Why Dangote's $1bn Deal Is a Big Deal for Zimbabwe's Economy

HARARE -- The entry of Africa's richest man into Zimbabwe's economy has ignited remarkable hype in the country's reconstruction process after decades of economic regression, precipitated largely by damaging sanctions imposed on the southern African country by Western countries.

Why Dangote’s $1bn deal is a big deal for Zimbabwe’s economy

HARARE – The entry of Africa’s richest man into Zimbabwe’s economy has ignited remarkable hype in the country’s reconstruction process after decades of economic regression, precipitated largely by damaging sanctions imposed on the southern African country by Western countries. Aliko Dangote, whose net worth reached $30.3 billion in October, making him the first African to hit this milestone, has set his focus on investing in Zimbabwe’s key econo…