Cynthia Ezegwu
Aliko Dangote, President and Chief Executive of the Dangote Group, has introduced plans to speculate as much as $1 billion in Zimbabwe to develop cement and energy vegetation, in addition to a gas pipeline.
Dangote disclosed the plans on Wednesday after a gathering with Zimbabwean President Emmerson Mnangagwa in Harare. “Mnangagwa has turned the economy around. That really gave us the confidence that this is the right time for us to come and invest,” he stated.
The go to, which was documented by Zimbabwean media on social media platforms, included an official reception on the State House by the Presidential Special Advisor on Investment, Dr. Paul Tempter Tungwarara. Discussions targeted on strengthening funding cooperation and accelerating Zimbabwe’s {economic} improvement agenda.
According to Bloomberg, Dangote’s deliberate investments will span cement manufacturing, coal mining, and energy technology. The engagement underscores Zimbabwe’s efforts to draw strategic investments by leveraging Dangote’s industrial capability and affect throughout Africa.
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Dangote had beforehand explored related investments in Zimbabwe in 2015, together with a $400 million cement plant with a processing capability of 1.5 million tons yearly. However, these plans didn’t materialise following negotiations with then-President Robert Mugabe.
The businessman has not too long ago expanded his footprint in Africa, signing a $2.4 billion fertiliser plant deal in Gode, Ethiopia, in August 2025. Construction started in October, with the ability anticipated to utilise Ethiopia’s considerable pure gasoline reserves from the Hilal and Calub fields to spice up agricultural productiveness, create jobs, and enhance meals safety throughout the Horn of Africa.
The proposed Zimbabwean investments are seen as a part of Dangote Group’s broader technique to deepen its industrial presence and promote {economic} progress throughout the continent.
