Dangote In Zimbabwe For US$1 Billion Cement, Mining And Power Investment Talks
Africa’s richest man, Aliko Dangote, arrived in Zimbabwe today for decisive talks with President Emmerson Mnangagwa, aimed at finalizing a proposed investment of up to US$1 billion.
The Nigerian billionaire is expected to unveil plans for a major industrial complex that will include cement manufacturing, limestone and coal mining, and power generation — a development poised to reshape Zimbabwe’s industrial landscape.
The discussions will focus on key investment terms such as mining concessions, licensing, taxation, expert work permits, and investment guarantees.
Confirming the visit, Presidential Investment Advisor Dr Paul Tungwarara said:
“I can confirm that Mr Dangote will meet the President tomorrow. He will also meet other senior officials from the Ministries of Finance, Economic Development and Investment Promotion, Industry and Commerce, as well as Lands, Agriculture, Fisheries, Water and Rural Development.”
According to the Herald, the Dangote Group plans to establish a cement plant supported by a limestone quarry and grinding unit, alongside a coal mine and power station.
The combined projects are estimated to cost between US$800 million and US$1 billion, and are expected to significantly boost Zimbabwe’s industrial output and energy supply.
Zimbabwe Investment and Development Agency (ZIDA) chief executive Mr Tafadzwa Chinamo welcomed the renewed interest, stating:
“We have noted growing interest from investors across Africa, who are exploring opportunities in Zimbabwe, and we welcome such engagements as part of a broader dialogue on regional cooperation and industrial growth.”
He emphasized that Zimbabwe’s investment agenda is focused on job creation, infrastructure development, and technology transfer.
Economist Mr Persistence Gwanyanya said the Government’s reforms to improve the ease of doing business are beginning to yield results.
“Given the country’s richness in natural resources, it’s unsurprising that Africa’s richest man continues to show interest in investing in Zimbabwe.
“Let us hope this time he will settle for something. We understand Mr Dangote has strong interests and footprints in the manufacturing sector, specifically sugar, cement, among others and opportunities to invest in these areas are abundant,” he said.
Mr Dangote previously visited Zimbabwe in 2015 and 2018 with similar investment intentions, but those efforts stalled due to regulatory and operational hurdles.
His renewed interest comes amid aggressive reforms by the Second Republic, aimed at improving the business climate and attracting foreign direct investment.
If successful, this visit could mark a turning point in Zimbabwe’s industrial revival — unlocking new opportunities for employment, infrastructure growth, and regional competitiveness.
