Johnson Progress

Africa’s richest man, Aliko Dangote, has arrived in Harare to finalize a landmark $1 billion investment deal, marking a significant milestone for Zimbabwe’s industrial growth.

The mega-project aims to establish an integrated industrial complex, featuring a cement plant, coal mine, and power station, which is expected to create thousands of jobs and boost the country’s economy.

Dangote was welcomed by key government officials, including Presidential Investment Advisor Dr. Tempter Paul Tungwarara, and representatives from Bard Santner Markets Inc., highlighting the strong public-private sector partnership driving Zimbabwe’s Vision 2030.

This initiative aligns with President Emmerson Mnangagwa’s goal of transforming Zimbabwe into an upper-middle-income economy.

The project is expected to have a significant impact on Zimbabwe’s industrial sector, with the cement plant alone potentially reducing the country’s annual import bill by $100 million.

The power station will help address chronic power shortages, while the coal mine will provide a reliable source of energy.

Dangote’s visit is seen as a vote of confidence in Zimbabwe’s economic prospects, with many welcoming the investment as a boost to job creation and economic growth.

The deal is expected to be finalized during Dangote’s meeting with President Mnangagwa, with discussions focusing on mining concessions, tax incentives, and investment guarantees.