Zimbabwe News Update
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6 min read
Mr Aliko Dangote is a brand of global standing. The Nigerian (68) is Africa’s richest person, and number 73 globally, with a network of $30bn, according to the Bloomberg Billionaires Index.He owns Dangote Industries Ltd, which has interests in cement manufacturing, oil and gas refining and distribution, food processing, logistics, and real estate in 16 African countries.When a brand of his profile signals an intention to invest in a jurisdiction, that is a ringing endorsement of the investment climate of that jurisdiction.Mr Dangote, we reported yesterday, will soon visit our country to advance his quest to invest $1 billion in a cement factory, coal mine, and power plant.
He will meet President Mnangagwa and key ministers and Government officials during that visit.“As much as I had hoped to keep this confidential until the appropriate time,” said journalist-cum-business facilitator, Mrs Josephine Mahachi, who is organising Mr Dangote’s visit, “it has proven difficult given the prominence of the individual involved. As you may recall, I played a pivotal role in facilitating Mr Aliko Dangote’s visit in 2015, and I firmly believe that everything unfolds in God’s perfect timing.“I am pleased to confirm that Mr Dangote will be returning to Zimbabwe in the near future to explore new investment opportunities.
While the exact date is yet to be confirmed, a formal mandate has already been signed.”Indeed, his planned visit and aim to pour $1 billion into our economy underscore the point that the local investment climate is friendly.
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