Zimbabwe News Update
expressmail
1 min read
Harare — africa ’s richest man aliko dangote on wednesday morning paid a courtesy call on president emmerson mnangagwa at state house to discuss a potential investment deal estimated at up to us$1 billion, express mail zim can report. The nigerian billionaire’s visit was facilitated by international journalist and business facilitator josey mahachi, with financial guru and bard santner inc chief executive senziwani sikhosana serving as transactions manager for the prospective deals. According to sources close to the discussions, dangote is exploring opportunities in cement manufacturing, coal mining and energy generation among other sectors.
“the combined projects are estimated to cost between us$800 million and us$1 billion, potentially creating thousands of jobs and boosting infrastructure development,” said an insider. Following his meeting with president mnangagwa, dangote reportedly held further engagements with sector ministers and senior government officials to refine details of the proposed investments. Under the second republic, led by president mnangagwa, analysts say the investment climate has improved with renewed efforts to attract large-scale foreign direct investment.Government has set a target of $8 billion on foreign currency receipts. Source: expressmail zimbabwe
