Zimbabwe News Update
expressmail
13 min read
Senziwani Sikhosana, Bard Santner Markets Inc Chief Executive.BusinessNewsSenziwani Sikhosana, Bard Santner Markets Inc Chief Executive.By Staff ReporterPRESIDENT Emmerson Mnangagwa has given the green light to Nigerian billionaire Mr. Aliko Dangote’s official visit to Zimbabwe, marking a major step towards finalizing his planned US$1 billion investment deal in cement manufacturing, coal mining and power generation project.The high-level visit expected soon is facilitated by Bard Santner Markets Incorporated and Zimbabwean journalist-cum-business adviser Ms.
Josephine Mahachi.It is supported by Presidential Investment Advisor Dr Paul Tungwarara and government.President Mnangagwa has now given his greenlight for Dangote to come to Harare to meet over the investment proposal.The proposed investment deal aligns with President Mnangagwa’s Vision 2030, which aims to transform Zimbabwe into an empowered, modern, and prosperous upper-middle-income economy.Tungwarara said President Mnangagwa has approved the visit, reaffirming the Government’s commitment to attracting meaningful, high-impact investors.“The richest man in Africa is coming to Zimbabwe at the invitation of President Mnangagwa. The two have been in constant communication and we are presently working on the logistical aspects of the visit.
We are keen to ensure that he makes a significant investment in Zimbabwe and avoid what happened during his previous visit in 2015, when he came but did not return,” said Tungwarara.Sources revealed that the Dangote Group plans to establish a fully integrated cement factory, a limestone quarry and grinding plant, alongside a coal mine and power station — projects collectively estimated between US$800 million and US$1 billion.Ms Mahachi confirmed that the visit had received official approval from the President, paving the way for Mr.
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