Dangote to seal US$1 billion Zimbabwe investment in cement, coal and power

HARARE – Nigerian billionaire Aliko Dangote is expected in Zimbabwe in mid-November after approving a package of investments in cement, coal and power generation worth about US$1 billion, the government said on Monday.

A delegation from local financial services firm Bard Santner, which will structure the deals, was in Nigeria on Monday laying the groundwork for the visit.

Paul Tungwarara, President Emmerson Mnangagwa’s investment adviser, told journalists that preparations were underway for meetings between Mnangagwa and the petroleum tycoon.

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