Zimbabwe News Update
expressmail
2 min read
Speaking soon after signing usd1 billion multi-sector investment agreement in harare wednesday , dangote outlined plans for major projects in cement production, power generation, petroleum pipelines, oil refining and fertilizer manufacturing. The nigerian billionaire said the scale of his group’s commitment mirrors zimbabwe’s improved economic climate compared to his initial visit in 2015, during which he had expressed concerns over bureaucracy and lack of clarity in policy implementation. “this time, i can say without hesitation that zimbabwe has passed the exam,” dangote said. “the second republic has demonstrated transparency and seriousness in creating a conducive environment for investors.
President mnangagwa’s reforms have boosted confidence and opened the door for sustainable partnerships.” dangote highlighted that the largest component of the investment would go toward the petroleum pipeline and refinery projects designed to enhance energy security and regional fuel supply efficiency. He noted that such projects were only feasible under a stable and investor-friendly regime. “we are not just investing in zimbabwe; we are investing in a government that listens and acts,” he added. “the consistency in policy direction and openness to dialogue are key to attracting long-term capital.” information secretary nick mangwana also lauded the development, saying dangote’s remarks were a strong endorsement of president mnangagwa’s economic reforms.
The deal marks one of the largest private sector commitments since 2018 and is expected to create thousands of jobs while boosting zimbabwe’s industrial and energy capacities. Observers say dangote’s renewed interest is a sign of growing confidence among global investors in zimbabwe’s economic turnaround, particularly as the government continues to implement policy reforms aimed at easing the cost of doing business and ensuring transparency. The visit was facilitated by journalist cum business facilitator josey mahachi and renowned financial engineer and bard santner inc chief executive senziweni sikhosana serves as the transactions manager. Source: expressmail zimbabwe
