Dangote Zimbabwe Deal: $1 Billion Investment Expected

October 26, 2025 Ahmed Hassan - World News Editor World

Summary of the ​article: ⁤Aliko Dangote‘s Potential Investment ⁣in Zimbabwe

This article details Aliko Dangote’s renewed interest in investing considerably in Zimbabwe. Here’s a breakdown of the key points:

* Potential Investment: Dangote Group, led ‌by billionaire ‌Aliko ‌Dangote, is considering investing between US$800 million and US$1 billion in Zimbabwe.
* Proposed Projects: The investment would focus on:
* ‍A cement factory
⁣ ​* A limestone quarry ⁣and grinding plant
⁣ * A‍ coal mine
* A power station
* ‌ Alignment with Government goals: The investment aligns with the Zimbabwean government’s‌ vision for a prosperous country by ⁢2030.
* Upcoming‍ visit: Mr.Dangote plans to visit⁤ Zimbabwe to meet with President Mnangagwa and ‍government officials to discuss the investment plan.
* Previous Attempts: ​ dangote previously explored investment opportunities in Zimbabwe in 2015 and 2018, but⁢ those plans didn’t materialize.
* Facilitators: The current investment plan is being facilitated ⁣by:
​ * Bard Santner Markets Inc: A local financial advisory firm.
* Josephine Mahachi: ​ A Zimbabwean journalist and business advisor.
* Initiation of⁣ Dialog: discussions began in June during the Afreximbank ⁣Annual ​Meetings in Abuja, Nigeria, where Dangote emphasized the importance of Pan-African investment⁢ and the African Continental Free Trade Area (AfCFTA).
* AfCFTA importance: ⁢The investment⁤ is seen as beneficial due to the AfCFTA, which aims​ to ⁤boost intra-African trade and economic growth.
* Due Diligence: ‍Bard Santner representatives visited the Dangote Group in Nigeria to learn more about their operations in other African countries.
*⁣ Cautious Response: Bard Santner CEO Senziwani Sikhosana ​declined to comment extensively, stating it’s too early⁢ for public discussion.

In essence, the article highlights a potentially ‌significant economic boost for zimbabwe through substantial investment from one of Africa’s wealthiest individuals, facilitated by local expertise and driven by the opportunities presented by the AfCFTA.

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