In a major boost to Zimbabwe’s industrial and economic growth, the Aliko Dangote–led Dangote Group has officially sealed an investment agreement worth over US$1 billion with the Government of Zimbabwe, both parties confirmed on Monday.
The landmark deal will see the establishment of a massive industrial complex in Zimbabwe, comprising:
🏗️ A cement manufacturing plant
⛏️ A limestone quarry and grinding facility
⚡ A coal-fired power generation station
🔥 And a coal mining operation to support industrial production
As part of his broader Southern Africa expansion strategy, Dangote also revealed plans for a petroleum pipeline project stretching from Nigeria to Namibia’s Walvis Bay, and eventually to Zimbabwe, to enhance regional energy integration.
This agreement marks a historic milestone following Dangote’s previous investment efforts in 2015 and 2018, which were hindered by regulatory and licensing challenges.
The new partnership underscores Zimbabwe’s growing appeal as an investment destination and reflects the government’s commitment to industrialization, energy development, and economic transformation.
