Africa's richest man, Aliko Dangote, is set to invest $1 billion in a major industrial facility in Zimbabwe that will integrate cement production, coal mining, and electricity generation.
The project stems from talks initiated between Dangote representatives and Zimbabwean officials at the Afreximbank Annual Meetings in Abuja in June.
Paul Tungwarara, investment adviser to President Emmerson Mnangagwa, confirmed to The Zimbabwean that a high-level meeting between the president and the Nigerian billionaire is being arranged.
“The richest man in Africa is coming to Zimbabwe at the invitation of President Mnangagwa,” Tungwarara said."
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.”
