Nigerian billionaire Aliko Dangote plans to invest US$1 billion in Zimbabwe to develop projects in cement manufacturing, coal mining, and power generation.

The investment will create an integrated industrial complex aimed at boosting Zimbabwe’s construction and energy capacity. The deal is being arranged through Bard Santner Markets Inc and local business advisor Josephine Mahachi.

President Emmerson Mnangagwa has approved the proposal and invited Dangote to Zimbabwe in mid-November 2025 to finalize the agreement.

This marks Dangote’s renewed interest in Zimbabwe after earlier attempts in 2015 and 2018. Analysts say the new plan aligns with the country’s Vision 2030 industrialization goals and could generate thousands of jobs while easing power shortages.

Final project details, including site and capacity, are still under discussion. If completed, the initiative would be one of Zimbabwe’s largest private investments in years. Visit www.jocomms.com for more news.