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Aliko Dangote pledges $1B in Zimbabwe for cement, power, fuel pipeline, and fertilizer amid improved governance.
Aliko Dangote, Africa’s richest man, has announced plans to invest over $1 billion in Zimbabwe, including a cement plant, power generation, a fuel pipeline from Namibia’s Walvis Bay, and fertilizer production.
The deal, signed during a meeting with President Emmerson Mnangagwa, marks a major comeback after failed attempts in 2015 due to bureaucracy and corruption.
Dangote cited improved governance and economic reforms under Mnangagwa as key reasons for renewed confidence.
The project aims to boost infrastructure, energy access, and regional trade, positioning Zimbabwe as a potential hub for oil and fertilizer distribution.
Aliko Dangote promete $ 1B en Zimbabue para cemento, energía, tubería de combustible y fertilizantes en medio de una mejor gobernanza.