Aliko Dangote Signs $1 Billion Investment Deal with Zimbabwe to Develop Cement, Power, and Mining Projects

Aliko Dangote, Chairman of Dangote Industries Limited, has officially signed a landmark investment agreement worth $1 billion with the Government of Zimbabwe. The strategic partnership covers the establishment of a fully integrated cement manufacturing plant, a coal mining operation, and a power generation facility, marking a major milestone in Zimbabwe’s industrial and energy development drive.

The initiative aligns with President Emmerson Dambudzo Mnangagwa’s Vision 2030, which aims to transform Zimbabwe into an upper middle-income economy through industrialization, infrastructure expansion, and sustainable energy initiatives.

The integrated project is expected to create thousands of direct and indirect jobs, stimulate domestic value addition, and enhance the country’s self-sufficiency in cement and power supply. The coal and power components will provide critical support for both industrial and community energy needs, further strengthening Zimbabwe’s economic foundation.

Speaking on the partnership, Mr. Dangote emphasized that this investment marks a renewed confidence in Zimbabwe’s business environment, stating that he proceeded this time because “there is transparency” in the country’s current investment climate.

This development positions Dangote Industries as a key player in Zimbabwe’s industrial transformation and reinforces its long-term commitment to driving Africa’s manufacturing, energy, and mining sectors forward.