Online Reporter
Debra Matabvu
President Mnangagwa has met Nigerian billionaire Mr Aliko Dangote at State House in Harare today, with the two discussing and exploring opportunities to establish a vast cement, coal mining, and power generation complex in a deal worth about US$1 billion.
In attendance were various Cabinet Ministers, including the Ministers of Finance, Economic Development and Investment Promotion; Foreign Affairs and International Trade; and Justice, Legal and Parliamentary Affairs, among others.
President Mnangagwa and the businessman will also witness the signing of a number of Memoranda of Understanding (MoUs) today.
Mr Dangote, who owns the Dangote Group, intends to build a cement factory, limestone quarry and grinding plant, coal mine, and power station.
The projects will be valued at between US$800 million and US$1 billion.
The billionaire runs Dangote Industries Limited, a Lagos-based diversified conglomerate with extensive business interests in the cement, flour, sugar, salt, pasta, beverages, fertiliser, real estate, oil and gas sectors, as well as logistics.
Its operations span other critical business interests, including a large oil refinery, petrochemical plant, and fertiliser complex in Nigeria and 16 other African countries.
Mr Dangote previously visited Zimbabwe in 2015 and 2018 in a bid to invest in the same areas, but the plans did not materialise at the time.
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