Africa richest man, Alhaji Aliko Dangote, don sign $1 billion deal with Zimbabwe government to build one big industrial complex wey go carry cement factory, coal mine and power station join body.
The project go help boost Zimbabwe plan under President Emmerson Mnangagwa “Vision 2030” wey dey target to make the country industrial and better economy before ten years go reach.
Government talk say the Dangote investment go touch plenty sectors — from cement production, energy, to mining — and e go reduce how dem dey import cement while e go create thousands of jobs for youths.
Wetin the Project Go Carry
The plan na to build one full cement factory with quarry and grinding plant, plus one coal mine and power station wey go provide light for both Dangote operations and national grid.
Officials say the total project cost go reach between $800 million and $1 billion — one of the biggest private investment wey Zimbabwe don see for years.
Dem also talk say Dangote go get tax incentive and full security for him investment, and the government go make sure environment dey smooth for business to grow.
Backstory
This new deal come after Dangote meet Zimbabwe officials for the Afreximbank Annual Meeting for Abuja this year. E no be the first time Dangote go Zimbabwe — he don visit for 2015 and 2018 before, but e no work that time.
Dangote Industries still dey expand for Africa. For Nigeria, dem don partner with Thyssenkrupp to build four new fertilizer plants and dem refinery for Lagos wey dey produce 650,000 barrels per day go soon double to 1.4 million barrels per day.
