Nigerian businessman Aliko Dangote has signed a landmark $1 billion investment deal with the Zimbabwean government to develop key sectors, including energy, cement, fertilizer, and infrastructure. This agreement marks a significant step towards advancing Zimbabwe’s Vision 2030 agenda, aimed at transforming the country into an industrialized, upper-middle-income economy.

The investment will cover various projects, such as:

– *Cement Production*: Establishing a fully integrated cement factory equipped with a limestone quarry and grinding plant to reduce reliance on imported cement and boost local construction output.

– *Energy Generation*: Developing a power station to support Dangote’s industrial operations and contribute to Zimbabwe’s energy supply.

– *Petroleum Infrastructure*: Building a pipeline to transport petroleum products, complementing Dangote’s plans to establish the world’s largest oil refinery.

– *Job Creation and Economic Growth*: The investment is expected to generate thousands of direct and indirect employment opportunities, particularly targeting youth unemployment, and drive local supply chain development.

Dangote’s investment decision comes after praising Zimbabwe’s improved transparency and governance under President Emmerson Mnangagwa’s administration. The deal signifies renewed confidence in Zimbabwe’s economy and potential for growth. This isn’t Dangote’s first attempt to invest in Zimbabwe; he had previously explored opportunities in 2015 but faced challenges. The latest agreement showcases Dangote’s commitment to expanding his operations across Africa, with operations in 17 countries