The Dangote Group, led by Africa’s richest man, Aliko Dangote, has signed a $1 billion investment agreement with the Government of Zimbabwe to establish an integrated industrial complex. The project aligns with President Emmerson Mnangagwa’s Vision 2030 agenda to transform Zimbabwe into an industrialized, upper-middle-income economy.
Spanning multiple sectors; cement production, energy, and mining, the project will strengthen Zimbabwe’s manufacturing base and address infrastructure and power challenges. It includes a fully integrated cement plant with a limestone quarry and grinding facility, alongside a coal mine and power station to support operations.
The investment is expected to create thousands of jobs and stimulate local value chains across logistics, raw materials, and construction. Valued between $800 million and $1 billion, it ranks among Zimbabwe’s largest private-sector investments.
This deal follows renewed talks during the Afreximbank Annual Meetings in Abuja and underscores Dangote’s growing pan-African industrial footprint.
