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Dangote hits brick wall again

by Staff reporter
20 Apr 2018 at 07:29hrs | Views
Africa's richest man, Aliko Dangote, who expressed interest in tapping local investment opportunities, appears to be missing all his indicated investment targets, raising concerns that his Zimbabwean handler Joselyn Mahachi-Agbeniyi could be exploiting her links to the man to fertilise her political aspirations.

A team of geologists dispatched last week by the Nigerian billionaire to scout for coal mining in Zimbabwe, is alleged to have hit a brick wall following revelations that they could not find tangible resources in Matabeleland North, which would have served the whole Dangote group given its close proximity to Zambia.

A well-placed source told The Business Weekly that after failing to find coal reserves, the team then appealed to Mines and Mining Development Minister, Winston Chitando, to be given alternative areas to explore the resource.

This comes after Dangote has reportedly renewed interest to consummate $1, 5 billion worth of investment projects in Zimbabwe.

Source - Business Weekly