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Dangote's visit to Zimbabwe gets Mnangagwa greenlight
3 hrs ago |
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President Emmerson Mnangagwa has officially approved a high-profile visit by Nigerian billionaire and Africa's richest man, Mr Aliko Dangote, marking a significant milestone toward a potential US$1 billion investment package spanning cement manufacturing, coal mining, and power generation.
The landmark visit - facilitated by Bard Santner Markets Inc. in partnership with Zimbabwean journalist and business adviser Mrs Josephine Mahachi - is expected to open a new chapter in Zimbabwe's drive to attract large-scale foreign investment.
The proposed deal aligns with President Mnangagwa's Vision 2030 agenda, which aims to transform Zimbabwe into an empowered, modern, and prosperous upper-middle-income economy.
Mrs Mahachi confirmed that the President had granted official approval for Mr Dangote's visit, paving the way for direct engagements with the Head of State and senior Government officials to finalise an investment roadmap.
"As much as I had hoped to keep this confidential until the right moment, it has proven challenging given the stature of the individual involved," said Mrs Mahachi.
"As you may recall, I played a key role in facilitating Mr Aliko Dangote's visit in 2015, and I firmly believe that everything unfolds in God's perfect timing.
"I am pleased to confirm that Mr Dangote will be returning to Zimbabwe in the near future to explore new investment opportunities. While the exact date is yet to be finalised, a formal mandate has already been signed.
"This time, I have partnered with Bard Santner Incorporated, a distinguished financial institution, to ensure a seamless and well-coordinated process. Furthermore, we are working directly with His Excellency President ED Mnangagwa through his investment adviser, Dr Paul Tungwarara," she added.
Presidential Investment Adviser Dr Paul Tungwarara confirmed the development, saying the Government had prioritised the visit as part of its broader economic re-engagement and industrialisation efforts.
"The richest man in Africa is coming to Zimbabwe at the invitation of President Mnangagwa," said Dr Tungwarara.
"The two have been in constant communication, and we are presently working on the logistical aspects of the visit. We are keen to ensure that he makes a significant investment in Zimbabwe and avoid what happened during his previous visit in 2015, when he came but did not return."
Mr Dangote's renewed interest comes a decade after his initial visit in 2015, during which he expressed plans to invest in cement production and energy. This time, officials say, discussions have advanced further - reflecting improved investor confidence under the Second Republic's "Zimbabwe is Open for Business" policy.
Economic observers view the development as a potential game-changer for Zimbabwe's industrial landscape, with the proposed projects expected to create thousands of jobs, boost infrastructure, and support domestic energy security.
The landmark visit - facilitated by Bard Santner Markets Inc. in partnership with Zimbabwean journalist and business adviser Mrs Josephine Mahachi - is expected to open a new chapter in Zimbabwe's drive to attract large-scale foreign investment.
The proposed deal aligns with President Mnangagwa's Vision 2030 agenda, which aims to transform Zimbabwe into an empowered, modern, and prosperous upper-middle-income economy.
Mrs Mahachi confirmed that the President had granted official approval for Mr Dangote's visit, paving the way for direct engagements with the Head of State and senior Government officials to finalise an investment roadmap.
"As much as I had hoped to keep this confidential until the right moment, it has proven challenging given the stature of the individual involved," said Mrs Mahachi.
"As you may recall, I played a key role in facilitating Mr Aliko Dangote's visit in 2015, and I firmly believe that everything unfolds in God's perfect timing.
"This time, I have partnered with Bard Santner Incorporated, a distinguished financial institution, to ensure a seamless and well-coordinated process. Furthermore, we are working directly with His Excellency President ED Mnangagwa through his investment adviser, Dr Paul Tungwarara," she added.
Presidential Investment Adviser Dr Paul Tungwarara confirmed the development, saying the Government had prioritised the visit as part of its broader economic re-engagement and industrialisation efforts.
"The richest man in Africa is coming to Zimbabwe at the invitation of President Mnangagwa," said Dr Tungwarara.
"The two have been in constant communication, and we are presently working on the logistical aspects of the visit. We are keen to ensure that he makes a significant investment in Zimbabwe and avoid what happened during his previous visit in 2015, when he came but did not return."
Mr Dangote's renewed interest comes a decade after his initial visit in 2015, during which he expressed plans to invest in cement production and energy. This time, officials say, discussions have advanced further - reflecting improved investor confidence under the Second Republic's "Zimbabwe is Open for Business" policy.
Economic observers view the development as a potential game-changer for Zimbabwe's industrial landscape, with the proposed projects expected to create thousands of jobs, boost infrastructure, and support domestic energy security.
Source - The Herald
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