President Mnangagwa announces a significant Dangote investment agreement to revolutionize Zimbabwe’s infrastructure, fertilizer, and energy sectors
President Mnangagwa extends a warm welcome to Aliko Dangote in Zimbabwe, marking a significant investment partnership in the sectors of energy, fertiliser, and infrastructure.
President Emmerson Dambudzo Mnangagwa has unveiled a significant investment partnership between the Government of Zimbabwe and Dangote Group, spearheaded by Nigerian billionaire Aliko Dangote, with the goal of propelling the nation’s industrialisation and economic transformation.
In a significant meeting held in Harare, President Mnangagwa welcomed Mr. Dangote, who is visiting Zimbabwe to investigate strategic investment opportunities in vital sectors of the economy. After thorough discussions, Zimbabwe and the Dangote Group have entered into a global cooperation agreement that emphasizes energy, cement, fertiliser, and infrastructure development.
President Mnangagwa highlighted that the partnership reflects an increasing trust in Zimbabwe’s investment environment and its continuous endeavors to develop a diversified, resilient economy in line with the reform agenda of the Second Republic. He characterized the collaboration as a definitive indication that Zimbabwe is “open for business” and remains appealing to serious international investors.
“We embrace this partnership as a significant step towards industrialisation, energy independence, and sustainable development in alignment with Vision 2030,” stated President Mnangagwa. “The Dangote Group’s trust in our economy serves as a strong affirmation of our policies and the advancements we are achieving towards a modern, prosperous, and empowered Zimbabwe.”
The new partnership’s major highlight is the regional oil refinery and pipeline project, which will start from Walvis Bay, Namibia, and pass through several SADC countries, including Zimbabwe. The initiative seeks to strengthen energy security in the region, decrease reliance on imports, and foster industrial development throughout southern Africa.
President Mnangagwa emphasized that the pipeline will benefit not just Zimbabwe, but will also act as a strategic energy corridor that connects the economies of the region and fosters regional integration.
The Dangote Group has shown a strong interest in Zimbabwe’s robust agricultural foundation and its capacity to emerge as a regional food security center within the fertiliser sector. Investing in local fertiliser production and processing facilities will enhance access to affordable inputs, increase productivity, and fortify Zimbabwe’s competitiveness in both regional and international markets.
The agreement encompasses plans for cement and infrastructure projects aimed at facilitating the construction of roads, industrial facilities, and housing, which are essential elements of Zimbabwe’s strategy for economic development and job creation.
Aliko Dangote praised Zimbabwe’s leadership for fostering a stable and welcoming environment for investors, expressing the group’s dedication to supporting the country’s long-term development.
Zimbabwe possesses significant potential and a robust workforce. “We are prepared to collaborate with the government and citizens of Zimbabwe to create opportunities that will benefit the whole region,” stated Mr. Dangote.
President Mnangagwa concluded by reiterating his government’s dedication to fostering investments that enhance energy independence, value addition, and sustainable development. The partnership, he stated, is in alignment with Vision 2030, which aims to elevate Zimbabwe to an upper-middle-income economy by means of industrialisation, innovation, and inclusive growth.
