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The Dangote Group has agreed on a $1 billion deal with Zimbabwe to establish an integrated industrial complex, marking a major boost for the country’s Vision 2030 industrialization agenda. The investment spans cement production, mining, and energy, including a cement factory with a limestone quarry, a coal mine, and a power station to support operations and strengthen the national energy supply. This integrated approach is strategically designed to bolster Zimbabwe’s manufacturing capabilities while simultaneously tackling its persistent energy and infrastructure deficits. The project aims to reduce reliance on imports, expand local manufacturing, and generate thousands of jobs, particularly for youth. By fostering local supply chains and supporting small and medium enterprises, the complex is expected to stimulate economic growth.
Nairametrics