15 January 2016

Zimbabwe: Nigeria's Dangote to Start Multi-Million Operations in Zimbabwe

Nigeria's Dangote Group is set to begin operations in Zimbabwe soon.

This was said by the chief strategist of the multi-billion dollar company, Abdu Mukhtar, who is currently in the southern African country's capital Harare.

According to a Herald report, Mukhtar said the group felt "comfortable and excited" about investing in the country.

"Everything is on track... we will be coming in and out [of Zimbabwe] to do all sorts of things as we kick start the projects," Mukhtar was quoted as saying.

Owner of Dangote Group, Aliko Dangote, indicated in August last year that he planned mining and power generation projects in the investment-starved Zimbabwe, as well as to set up a large cement factory.

The Nigerian billionaire said he would spend close to $400m on the cement plant, which will produce a million and half tons of cement a year, making it the biggest in country.

Dangote said this after he met with President Robert Mugabe.

He said the investment package would create jobs and "help Zimbabwe to develop their own economy".

Source: News24 Nigeria

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