President of Dangote Group, Aliko Dangote has disclosed his plans to build a cement plant in Zimbabwe. The plant whose construction will begin in the first quarter of 2016 will produce 1.5 million tonnes of cement annually.
Speaking to journalists in Harare after a meeting with the nation’s Vice President Emmerson Mnangagwa, Dangote said;
We’ve already decided to invest into Zimbabwe – that’s why we are here. Any country where you see us visiting it means, yes, we’ve decided to invest.
Dangote is due to meet with President Robert Mugabe to further discuss his plans. Apart from the cement project, the Africa’s richest man also intends to invest in coal and power in Zimbabwe. The investment, according to analysts will give the plunging Zimbabwean economy a major boost.