The good news coming through from Zimbabwe is that Africa's richest man, Aliko Dangote, has indicated plans to build a cement factory in Zimbabwe.
Mr. Dangote disclosed this on Monday after a closed-door meeting with Zimbabwe's vice president, Emmerson Mnangagwa.
Reuters report that Mr Dangote said the proposed plant would produce 1.5 million tonnes of cement yearly,
"We've already decided to invest in Zimbabwe, that's why we are here," he was quoted as saying.
Mr. Dangote is billed to meet Zimbabwe's President Robert Mugabe soon.
Although he did not state the estimated cost of the new plant, he affirmed that construction would commence in 2016, following the government's approval.
The investment will probably see the resuscitation of the Zimbabwean economy.
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| Mr Aliko Dangote plans To Invest In Zimbabwe |
Mr Dangote is walking the talk about investing in Africa as he also plans to invest in coal mining and power generation in the South African region.
Mr. Dangote disclosed this on Monday after a closed-door meeting with Zimbabwe's vice president, Emmerson Mnangagwa.
Reuters report that Mr Dangote said the proposed plant would produce 1.5 million tonnes of cement yearly,
"We've already decided to invest in Zimbabwe, that's why we are here," he was quoted as saying.
Mr. Dangote is billed to meet Zimbabwe's President Robert Mugabe soon.
Although he did not state the estimated cost of the new plant, he affirmed that construction would commence in 2016, following the government's approval.
The investment will probably see the resuscitation of the Zimbabwean economy.
Source: Reuters
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