President Emmerson Mnangagwa has announced a landmark investment partnership between the Zimbabwean government and the Dangote Group, led by Nigerian billionaire Aliko Dangote. This deal aims to accelerate industrialisation and boost economic growth in the country.
Focus on Key Sectors
The agreement, signed during Dangote’s visit to Harare, targets energy, cement, fertiliser, and infrastructure projects. For instance, a regional oil refinery and pipeline from Walvis Bay, Namibia, through several SADC countries is a flagship initiative. This project will not only improve energy security but also reduce import dependence.
Moreover, the Dangote Group plans to invest in fertiliser production. Consequently, Zimbabwe’s agriculture sector will strengthen, productivity will rise, and regional market access will expand. Additionally, cement and infrastructure developments will improve roads, industrial facilities, and housing, creating jobs and stimulating growth.
Building Investor Confidence
President Mnangagwa said the partnership highlights growing international trust in Zimbabwe’s investment climate. “The Dangote Group’s confidence in our economy shows strong support for our reforms,” he said. Furthermore, he added that the deal aligns with the government’s Vision 2030 strategy for sustainable growth.
Aliko Dangote praised Zimbabwe’s stability and workforce. “We are ready to partner with the government and people of Zimbabwe to unlock opportunities for the region,” he said.
Driving Sustainable Development
This collaboration is expected to boost regional energy security, industrialisation, and food production. Therefore, the projects will benefit Zimbabwe and southern Africa while supporting long-term economic sustainability.
Conclusion
The Dangote partnership positions Zimbabwe as a regional industrial hub. By combining private investment with local resources, the country can create jobs, diversify the economy, and strengthen regional integration, advancing Vision 2030 goals.
