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The project includes a fertilizer plant and 2,000km-long pipeline from Namibia’s Walvis Bay, through Botswana, to Zimbabwe’s second-largest city, Bulawayo.
Nigerian billionaire Aliko Dangote has struck a landmark USD 1 billion investment deal with Zimbabwe. The project includes a fertiliser plant and 2,000km-long pipeline from Namibia’s Walvis Bay, through Botswana, to Zimbabwe’s second-largest city, Bulawayo.
Dangote met with President Emmerson Mnangagwa in Harare on Wednesday to sign a Memorandum of Understanding, marking one of the most significant private-sector investments in the country in years.
The deal underscores growing investor confidence in Mnangagwa’s economic reform agenda and brings the powerful West African conglomerate, headed by Africa’s richest man, deeper into the southern region.
A spokesperson for the president said the project could change Zimbabwe’s production structure with fuel cheaper to import. The agreement paves the way for major projects across energy, cement and fertiliser production, and infrastructure development.
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Dangote is already planning a major fuel storage facility in Walvis Bay, cutting Southern Africa’s dependence on fuel imports from Europe and Asia.