Connect with us

Presidential Affairs

President Mnangagwa Greenlights Dangote’s Potential US$1 Billion Investment in Zimbabwe

Published

on

President Emmerson Mnangagwa has officially cleared the way for Nigerian industrialist Aliko Dangote to visit Zimbabwe, opening the door for a potential US$1 billion investment in the country.

The anticipated visit, coordinated by Bard Santner Markets Inc and Zimbabwean business adviser Mrs. Josephine Mahachi, is expected to solidify a multi-sector investment plan spanning cement production, coal mining, and power generation.

This major investment aligns with the government’s Vision 2030, which seeks to transform Zimbabwe into a prosperous upper-middle-income economy.

Confirmed Presidential Approval and Coordination

Mrs. Mahachi confirmed that President Mnangagwa had approved the visit, paving the way for Dangote and his team to engage directly with the President and senior officials.

“I can confirm that Mr. Dangote will return to Zimbabwe soon to explore strategic investment opportunities,” she said. “While the exact dates are still being finalized, a formal mandate has been signed. We are partnering with Bard Santner Incorporated to ensure the process is smooth and well-coordinated.”

Dr. Paul Tungwarara, Presidential Investment Advisor, highlighted the government’s commitment to the project. “Africa’s richest man is visiting Zimbabwe at the President’s invitation. Continuous communication is underway to finalize logistics and ensure a meaningful investment, avoiding setbacks from previous visits in 2015,” he explained.

Scope of the Proposed Investment

Sources indicate that the Dangote Group’s planned projects in Zimbabwe include:

A fully integrated cement factory

A limestone quarry and grinding plant

A coal mine

A dedicated power station

The total value of these initiatives is projected to range between US$800 million and US$1 billion.

A Second Chance for a Landmark Deal

Aliko Dangote, head of Dangote Industries Limited, is Africa’s wealthiest individual with diverse business interests in cement, sugar, fertilizers, oil, and gas across 16 African countries.

While previous visits to Zimbabwe in 2015 and 2018 did not lead to actual investments, the President’s direct support and the current structured facilitation have raised optimism that this attempt will finally result in a transformative deal for Zimbabwe’s economy.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Presidential Affairs

Cabinet Endorses Proposed Law That Could Extend Presidential Tenure to 2030

Published

on

By

Zimbabwe’s Cabinet has given the green light to draft legislation that could pave the way for President Emmerson Mnangagwa, now 83, to remain in office until at least 2030.

Under the proposed changes, the method of selecting a president would shift from a nationwide vote to an election by Members of Parliament. The bill also seeks to replace the current two five-year term limit with a maximum of two seven-year terms.

Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi said the proposals would first be subjected to public consultations before being tabled in Parliament.

Mnangagwa assumed power in 2017 following the military-assisted removal of former president Robert Mugabe. He won elections in 2018 and again in 2023. His current term is scheduled to end in 2028.

Government officials say the proposed constitutional amendments are intended to enhance governance efficiency and promote long-term political stability in Zimbabwe.

Continue Reading

Presidential Affairs

President Mnangagwa Wraps Up Dubai Trip After World Governments Summit

Published

on

By

President Emmerson Mnangagwa has returned home from Dubai after concluding a productive visit marked by his participation at the World Governments Summit (WGS) and a series of strategic investment-focused engagements.

Held under the theme “Shaping Future Governments,” the summit brought together world leaders, policymakers, and industry captains to exchange ideas on modern governance, economic reform, and sustainable development.

President Mnangagwa was among the distinguished global leaders invited to take part in high-level panel discussions, where he shared perspectives on governance innovation, economic transformation, technological advancement, and sustainable growth.

On the margins of the summit, the President held several meetings with senior executives and leaders of international corporations. During these engagements, he positioned Zimbabwe as an attractive investment destination, highlighting political stability, rich natural resources, and the ongoing economic reforms being implemented under the Second Republic.

The discussions generated notable investor interest across key sectors, including energy, mining, infrastructure, logistics, agriculture, and renewable energy, aligning with Zimbabwe’s broader industrialisation and economic growth agenda.

The visit also served to deepen bilateral relations between Zimbabwe and the United Arab Emirates, reinforcing diplomatic and economic cooperation with one of Zimbabwe’s major trade and investment partners in the Gulf region.

President Mnangagwa was bid farewell at Al Maktoum International Airport by UAE Minister of State Sheikh Shakhboot Bin Nahyan Al Nahyan, Zimbabwe’s Minister of Foreign Affairs and International Trade Professor Amon Murwira, and Zimbabwe’s Ambassador to the UAE, Mr Isaac Moyo.

Continue Reading

Presidential Affairs

We Please Ourselves, Not the West or East – President Mnangagwa

Published

on

President Emmerson Mnangagwa of Zimbabwe reaffirmed his country’s independent foreign policy during the Dubai World Summit on Tuesday, stating that Zimbabwe does not seek to align with either Western or Eastern powers, but will prioritize its own national interests.

The panel, moderated by American commentator Tucker Carlson, included the presidents of Sierra Leone, Julius Maada Bio, and Botswana.

The discussion focused on global power shifts, the growing influence of China versus the West, economic sanctions, sovereignty, and the state of democracy worldwide.

“Zimbabwe is not here to please the West or the East. We are here to please ourselves as a sovereign nation,” Mnangagwa told the audience.

“Our engagement with the world is based on mutual respect and shared interests, not dependency or control.”

President Mnangagwa said, “Zimbabwe will continue to seek partnerships and investment opportunities on terms that respect the country’s independence and development priorities.”

He reiterated that foreign aid and economic cooperation must not come with political conditions that compromise sovereignty.

The Zimbabwean leader’s remarks come amid intensifying global competition for influence in Africa, with both Western nations and Eastern powers expanding economic and political ties across the continent.

Other leaders on the panel highlighted similar themes of sovereignty and self-determination.

Sierra Leone’s President Julius Maada Bio stressed the importance of domestic decision-making in the face of global pressures, while Botswana’s president called for balanced engagement with both Western and Eastern powers to ensure sustainable development.

The Dubai World Summit, which gathered political and business leaders from across the globe, served as a platform for African heads of state to articulate their perspectives on navigating a multipolar world while safeguarding national interests.

Continue Reading

Trending