Nigerian Billionaire Dangote To Meet President Mnangagwa For Landmark US$1 Billion Investment Deal
Mr Aliko Dangote prepares for a extremely anticipated visit to Zimbabwe for a landmark US$1 billion funding deal. The African billionaire is scouting locations for a astronomical industrial complicated, a endeavor that sources estimate will most seemingly be price a staggering US$1 billion. This ability funding is decided to encompass cement manufacturing, coal mining, and energy technology, marking one in every of most predominant foreign reveal funding potentialities for the nation in recent times.
The landmark visit is being orchestrated by a consortium of local facilitators, alongside side the Harare-based mostly thoroughly financial advisory agency Bard Santner Markets Inc. and famed Zimbabwean enterprise facilitator Mrs Josephine Mahachi. Initial discussions are believed to beget been sparked at some stage within the Thirty 2d Afreximbank Annual Conferences in Abuja, Nigeria, this previous June.
A delegation from Bard Santner, led by Chief Executive Officer Mr Senziwani Sikhosana, seized the change to engage Mr Dangote straight. Following this, the executives undertook a tour of the Dangote Neighborhood’s operations in other nations to raised perceive the scale and scope of his enterprises.
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Dangote To Meet President Mnangagwa For Landmark US$1 Billion Investment Deal
When approached for commentary on the improved negotiations, the facilitating events maintained a stance of cautious optimism. Mr Sikhosana of Bard Santner indicated that it change into as soon as untimely to train explicit details to the public. He stated,
“It’s too early to chat about these components within the public. When the excellent time comes, authorities and ourselves as facilitators will originate the most predominant bulletins.”
Echoing this sentiment, Mrs Mahachi confirmed that she would finest observation when the time is suitable, underscoring the sensitive and excessive-stakes nature of the discussions. The planned funding dovetails with the Executive’s nationwide building approach, signalling a predominant boost for the nation’s financial ambitions.
Right here’s now not Mr Dangote’s first strive and put a foothold in Zimbabwe, having beforehand visited in 2015 and 2018. Alternatively, insiders counsel the local weather is now extra favourable. The Dangote Neighborhood, a sprawling conglomerate with interests from cement to grease refining, already operates in 17 African international locations.
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Its growth into Zimbabwe is seen as a strategic lunge to deepen its footprint in Southern Africa. Before any concrete plans are finalised, Mr Dangote intends to fulfill with His Excellency President Mnangagwa and senior govt officers. These excessive-stage talks are expected to cover essential details, alongside side mining concessions, licences, tax incentives, and assurances concerning the safety of the extensive funding, paving the draw in which for a fresh chapter of commercial building.
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