Nigeria’s billionaire, AlhajiAliko Dangote has met with the Zimbabwean President Robert Mugabe on the need to speed up the necessary approval for his investment in power, mining and cement industries in the southern African country.

Dangote who paid a courtesy call on President Mugabe reminded the President at his tate House yesterday that he was awaiting the relevant approvals to set up the group’s investments.
He said, “We have already decided on multimillion investments in Zimbabwe in three sectors which are power, cement and coal mining. As soon as we get permits, we will hit the ground running.”



The business mogul, who earlier Tuesday met with several government ministers, was confident that Zimbabwe would accelerate the licence and registration processes for the group to start operations in the ‘as soon as possible’.
Dangote is expected to start setting up the 1,5 million tonne per annum plant by the end of the first half of 2016.

Dangote Industries is also expected to invest in Zimbabwean power generation through Black Rhino Group, a $5 billion African infrastructure fund in which US private-equity group Blackstone Group LP is a co-investor.



The chunk of Dangote’s investments outside the shores of Nigeria has mostly been in the cement manufacturing sector. He recently commissioned a $420 million cement-manufacturing plant and a 30-megawatt coal-fired plant in Zambia early this month.

As he was in Zimbabwe same yesterday, Dangote Cement commissioned its $250 million 1,5 million metric tonnes per annum cement grinding plant in Douala, Cameroon, barely three weeks after the Zambia plant was commissioned.

According to Dangote, “The cement manufacturing unit has expanded capacity five-fold in the last four years while it plans to double potential output to 80 million tonnes by year end, with the Zimbabwean approvals in sight.”

“We want to set up an integrated cement plant here that will be bigger than all the plants that we have,” he said.

Alhaji Aliko Dangote who also met with Zimbabwean’s Vice President Emmerson Mnangagwa urged government to open up the country and scrap rigid visa requirements.

“We look at setting up something that can translate into a million-and-a-half tonnes so that even when we continue to use cement, there won’t be a shortage
of cement here. We will make cement available, he assured”

The billionaire’s maiden Zimbabwean visit comes after Dangote Cement last week signed contracts with Chinese construction company Sinoma International Engineering to add 25 million metric tonnes across 11 countries.

http://www.vanguardngr.com/2015/09/dangote-meets-mugabe-on-investment-approval/

lalasticlala

One bag of cement in Zimbabwe would be Zim 6,000,000
One trailer of dangote cement would be Zim 6,000,000,000
Dangote's empire would grow by Zillion Naira

Keneking:
lalasticlala

One bag of cement in Zimbabwe would be Zim 6,000,000
One trailer of dangote cement would be Zim 6,000,000,000
Dangote's empire would grow by Zillion Naira

Dangote is just "unbelievable" asweaR..Money no dey tire the man. Little wonder they say "If the son of Adam were to possess two valleys of riches, he would long for the third one"

Dangote is the undisputed richest man in Africa....
Am working hard to surpass his record.
God please bless my hustle.

The rich always want to add extra money even if na 10# to their money

hmmn influence + affluence

money matter........... the investment is definitely going to add great value to Zimbabwe economy

Dangote taking over Africa.

Good for him, richest man in Africa.

Kk

ok

Good for him

That baba mugabe would sleep half way through the meeting

Hmmm.......how sure is he that Mugabe won't turn him down?........Mugabe is incredibly hash and deported all whites few months ago.........a business with Mugabe seems to be a business with the late Cecil of Zimbabwe

good for him

Mugabe how market

wonderful

abi

they look alike

Y d president come black like this Y d president come black like this

Like I have always opined, Forbes do a poor job verifying this guys asset. He his too rich.

Carry on

See as Mugabe black..

This guy wants to build an African monopoly.

old foollll mugabe

Ok
What differenciates a good businessman from a bad one is the ability of one to see opportunities in places people wud natural run from.

Who wud want to go and invest in a place where in inflation rate is over a 1000 percents

Just like food, housing is a basic neccesity and no matter how bad things get, people must build

I salute d vision of dangote as he gradually colonizes the cement industry of africa

Keneking:
lalasticlala

One bag of cement in Zimbabwe would be Zim 6,000,000
One trailer of dangote cement would be Zim 6,000,000,000
Dangote's empire would grow by Zillion Naira

You are very funny

ichidodo:
Dangote , indeed has reached the end of his tether with this horribly ill-advised move, a land-locked country and a mad cap president to boot, what's more? High inflation and a crazy exchange rate... Yes, christmas came too early for Mugabe and sons...

Bro, if there's one thing I've learnt in this life, it's no matter the situation (war, financial crisis, famine) someone is benefiting and making money. So shun those factors, he probably knows what's he doing.

Dangote is not into the charity business, there's no way he'd push this deal if he doesn't feel he'd make money.

I will comment after the cut.....whatever that means

Elaiza:
Y d president come black like this Y d president come black like this

google fit answer this your question well-well