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/

This man mega no be small

The guy doesn't want to slow down at all. He has conquered Nigeria, now he wants to take over Africa. God bless Dangote.

https://www.youtube.com/watch?v=xhCZwE64J2s

[size=15pt]Aliko Dangote to set up cement plant in Zimbabwe[/size]

Nigerian billionaire Aliko Dangote says his group will set up an integrated cement plant in Zimbabwe which will be bigger than all his plants.

Jonathan is investing everywhere outside Nigeria....


Jonathan sef

Anyway listening to Sorom tobe chukwu by Abu Oma Catholic, a good song to keep activity high on this forum