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LequteMan
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Africa's richest man, Nigeria's Aliko Dangote, on Monday annoiunced plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment.
He held meetings with Zimbabwe's President Robert Mugabe and Vice President Emmerson Mnangagwa on Monday.
"We've already decided to invest into Zimbabwe, that's why we are here. Any country where you see us visiting it means, yes, we've decided to invest," Dangote told journalists in Harare.
The billionaire, whose business empire includes Dangote Cement, also said that he aimed to invest in coal mining and power generation in the country.
The plant will produce 1.5 million tonnes of cement a year and if government permission is given, construction will begin in the first quarter of 2016, he said.
Reuters
He held meetings with Zimbabwe's President Robert Mugabe and Vice President Emmerson Mnangagwa on Monday.
"We've already decided to invest into Zimbabwe, that's why we are here. Any country where you see us visiting it means, yes, we've decided to invest," Dangote told journalists in Harare.
The billionaire, whose business empire includes Dangote Cement, also said that he aimed to invest in coal mining and power generation in the country.
The plant will produce 1.5 million tonnes of cement a year and if government permission is given, construction will begin in the first quarter of 2016, he said.
Reuters
