Business Dangote's $1bn Investment in Zimbabwe Under Threat

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LequteMan

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Nigerian business mogul, Aliko Dangote, could see his $1bn investment in Zimbabwe go up in flames after his top aides and team were denied visa by the country's immigration.

This is as a result of a fallout between factions within President Robert Mugabe's government, Financial Gazette reports.

In terms of the country’s visa regime, Nigeria is under Group C classification, meaning that citizens of that country must obtain visas first before they enter Zimbabwe.

While the Zimbabwe Investment Authority (ZIA) has already issued the requisite permits for the Dangote Group to start work, it is critical that the group deploys its best brains on the ground to monitor the various stages of implementation.

Currently, the group is seized with preliminary activities such as geological surveys for its coal and cement projects.

An official from ZIA, Farai Sagonda, confirmed the development.

“Yes, Dangote has met with difficulties in acquiring visas from the Immigration Department for his technical team to get into Zimbabwe,”


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