Read Why Dangote Visited Mugabe

Africa’s richest man, Aliko Dangote visited President Robert Mugabe of Zimbabwe On September 1.

Dangote has met Mugabe for quicker approval for his investment in power, mining and cement industries in the southern African country.

Dangote 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 famous businessman is sure that Zimbabwe will accelerate the licence and registration processes for the group to start operations.

According to the plan, Dangote’s corporation start setting up the 1,5 million tonne per annum plant by the end of the first half of 2016.

READ ALSO: Dangote Business Expansion Is Worthy Of Emulation

It should be noted that Dangote will invest his money through Black Rhino Group, a $5 billion African infrastructure fund in which US private-equity group Blackstone Group LP is a co-investor.

Dangote said: “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. 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”.

READ ALSO: Aliko Dangote Loses N140billion

The millionaire commissioned a $420 million cement-manufacturing plant and a 30-megawatt coal-fired plant in Zambia early this month.

The corporation has also invested $250 million 1,5 million metric tonnes per annum cement grinding plant in Douala, Cameroon, barely three weeks after the Zambia plant was commissioned.

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