Dangote Returns to Zimbabwe With $1B Investment Plan

Following a stalled plan in 2015 under Mugabe, Aliko Dangote makes his return to Zimbabwe with an investment plan to the tune of USD one billion. The projects include a cement plant, a power plant, a logistics hub, and an oil pipeline.

On 12 November 2025, Aliko Dangote signed an MoU with the Government of Zimbabwe for the above. The signature was witnessed by Zimbabwean President Emmerson Mnangagwa. President Mnangagwa highlighted that Dangote’s plan aligns well with #ZimbabweVision2030.

Talking to reporters after the signing, Dangote commended President Mnangagwa’s leadership for turning the Zimbabwean economy around. As ‘Zimbabwe is open for business’, the new business-friendly environment gave Dangote the confidence to come back to Zimbabwe and invest.

Dangote gave more details about his billion-dollar investment plan. Firstly, he plans to build a cement plant with an annual capacity of 1.5 million tonnes. Then, he plans to build a coal-fired thermal station to power his industrial operations and sell the rest to the grid.

Afterwards, Dangote will set his sights on a regional 2,200-kilimoter oil pipeline linking Bulawayo, crossing Botswana, and ending at Walvis Bay. The pipe line will lower fuel costs. In return, Dangote expects Zimbabwe to purchase refined petroleum from its mega refinery in Nigeria.

Finally, Dangota plan to enhance logistics infrastructure across Zimbabwe with depots and distribution centers. These facilities will streamline supply chains by speeding up distribution and lowering transport costs.