Zim GBC News | Business Reporter<\/p>\n\n\n\n
HARARE \u2013 In a significant economic development, the Government of Zimbabwe and the continental conglomerate, Dangote Group, have signed a comprehensive agreement paving the way for major investments in the country’s energy, cement, fertilizer, and infrastructure sectors.<\/p>\n\n\n\n
The announcement was made on Wednesday by the Deputy Chief Secretary for Presidential Communications, Mr. George Charamba, who described the pact as a “global agreement” covering the areas where the Nigerian-based group has expressed interest.<\/p>\n\n\n\n
A key transnational project under discussion is a massive oil refinery and a sub-regional pipeline stretching over 2,200 kilometres from Walvis Bay in Namibia to Zimbabwe.<\/p>\n\n\n\n
\u201cThe pipeline will land in Bulawayo but will reach Harare via Gweru. This new investment project is sure to change the production structure of Zimbabwe,\u201d Charamba stated via his X (formerly Twitter) handle.<\/p>\n\n\n\n
He further elaborated on the strategic importance of the fertilizer investment, linking it directly to regional food security.<\/p>\n\n\n\n
\u201cIn respect of fertilizers, the Dangote group appreciates that Zimbabwe is an accomplished Agricultural Economy and is slotted to play a key role in subregional food security, as already stated by WFP.<\/p>\n\n\n\n
The missing link has been investments in fertilizers which render Zimbabwe\u2019s agricultural commodities uncompetitive when benchmarked against global prices,\u201d Charamba said.<\/p>\n\n\n\n
This agreement signals a reset in relations between Zimbabwe and the business empire of Aliko Dangote, Africa’s richest person. Nearly a decade ago, plans by the group to build a cement plant and invest in coal mining stalled due to bureaucratic delays and licensing disputes, creating a diplomatic row and casting a shadow over the country’s investment climate.<\/p>\n\n\n\n
This new deal represents the most substantial multi-sector investment commitment from the Dangote Group in Zimbabwe since those initial exploratory visits, marking a potential new chapter for foreign direct investment in the country.<\/p>\n\n\n\n
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