Dangote Group Signs Landmark $1 Billion Investment Deal in Zimbabwe for Integrated Cement and Power Complex

The Dangote Group, led by its President and Chief Executive, Aliko Dangote, today, Wednesday, November 12, 2025, formalized a major industrial commitment in Zimbabwe, signing an agreement worth up to $1 Billion to establish an integrated industrial complex spanning cement, power, and mining sectors.

The announcement came after a high-level meeting between Mr. Dangote and Zimbabwean President Emmerson Mnangagwa at the State House in Harare. The investment, which had been previously stalled in 2015 and 2018 due to unfavorable conditions, is now moving forward, signaling a massive boost of confidence in Zimbabwe’s economy.

“Mnangagwa has turned the economy around. That really gave us the confidence that this is the right time for us to come and invest,” Dangote told reporters, confirming the political and economic stability required for such a colossal investment.

Cement, Power, and a Transnational Pipeline

The integrated project is designed to make Zimbabwe self-sufficient in key industrial materials. It includes the development of a fully integrated cement factory equipped with its own limestone quarry and grinding plant, aimed at significantly boosting local construction output and reducing reliance on imports.

To support the massive industrial complex, the investment also covers the establishment of a coal mine and a power station, which will supply energy to the Dangote operations while contributing crucial megawatts to Zimbabwe’s national grid.

Significantly, discussions also touched on a transnational fuel pipeline project originating from Walvis Bay, Namibia, and extending through Botswana to Bulawayo, Zimbabwe. This project, which could drastically reduce the cost of fuel imports for the country, underscores the strategic, long-term nature of Dangote’s interest in Southern Africa’s infrastructure.

The investment, one of Zimbabwe’s largest private-sector projects in a decade, is expected to create thousands of direct and indirect jobs and firmly aligns with President Mnangagwa’s ambitious Vision 2030 agenda to achieve an industrialized, upper-middle-income status.