Nigerian billionaire Aliko Dangote recently visited Harare to finalize a one billion dollar investment in cement manufacturing, coal mining, and power generation. He was hosted at the State House by President Emmerson Mnangagwa and several cabinet ministers. This potential deal exemplifies a broader trend of significant foreign investment entering the country.
According to the Zimbabwe Investment and Development Agency, investment licenses valued at over three billion dollars were issued in the third quarter alone. Major projects include a Chinese-funded 1.5 billion dollar expansion of the Hwange power plant and substantial investments in lithium mining. The Dinson Iron and Steel Company plant in Manhize, a unit of China’s Tsingshan Holding Group, has also started production.
The International Monetary Fund projects economic growth could reach six percent next year, a rebound attributed to improved agricultural output and high gold prices. Banker Senziwani Sikhosana, whose firm Bard Santner helped facilitate the Dangote deal, stated that policy reforms and public-private cooperation were vital for building investor confidence and sustaining this economic momentum.
According to the Zimbabwe Investment and Development Agency, investment licenses valued at over three billion dollars were issued in the third quarter alone. Major projects include a Chinese-funded 1.5 billion dollar expansion of the Hwange power plant and substantial investments in lithium mining. The Dinson Iron and Steel Company plant in Manhize, a unit of China’s Tsingshan Holding Group, has also started production.
The International Monetary Fund projects economic growth could reach six percent next year, a rebound attributed to improved agricultural output and high gold prices. Banker Senziwani Sikhosana, whose firm Bard Santner helped facilitate the Dangote deal, stated that policy reforms and public-private cooperation were vital for building investor confidence and sustaining this economic momentum.
