Overview
- Dangote signed the agreement in Harare on Wednesday after a meeting with President Emmerson Mnangagwa, according to statements after the ceremony.
- The package covers projects in cement manufacturing, power generation, petroleum supply and fertiliser production under the Dangote Group.
- He said policy changes, including permission for independent power producers to set tariffs and repatriate profits, restored viability after 2015 plans collapsed over bureaucracy and alleged kickback demands.
- Petroleum products are planned to come from the group’s Nigerian refinery to Namibia’s Walvis Bay for onward pipeline delivery into Zimbabwe.
- Specific timelines, investment breakdowns and concession terms will be disclosed during implementation, with the government framing the deal as a boost to industrial output and jobs.