Nigerian multinational industrial conglomerate, Dangote Group, has said it is a possibility for the company to establish a cement manufacturing plant in Zimbabwe, in the near future.
When that happens, the plant will be its 11th across Africa as it expands its footprint on the continent.
Owned by Nigerian billionaire Aliko Dangote, the company first expressed interest to invest in Zimbabwe in 2015 when he last visited the country.
During that time, it was said the company was interested in building a US$400 million cement plant, but the plan did not come to fruition, a development largely blamed on bureaucracy prevalent under the previous government.
During his visit then, Dangote also expressed interest in investing in power generation and coal mining.
Dangote Group executive director, Engineer Mansur Ahmed, who is in the country for the Zimbabwe International Trade Fair (ZITF) told New Ziana:
Today our flagship business, the Dangote cement business has footprint in about 14 African countries, with actual investment in cement plants in 10 of these.
It is my hope that perhaps not in the too distant future Zimbabwe will be the eleventh.
Dangote cement is Sub-Saharan Africa’s largest cement company with a production capacity of 48.6 million tons a year across 10 countries.
The company has cement plants in Nigeria, Zambia, Tanzania, South Africa, Nigeria, Sierra Leone, Ethiopia, Ghana, Senegal, and Cameroon.
Dangote Group is invested in steel, agriculture, transportation, infrastructure, oil and gas among other sectors.
More: New Ziana