WATCH: Nigeria's Dangote to start multi-million operations in Zimbabwe

Harare - Nigeria's Dangote Group is set to begin operations in Zimbabwe soon.

This was said by the chief strategist of the multi-billion dollar company, Abdu Mukhtar, who is currently in the southern African country's capital Harare.

According to a Herald report, Mukhtar said the group felt "comfortable and excited" about investing in the country.

"Everything is on track... we will be coming in and out [of Zimbabwe] to do all sorts of things as we kick start the projects," Mukhtar was quoted as saying.

Watch the video below as Mukhtar speaks 

Owner of Dangote Group, Aliko Dangote, indicated in August last year that he planned mining and power generation projects in the  investment-starved Zimbabwe, as well as to set up a large cement factory.

The Nigerian billionaire said he would spend close to $400m on the cement plant, which will produce a million and half tons of cement a year, making it the biggest in country.

Dangote said this after he met with President Robert Mugabe.

He said the investment package would create jobs and "help Zimbabwe to develop their own economy".




We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
With Faf de Klerk out injured, who should start at scrumhalf for the Springboks against Wales on 6 November?
Please select an option Oops! Something went wrong, please try again later.
Results
Herschel Jantjies
34% - 312 votes
Cobus Reinach
63% - 579 votes
Grant Williams
3% - 28 votes
Vote
Rand - Dollar
14.81
+0.6%
Rand - Pound
20.41
+0.2%
Rand - Euro
17.27
+0.5%
Rand - Aus dollar
11.11
-0.0%
Rand - Yen
0.13
+0.4%
Gold
1,809.11
+0.9%
Silver
24.57
+1.1%
Palladium
2,053.00
+1.2%
Platinum
1,057.50
+1.4%
Brent Crude
85.53
+1.1%
Top 40
60,580
+0.1%
All Share
67,172
+0.1%
Resource 10
63,244
+1.0%
Industrial 25
86,436
-0.8%
Financial 15
13,915
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE