The richest man in Africa, Aliko Dangote is expected in Zimbabwe in the next few weeks to lay the groundwork for his multimillion investments after he received a licence from Zimbabwe Investment Authority (ZIA), a close associate has revealed.
Dangote had Zimbabwe buzzing last month during a one-day visit, where he announced that he would set-up a $400 million cement factory in the country.
ZIA chief executive officer Richard Mbaiwa told The Standard that reports that Dangote had developed cold feet about investing in Zimbabwe were not true.
“In the first place, the reports of [loss of interest] are based on events that happened before Dangote came to Zimbabwe,” he said.
“It cannot therefore be true that he has developed cold feet when he has registered a company in the country, engaged local consultants and lawyers, as well as received a ZIA licence.
“The people who told you that he has been briefed by his geologist should tell you when he is coming. We do not want to make noise about it,” a close Dangote aide said.
ZIA chairman Nigel Chanakira said they did not know when Dangote would return as it was a personal matter.
“We have issued the ZIA licences for Dangote’s three projects — cement, mining and energy,” he said.
During his vist to Zimbabwe last month, Dangote met President Robert Mugabe, the two vice-presidents, Emmerson Mnangagwa and Phelekezela Mphoko, as well as a host of other Cabinet ministers and government officials.
The Investments are expected to urthr develop the growing economy of the country in the Southern part of Africa.
The gross domestic product (GDP) at purchasing power parity (PPP) of Zimbabwe is $28.149 billion (GDP (PPP) 2015 est.).