Nigerian Billionaire Businessman Aliko Dangote is returning to invest in the country.
Dangote Industries Senior General Manager in charge of Geology Dr V Naresh Kumar told journalists at Robert Gabriel Mugabe International Airport that they are in the country to explore business interests in coal mining.
“It depends on the mineral potential that we are looking for,” said Dr Kumar. “This time we are looking for coal.”
Dangote Holdings representative in Zimbabwe Josey Mahachi says she is excited that that the team is back in the country and the investment package they are interested in is worth more than $1.5 billion.
“The technical group is back in the country, “with the new dispensation, things are going to move on smoothly. “They are here in the country for 10 days and looking for an investment of $1,5 billion said Ms Mahachi.”
Buy Zimbabwe chairperson Dr Anxius Masuka says they are happy that the investment will create jobs and export opportunities for the country.
The delegation is expected to meet President Mnangagwa and Mines and Mining Development Minister, Wiston Chitando.
The Dangote Holdings technical team will be exploring business opportunities in the country for the next 10 days. Mr Dangote, with a net worth of $17, 2 billion, according to Forbes Magazine had plans to invest locally in three sectors —power, energy and cement manufacturing, with claims that he was going to set up a 1, 5 million tonne cement grinding plant in Zimbabwe.