Aliko Dangote Finally Steps In — Signs $1 Billion Deal With Zimbabwe

After years of speculation, delays, and behind-the-scenes negotiations, African billionaire Aliko Dangote has finally made his long-awaited move into Zimbabwe — sealing a US$1 billion investment deal that is expected to transform the country’s industrial landscape.

The landmark agreement was signed this week between the Dangote Group and Bard Sartner Holdings, led by Zimbabwean businessman Sikhosana, a prominent entrepreneur from Nkayi.

According to officials close to the deal, the investment will target key sectors including cement production, energy, and infrastructure development, marking a major breakthrough in Zimbabwe’s efforts to attract large-scale foreign direct investment.

Dangote, Africa’s richest man, had previously expressed strong interest in Zimbabwe as far back as 2015 but reportedly faced numerous regulatory and bureaucratic hurdles that stalled his entry into the market.

Speaking after the signing ceremony, Sikhosana described the agreement as a “historic turning point” for the country.

“This deal represents a new era of African cooperation and industrial growth. Zimbabwe is ready, and with partners like Dangote, we can achieve transformative progress,” he said.

Government sources confirmed that the investment package includes funding for new cement plants, renewable energy projects, and infrastructure development, expected to create thousands of jobs and stimulate economic growth.

Economic analysts say the development could boost investor confidence and open the door for more high-profile partnerships across the region.

“Dangote’s commitment signals renewed faith in Zimbabwe’s economic direction. This is not just business — it’s a statement,” said one Harare-based economist.

The deal comes as the country continues to position itself as a regional hub for manufacturing and trade, with a focus on partnerships that promote African-led development.

For Dangote, the move marks the culmination of a decade-long pursuit to expand his conglomerate’s footprint across southern Africa. For Zimbabwe, it’s a long-awaited sign that the nation’s industrial revival is back on track.