Dangote Signs Landmark US$1 Billion Investment Deal with Zimbabwe

Dangote has signed a US$1 billion investment deal with Zimbabwe to build a fertiliser plant and 2,000km pipeline, signalling renewed investor confidence and promising major gains for the country’s industrial and energy sectors.

Nigerian industrialist Aliko Dangote has signed a landmark US$1 billion investment agreement with Zimbabwe, marking one of the most significant private-sector commitments to the country in recent years. The Memorandum of Understanding was finalised during a high-level meeting with President Emmerson Mnangagwa in Harare, signalling renewed investor confidence in Zimbabwe’s ongoing economic reforms.

Under the agreement, Dangote Industries will develop a large-scale fertiliser plant and a 2,000-kilometre pipeline, projects expected to strengthen Zimbabwe’s agricultural output and enhance regional energy security. The deal also paves the way for further investments across energy, cement, fertiliser, and infrastructure—sectors long constrained by capital shortages and ageing facilities.

In addition, Dangote outlined plans for a major fuel storage facility in Walvis Bay, Namibia, aimed at reducing Southern Africa’s dependence on costly fuel imports from Europe and Asia. The project is positioned to help stabilise supply chains and lower long-term import costs across the region.

For Zimbabwe, grappling with years of economic volatility, the agreement represents a strategic boost to industrial regeneration and import substitution efforts. Officials say the investment could catalyse job creation, stimulate local manufacturing, and reduce the nation’s reliance on imported inputs.

The partnership is widely viewed as a turning point in Zimbabwe’s efforts to attract large-scale foreign investment, with Dangote framing the deal as a commitment to “unlocking Africa’s economic potential through sustainable industrial development.”