Nigeria’s Dangote Group will invest at least US$1bn in Zimbabwe, according to its founder and CEO, Aliko Dangote. “We have just signed an agreement with Zimbabwe to do various investments in various sectors, some of which are [...] cement, power generation, and a pipeline to bring petroleum products,” stated Dangote.
The project includes a fertilizer plant and a ~2,000 km pipeline from Namibia’s Walvis Bay, passing through Botswana to Bulawayo, Zimbabwe’s second-largest city, according to Africanews. The proposed pipeline is designed to support Dangote Group’s broader ambition of establishing what is expected to be the world’s largest oil refinery.
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