Dangote to invest in Coal exploration in Zimbabwe


Africa’s Wealthiest man, Aliko Dangote has reiterated his desire to pursue a US$1.5bn investment in Zimbabwe, report has it.
Business Daily reports that to facilitate this process, the group has sent an advance team of geologists already to Zimbabwe for 10 days.
While there they will try to locate and survey potential coal deposits.
The team will also meet with President Mnangagwa, as well as the Mines and Mining Development Minister, Winston Chitando.
At presents, the group uses coal brought in from Zimbabwe for its cement industry needs.
Dangote Industries local representative, Josie Mahachi, confirmed that the technical team was back in Zimbabwe and were hopeful things would work this time, having not succeeded in a 2015 visit when Robert Mugabe was Zimbabwe’s president.
“With the new dispensation, things are going to move on smoothly. This is the team that the president of Dangote Holdings, Mr Dangote, has sent to Zimbabwe to do the groundwork before his major visit in the few weeks to come.”
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