Aliko Dangote eyes $1 billion Zimbabwe bet in cement and power
Aliko Dangote will visit Zimbabwe to close in on a $1 billion industrial complex spanning cement, coal and power after months of talks.
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Aliko Dangote will visit Zimbabwe to close in on a $1 billion industrial complex spanning cement, coal and power after months of talks.
Dangote’s stake in his salt-processing company, NASCON Allied Industries is presently worth $47.4 million.
His group recently completed a bond issuance to fund the completion of the $19-billion Dangote Oil Refinery.
The proceeds from the landmark transaction will be used to part-finance the Dangote Oil Refinery Project.
Anonymous sources claim that the company is potentially looking to raise $500 million from traders.
The contracts fall under the state’s road infrastructure tax credit policy.
His interest aligns with the African Continental Free Trade Area’s aim to boost intra-African trade.