See The Mixed Reaction That Followed After Dangote Announced His Plans To Invest In Zimbabwe
Zimbabweans have taken to social media to express mixed views following indications by Nigeria’s Aliko Dangote that he plans to invest in the southern African country.
Dangote, who is considered Africa’s richest man, said on Monday he planned mining and power generation projects for investment-starved Zimbabwe, as well as to set up a large cement factory.
This came after he met President Robert Mugabe in Harare.
"We had a very, very good meeting with the president and I told him we have already decided to invest in three areas. One is power, second one is cement and third one is coal," Dangote said
According to the state-owned Herald newspaper, Dangote was ready to pour billions of dollars into the country.
The Nigerian billionaire said he would spend close to $400m on the cement plant, which will produce 1.5 million tons of cement a year, making it the biggest in the country.
Social media went abuzz following Dangote's announcement, with some expressing doubt on whether the plan would be fruitful amid Zimbabwe’s controversial 2007 indigenisation law which states that foreign firms operating in the country must hand a 51% shareholding to local partners to reverse imbalances which resulted from colonialism.
See tweets below;
Do you think that Zimbabwe is ready for this development?