Nigerian billionaire Aliko Dangote, head of Dangote Industries Limited (DIL), has signed a $1 billion investment agreement with the Zimbabwean government. The deal was formalised following a meeting with President Emmerson Mnangagwa in Harare. The funds will be directed towards key strategic sectors in Zimbabwe. These include cement manufacturing, power generation, fertiliser production and infrastructure. The cornerstone of the investment is a petroleum pipeline project.
Revitus REIT and LEVA Hotels have signed an agreement to redevelop Harare’s Chester House into EKONO by LEVA, a 117-room upscale hotel marking LEVA’s Southern Africa debut.