Aliko Dangote is set to build a $400m (£260m) cement plant in Zimbabwe, which will give a much-needed boost to the country's struggling economy. Work on the plant may start early next year if all the necessary approvals are received, the Nigerian billionaire told reporters after a meeting with President Robert Mugabe.


Mr Dangote is also considering investments in Zimbabwe's power generation and coal-mining industries as part of an expansion in the southern African nation.

It could be the biggest foreign direct investment in the past year for the country's crippling economy that is battling to woo foreign capital after years of sanctions.