Dangote Group

But ordinary Zimbabweans driven to cynicism after years of state corruption under the ruling Zanu-PF party are pessimistic

The project could change the production structure of Zimbabwe, with fuel landing at a lesser cost

Africa’s largest oil producer has not been able to cash in fully on the price rally because of lacklustre production and its reliance on imported fuel

The cement giant expects to producing 14-million tonnes by 2017 on the back of expansion across the continent.

Writing off the investment in Africa’s largest economy will see the food company’s earnings half of that achieved in the previous financial year.

Multi-billionaire Nigerian Aliko Dangote is considering buying Nigerian oil and gas fields from multinationals looking to sell.

African companies are expanding rapidly thanks to the region’s unique risks and opportunities.