Another Nigerian billionaire in Zim

November 23, 2015, 1:06pm

By Elias Mambo, News Day. Photo News Day

Nigerian billionaire, Tony Elumelu, whose net worth is close to $1,6 billion is today expected in the country, where he will explore possible investment opportunities in the fields of agriculture, financial services, insurance and healthcare, among many other business ventures.  

Government and private sector sources told NewsDay that, Elumelu , is expected to hold several meetings with First Lady Grace Mugabe and various captains of industry, including Reserve Bank Governor, John Mangudya.

Elumelu is an economist, investor and philanthropist, who has massive investments across Africa and is the chairperson of several firms including Heirs Holdings and Nigeria’s largest conglomerate Transcorp.

“The business tycoon will meet Schweppes boss, Charles Msipa and First Mutual Life’s Douglas Hoto,” the source said.

In the hospitality industry, sources said Elumelu is expected to meet the Zimbabwe Tourism Association chairperson, Chipo Mtasa.

Elumelu’s visit, sources said has been facilitated by the television personality, Josey Mahachi and her Nigerian husband, Jide, who were instrumental in bringing Nigerian cement magnate Aliko Dangote.

Efforts to get a comment from Mahachi were fruitless since her mobile phone was not reachable. Government sources said Dangote, who was issued three operating licences in the energy, cement and coal mining sectors will dispatch a team next week to establish where a cement plant will be established.