Zimbabwe, Zambia commit US$440m to Batoka Gorge project

 ZIMBABWE and Zambia have committed a combined US$440 million towards accelerating the implementation of the Batoka Gorge Hydro-Electric Scheme (BGHES) following a meeting of the Zambezi River Authority (ZRA) Council of Ministers held on Monday in Victoria Falls.

The council, chaired for 2026 by Zimbabwe’s Minister of Energy and Power Development, July Moyo, reaffirmed the adoption of a Public-Private Partnership (PPP) model for the US$4.2 billion project.

Each Government approved an equity contribution of US$220 million to initiate construction, with project timelines set to be reviewed to allow for faster implementation in line with guidance from the two Heads of State.

In a communiqué issued after the meeting, Minister Moyo confirmed the decision.

“COM reaffirmed the adoption of a Public-Private Partnership model and approved a US$220 million equity contribution by each Government, including exploration of equity partnerships to enhance bankability. This allocation will be for the BGHES dam construction for the budget cycle beginning 2026 over flexible timelines,” he said.

The council noted progress on the project, including updated feasibility studies and enhanced financial and technical advisory support.

A Resource Mobilisation Committee, chaired by the Finance Ministers of both countries, has been established to mobilise additional funding for the project’s public infrastructure component.

The council also reviewed other projects under the Zambezi River Authority portfolio, including the 600MW Kariba Floating Solar PV plant, with the first 150MW phase scheduled for commissioning in mid-2026, and progress on the Kariba Dam Rehabilitation Project.

Community development projects under the Zambezi Valley Development Fund were also reviewed, including the completed Nyangwizhu Clinic in Hurungwe and Chidyamugwamu health post in Kariba. The council directed that the facilities be officially commissioned in collaboration with local leadership.

Source: Zimbabwe, Zambia commit US$440m to Batoka Gorge project (30/12/25)

Victoria Falls Set to See Tourism Growth as Zambezi Crescent Gains Full Control of Malachite Camp

 Zambezi Crescent has received official approval from the Zimbabwean government to acquire Zimbabwe Parks and Wildlife Management Authority’s (Zimparks) 50% stake in the Zambezi Joint Venture. This buy-out allows Zambezi Crescent to fully develop and operate Malachite Camp, one of the prominent lodges in Victoria Falls. The approval is set to streamline operations, unlock new capital, and position both partners for sustainable growth in Zimbabwe’s tourism industry.

The buy-out marks a key moment in the evolution of the Zambezi Joint Venture, originally created in 2021 to rejuvenate the underperforming Zambezi Camp Lodges along the banks of the Zambezi River. While Zimparks provided the rights to operate the lodges and their surrounding land, Zambezi Crescent was responsible for investment and development. With a total investment exceeding US$3 million, the joint venture aimed to bring the lodges up to market-related standards and increase their appeal to both domestic and international tourists.

However, challenges in meeting capital obligations and operational demands prompted the need for restructuring. The new agreement will enable Zambezi Crescent to more effectively implement its vision for Malachite Camp, ensuring its growth and attracting more visitors to the Victoria Falls region.

Revitalizing Malachite Camp and Enhancing Visitor Experience

As part of the buy-out, Zambezi Crescent will assume full control over Malachite Camp, located in the Victoria Falls area, a world-renowned destination for travelers seeking both luxury and adventure tourism. The camp is strategically situated to offer visitors access to the natural wonders of the region, including Victoria Falls, a UNESCO World Heritage site, and a range of wildlife and adventure activities such as safaris, rafting, and bungee jumping.

With increased control, Zambezi Crescent plans to enhance the camp’s offerings, introducing new services, facilities, and attractions aimed at improving the overall guest experience. This includes luxury accommodations, curated local tours, and tailored services designed to appeal to both leisure travelers and eco-conscious tourists. The development is also expected to improve the camp’s sustainability by incorporating more eco-friendly practices and highlighting the natural beauty of the surrounding environment.

As part of the transformation, Zambezi Crescent plans to expand the camp’s marketing efforts to draw attention from a global audience. With Malachite Camp’s new positioning, the resort will seek to attract visitors from key international markets such as Europe, North America, and Asia, as well as regional travelers from neighboring Southern African countries.

The buy-out of Zimparks’ stake in the Zambezi Joint Venture also marks a shift towards a more efficient and sustainable tourism model for Zimbabwe. Zimparks will continue to retain 100% legal ownership of the land asset, benefiting from guaranteed lease revenue from the camp, which will help support its conservation efforts and other protected areas across the country. This asset-light model allows Zimparks to focus on its primary mandate of wildlife conservation while still benefiting from the economic opportunities generated by tourism.

With the buy-out, Zambezi Crescent will be able to inject additional capital into the operation of Malachite Camp and other tourism-related ventures in Zimbabwe, strengthening the country’s tourism infrastructure. By improving its offerings, the partnership aims to boost tourism to Victoria Falls, a region that plays a key role in the country’s economy. The increased international interest and investment are expected to positively impact the local community through job creation and tourism-driven growth.

A Shift Towards Private Sector Leadership in Zimbabwe’s Tourism

This strategic move also highlights Zimbabwe’s shift towards privatization and public-private partnerships as the country’s tourism sector seeks to recover and expand. By allowing private sector investment, the government is aiming to revitalize iconic tourism assets like Victoria Falls and increase international tourism revenues.

As a major source of revenue for Zimbabwe’s economy, tourism has faced challenges in recent years, but the buy-out of Zimparks’ stake in the Zambezi Joint Venture offers a potential roadmap for the future. The involvement of private operators like  Zambezi Crescent is seen as a way to bring in much-needed investment and expertise while also ensuring that the country’s natural heritage is protected and promoted.

Implications for Africa’s Tourism Industry

The Zambezi Crescent buy-out in Zimbabwe offers valuable insights into how strategic restructuring and private sector partnerships can stimulate growth in underdeveloped tourism markets. Zimbabwe’s emphasis on improving its tourism infrastructure, combined with this partnership, showcases how countries in Africa can leverage public-private collaborations to attract global investment and improve service standards.

As competition intensifies in Africa’s tourism industry, the ability to adapt partnership models to local realities will be key to unlocking new growth opportunities. Zimbabwe’s model presents an example of how balancing state interests and private investment can enhance the visitor experience and regional connectivity.

Conclusion: A New Chapter for Tourism in Victoria Falls

The acquisition of Zimparks’ 50% stake in the Zambezi Joint Venture by Zambezi Crescent is an important milestone for both the company and Zimbabwe’s tourism industry. With full control of Malachite Camp, the company now has the opportunity to further elevate the guest experience and attract a wider international audience to Victoria Falls and the surrounding region.

As the tourism industry continues to recover and evolve, the ongoing efforts to improve infrastructure, strengthen partnerships, and boost Zimbabwe’s tourism offerings will play a crucial role in the country’s economic recovery and future growth. Zambezi Crescent’s approach to strengthening operations and increasing investment will ensure that Malachite Camp and other key tourist sites remain essential parts of the regional tourism landscape.

Source:  Victoria Falls Set to See Tourism Growth as Zambezi Crescent Gains Full Control of Malachite Camp (19/12/2025)

The Lux Collective Accelerates Global Expansion with New Signings and a Growing Worldwide Pipeline

 Award-winning global luxury hotel operator, The Lux Collective presents the next phase of its ambitious international expansion driven by strong momentum, following a highly successful ILTM showcase. With seven new signings secured in 2025 and a dynamic pipeline across Asia, the Indian Ocean, the Middle East and Africa, the Group reinforces its role as a forward-thinking industry leader. As its flagship luxury brand LUX*, sustainability-focused SALT, and newest bold urban brand SOCIO continue to evolve with purpose-led design and culturally resonant experiences, The Lux Collective's strategy remains focused on its vision to become the world's leading hospitality group.

Guiding this trajectory is Olivier Chavy, Chief Executive Officer of The Lux Collective. “Our vision is clear: to redefine the conscious luxury hospitality of tomorrow. As we accelerate our global expansion and enter new markets, we remain committed to creating sustainable design-forward destinations that foster genuine connection. Through our innovative brands, these new signings reflect our ambition to push boundaries, elevate local narratives and craft experiences that truly resonate with today's travellers.”

Discovering Southern Africa's Natural Wonders at LUX* Xinii Victoria Falls, Zimbabwe

Following the announcement of LUX* Xinii Mababe in Botswana last December, The Lux Collective has signed a second hotel management agreement to operate LUX* Xinii Victoria Falls in Zimbabwe.

LUX* Xinii Mababe, Botswana presents an exclusive luxury retreat into the untamed landscape of Mababe, home to abundant wildlife including buffalo, zebras, elephants, giraffes, lions and leopards. Extending the LUX* footprint further into Southern Africa, LUX* Xinii Victoria Falls will immerse guests in the awe-inspiring surroundings of Victoria Falls, one of the world's largest waterfalls.

Located along the banks of the Zambezi River, just 35 kilometres from Victoria Falls, the resort will offer ultra-luxurious safari and wellness experiences immersed in the natural wonders of Zimbabwe. Scheduled to open in 2028, the hotel will feature 12 lodges each designed with a conical roof inspired by African hut traditions and local indigenous culture. These distinctive roofs not only create a striking aesthetic, but also support rainwater harvesting, reflecting traditional wisdom in resource usage. A second phase of opening will see the addition of 14 lodges, along with a second restaurant and an additional pool, further expanding its offerings.

The property's facilities include a signature restaurant, a swimming pool and comprehensive wellness and spa services, including yoga sessions, allowing guests to rejuvenate the body and mind amidst the African wilderness. LUX* Xinii Victoria Falls will provide curated experiences that celebrate the region's wildlife and culture – from gourmet destination dining, traditional game drives and walking safaris to adrenaline-fuelled adventures such as bungee jumping, zip-lining, helicopter flights and white-water rafting on the Zambezi River. Guests can also enjoy idyllic boat cruises and explore local cultural villages and markets, offering a seamless blend of luxury, adventure and cultural discovery. This successful collaboration is facilitated by advisory partner International Tourism Investment Corporation Ltd (ITIC).

A bold new chapter of growth and global reach

Looking ahead, The Lux Collective's global pipeline reflects robust momentum, with a diverse portfolio of 16 openings set to roll out across Asia, the Middle East and Africa. In China, new destinations include SALT of Mount Siguniang, LUX* Guangzhou and LUX* Shaoguan. Southeast Asia will welcome the pioneering LUXNAM* Phu Quoc, Vietnam's and the region's first overwater all-villas resort, along with SALT of Virgin Beach in Bali, the Group's first entry into Indonesia. In the Middle East, the Group expands with the tented luxury desert retreat LUX* Al Bridi, the reimagined beach resort LUX* Khorfakkan overseeing the Gulf of Oman, and the significant Middle East debut of the SOCIO brand – introducing the first-ever hotel and branded residences, SOCIO By The Lux Collective in Sultan Haitham City, Oman. This milestone is complemented by ELIRE Managed by LUX*, the first LUX* branded residences in Business Bay, Dubai.

The pipeline also extends to Africa with LUX* Xinii Mababe in Botswana and the SOCIO Tribeca flagship in Mauritius. Collectively, these developments reinforce the Group's purpose-driven forward momentum and its commitment to shaping the next era of modern luxury hospitality – fortifying its position as a global leader in sustainability stewardship with clarity and intent.

Source: The Lux Collective Accelerates Global Expansion with New Signings and a Growing Worldwide Pipeline (11/12/2025)

Chinese to build luxury riverfront lodges in Victoria Falls

 Zimbabwe's tourism sector is set for a major boost following confirmation that The Lux Collective, a global hospitality group with Chinese backing, will develop a high-end eco-luxury lodge estate along the Zambezi River near Victoria Falls. The project, named LUX* Xinii Victoria Falls, is expected to open in 2028 and marks the group's second major investment in Southern Africa after its Botswana venture, LUX* Xinii Mababe.

The new estate will be constructed in two phases, beginning with 12 luxury lodges designed with conical, African-inspired roofs that allow for natural cooling and rainwater harvesting. A second phase will expand the development with 14 additional lodges, as well as a restaurant and swimming pool, creating an exclusive retreat within reach of one of the world's most iconic natural attractions.

The development comes as part of The Lux Collective's wider global expansion, with the company announcing seven new hotel signings for 2025. Its pipeline of projects now stretches across Asia, the Indian Ocean, the Middle East and Africa, reflecting an ambitious growth strategy anchored in sustainable design and culturally grounded hospitality.

Chief executive Olivier Chavy said the company's goal is to "redefine the future of conscious luxury travel" by creating experiences that resonate deeply with modern travellers who value both comfort and environmental responsibility.

China remains a key focus of the group's expansion. In early 2027, it will launch LUX* Tea Horse Road Mount Tiantai in Sichuan province, offering accommodation both within a historic town and on nearby high-altitude tea plantations outside Chengdu. Another luxury development, LUX* On The Bund Shanghai, will open in the first quarter of 2027, featuring waterfront views, a private marina, fine-dining venues, a rooftop bar and an advanced wellness centre.

Beyond China and Southern Africa, The Lux Collective now has 16 properties under development worldwide, including new luxury projects in Vietnam, Bali, Dubai, Oman, Mauritius and several more cities in China. The company continues to grow its LUX*, SALT and SOCIO brands, drawing increasing international confidence in its eco-friendly, design-centred approach to hospitality.

The introduction of LUX* Xinii Victoria Falls is expected to significantly elevate Zimbabwe's visibility in the global high-end tourism market. Tourism experts say the investment reflects growing international interest in Victoria Falls as a destination for sustainability-driven luxury travel, potentially drawing in higher-spending visitors and injecting fresh momentum into the country's hospitality sector.

Source: Chinese to build luxury riverfront lodges in Victoria Falls (11/12/2025)

Refurb of Vic Falls property underway

 Lokuthula Lodges, located on the Victoria Falls Safari Lodge estate, has completed the first phase of a soft refurbishment aimed at enhancing comfort while maintaining the property’s long-standing Zimbabwean character.

Lodges 38-45 have been upgraded. The remaining 16 units are scheduled for refurbishment in January.

The work focused on improving functionality and refreshing interiors. Bathrooms were updated with new toilets, walk-in rainfall showers and the removal of bathtubs. Soft furnishings in the lounge were replaced to create a lighter living space and new bedroom cushions were added for texture and warmth. Walls and doors were repainted in Ndebele-inspired colours reflecting the region’s heritage.

The property continues to offer bed-and-breakfast or self-catering options with access to gardens, a swimming pool, children’s facilities, pickleball court and nearby restaurants including the Boma – Dinner & Drum Show and the Buffalo Bar at Victoria Falls Safari Lodge. The split-level units overlook indigenous bush with regular sightings of warthog, bushbuck and birdlife from private terraces.

Source: Refurb of Vic Falls property underway (05/12/25)

AFRY to update key studies for Batoka Gorge project, Zambia

AFRY has secured a contract from the Zambezi River Authority, the organisation jointly owned by Zambia and Zimbabwe, to update the feasibility study and Environmental and Social Impact Assessment (ESIA) for the Batoka Gorge hydroelectric scheme.

The proposed plant, to be sited in the Batoka Gorge about 47km downstream of Victoria Falls, is planned to have an installed capacity of up to 2400MW.

“We are committed to advancing sustainable hydropower solutions utilising the potential of the Zambezi River. Hydropower is a cornerstone of the global energy transition, and we are delighted to be part of empowering communities with reliable, renewable energy solutions that stand the test of time,” said Ernst Zeller, Segment Head, Hydro at AFRY.

Under the contract, AFRY will review earlier studies and update them with detailed technical, economic, and operational analyses aimed at optimising the plant’s layout and operations. The work will include assessments of hydrology and climate change, installed capacity, reservoir operations, energy production, and the associated transmission system.

The assignment also covers updates to the environmental and social impact assessments, a review of the implementation schedule, and preparation of tender documents.

Source: AFRY to update key studies for Batoka Gorge project, Zambia (04/12/2025)

Govt officials to lead journalists on a tour of Byo-Vic Falls Road

 CABINET ministers and senior Government officials will this week lead journalists from various media houses on a tour of the Bulawayo–Victoria Falls Road rehabilitation and upgrading project.

The delegation will comprise Transport and Infrastructural Development Minister Felix Mhona, the ministry’s permanent secretary, Engineer Joy Makumbe, Matabeleland North Provincial Affairs and Devolution Minister Richard Moyo, the Parliamentary Portfolio Committee on Transport and Infrastructural Development chairperson Cde Tawanda Karikoga, legislators and senior government officials will lead journalists on a tour to check on progress made so far.

The tour comes after the Government has prioritised the US$1,2 billion rehabilitation and upgrade of the Beitbridge–Bulawayo–Victoria Falls Highway — including the construction of modern toll plazas with weighbridges — as one of the flagship infrastructure projects to be rolled out between 2026 and 2030 under the National Development Strategy 2 (NDS 2).

The Bulawayo–Victoria Falls Highway is a critical trade and tourism artery linking Zimbabwe with Zambia, Namibia and Botswana, is being upgraded under the Government’s ongoing national road rehabilitation and modernisation programme.

Initially, five contractors — Fossil Contracting, Masimba Construction, Syvern Investment, Bitumen Resources and Tensor Systems — were awarded contracts to rehabilitate sections of the 440-kilometre stretch.

However, the Government recently added three more contractors for Lots 6, 7 and 8, covering the final approaches to Victoria Falls, to fast-track completion.

Source: Govt officials to lead journalists on a tour of Byo-Vic Falls Road (03/12/2025)

Cresta Sprayview Vic Falls completes major refurbishment

 All 65 bedrooms and suites at Cresta Sprayview in Victoria Falls have been completely refurbished as part of a major upgrade programme taking place in the hotel.

Cresta Hotels’ managing director Rutendo Badenhorst said the programme was aimed at maintaining competitive status and enhancing the guest experience in one of the resort city’s best-known hotels.

“Within the Cresta group we have a standard policy of regular refurbishment programmes in all our hotels, to allow for maintenance of the highest standards of physical infrastructure and to meet ever-increasing guest expectations,” she said.

In the 60 bedrooms and five suites decor and fittings have been changed, with a new feature of open closets, while bathrooms have been renovated and exteriors given a makeover. Gardens across the property have been extensively revamped, making full use of the trees, flowerbeds and lawns to enhance the ‘clean and green’ look of the bedroom wings that stretch out across the grounds.

Built originally by the well-known Gardini family and we long one of the resort’s best-known establishments, Cresta Sprayview was first opened as Peter’s Motel, the third hotel to be built in the resort. It later became the Victoria Falls Motel, and has since 2013 been operated by the Cresta Group as Cresta Sprayview.  it features prominently in the Cresta Hotels portfolio, which includes operations in Zimbabwe, Botswana and South Africa.

“We are very proud of the ongoing success and achievements of Cresta Sprayview, which fills an important niche in Victoria Falls as a destination for international, regional and local tourists, as well as hosting small to medium conferences and banqueting events,” said Mrs Badenhorst.

“The exciting growth of travel and tourism into and across Zimbabwe is a major boat for all of us in the sector and it is important for us to remain industry leaders in our field of operations, which means continuous improvement to physical infrastructure, service and operational activity. “

Next up in the refurbishment programme are upgrades to the restaurant, lounge and bars, work which has already started and will end in 2026.

Cresta Sprayview general manager Patience Musonza plays an important role in the hospitality industry in Victoris Falls, chairing the local branch of the Hospitality Association of Zimbabwe.

Source: Cresta Sprayview Vic Falls completes major refurbishment (November 2025)

UAE’s ASB Hospitality Snaps Up Zimbabwe’s Iconic Kingdom Hotel for $30 Million

In a big win for Zimbabwe’s growing tourism scene, Dubai-based ASB Hospitality has bought the famous Kingdom Hotel in Victoria Falls for $30 million. This marks the company’s second major move in the country, following its $20 million purchase of the Meikles Hotel in Harare back in 2019. The 294-room property, which sits right by the stunning Victoria Falls—a UNESCO World Heritage site that draws about 400,000 visitors each year—shut down in 2023 over a lease dispute but now looks set for a fresh start under new branding. Seller First Capital Bank, along with its pension fund, is cashing out to sharpen its focus on core banking, using the money to pay taxes and strengthen operations. For everyday Zimbabweans and travellers, this deal could mean more jobs in hospitality and better spots to stay, as the sector bounces back with 1.6 million visitors bringing in $1.2 billion in 2024. It also shows stronger ties between Gulf investors and Africa, especially as Forbes named Zimbabwe the world’s top travel spot for 2025 for its wildlife safaris and cultural treasures.

ASB Hospitality, a unit of Albwardy Investment, manages 18 luxury properties across four continents with over 1,300 rooms. This buy expands its African footprint, coming hot on the heels of grabbing a majority stake in Lusaka’s Taj Pamodzi Hotel in Zambia. For Zimbabwe, hit hard by economic woes but rich in natural wonders, such investments signal hope for revival in a sector key to earning foreign cash and creating work for locals.

The Kingdom Hotel: A Riverside Gem Ready for Rebirth

The Kingdom Hotel, now owned by Makasa Sun Private Limited before the sale, boasts 294 rooms and prime views of the Zambezi River, just minutes from Victoria Falls—one of the world’s largest waterfalls. Built in the 1990s with an African-inspired design mixing modern comforts and local vibes, it has long been a favourite for tourists seeking adventure like bungee jumps or wildlife safaris. But a lease row led to its closure in 2023, leaving the site idle and hurting local jobs.

ASB plans a grand relaunch, likely rebranding it to fit its luxury style, similar to turning Meikles into Hyatt Regency Harare—The Meikles. This could include upgrades to rooms, dining, and facilities to attract high-end visitors. With Victoria Falls pulling in crowds year-round, the hotel’s comeback could add to Zimbabwe’s tourism push, which aims for $5 billion in revenue by 2025 through spots like Hwange National Park and Mana Pools.

ASB Hospitality: Expanding Footprint in Africa’s Hospitality Boom

ASB Hospitality, based in Dubai, is part of Albwardy Investment—a family-owned group with roots in East Africa and a focus on luxury stays. Led by Ali Saeed Bin Harmal Aldhaheri, it runs upscale spots like the Hyatt Regency in Harare and now eyes more in the region. The company’s buy of Taj Pamodzi in Zambia shows a plan to grow in southern Africa, where tourism is rebounding post-COVID.

For Zimbabwe, ASB’s involvement brings know-how in running top hotels, potentially creating hundreds of jobs in services, maintenance, and supply chains. Local suppliers could benefit from deals for food, linens, and crafts, helping small businesses grow. This fits Zimbabwe’s goal to hit 5 million tourists by 2025, up from 1.6 million in 2024, bringing in more dollars to ease economic strains.

First Capital Bank’s sale lets it drop a non-core asset, focusing on banking while pocketing cash to boost lending and operations. The bank’s pension fund, a joint owner, also gains from the deal, securing funds for retirees.

A Closer Look: Facts Behind the Deal

In a major deal set to breathe new life into Zimbabwe’s hospitality scene, Dubai-based ASB Hospitality has acquired the renowned Kingdom Hotel in Victoria Falls for $30 million. This marks the company’s second significant investment in the country, following its $20 million purchase of the Meikles Hotel in Harare in 2019. The 294-room riverside property, which closed in 2023 due to a lease dispute, is now poised for a grand relaunch under fresh branding, potentially attracting more visitors to one of Africa’s top natural wonders. For everyday Zimbabweans, this could mean fresh job opportunities in tourism, a sector that welcomed 1.6 million visitors in 2024 and generated $1.2 billion in revenue. The transaction also signals deepening ties between Gulf investors and African markets, especially as Zimbabwe earns global praise for its wildlife safaris and cultural treasures, recently crowned by Forbes as the world’s top travel destination for 2025.

ASB Hospitality, a subsidiary of Albwardy Investment, manages 18 luxury properties across four continents with over 1,300 rooms. The acquisition expands its African footprint, coming shortly after securing a majority stake in Lusaka’s Taj Pamodzi Hotel in Zambia. For Zimbabwe, grappling with economic challenges but rich in attractions like Victoria Falls—a UNESCO World Heritage site drawing 400,000 visitors yearly—this investment offers hope for revival in a key industry that supports thousands of livelihoods.

The Kingdom Hotel: A Prime Asset Ready for Rebirth

Nestled along the Zambezi River just minutes from the majestic Victoria Falls, the Kingdom Hotel boasts 294 rooms designed with an African-inspired aesthetic that blends modern comfort with local charm. Built in the 1990s, it has long been a favourite for tourists seeking adventures like helicopter rides over the falls or wildlife safaris in nearby reserves. However, a lease disagreement led to its closure in 2023, leaving the site dormant and impacting local employment.

Under ASB’s ownership through Makasa Sun (Private) Limited—the previous operator jointly held by First Capital Bank and its pension fund—the hotel is expected to undergo upgrades and rebranding. This mirrors ASB’s successful revamp of the Meikles Hotel into the Hyatt Regency Harare – The Meikles, which has elevated standards and drawn international guests. The relaunch could include enhanced facilities like spas, conference spaces, and eco-friendly features to appeal to modern travellers, potentially creating hundreds of jobs in housekeeping, guiding, and supply chains.

The property’s location near Victoria Falls, one of the Seven Natural Wonders of the World, positions it perfectly for Zimbabwe’s tourism push. The falls alone generate significant revenue, with activities like bungee jumping and river cruises adding to the allure.

ASB Hospitality’s African Expansion: Building a Luxury Network

ASB Hospitality, headquartered in Dubai, is part of the family-owned Albwardy Investment group, which has roots in East Africa and a focus on upscale accommodations. Led by Ali Saeed Bin Harmal Aldhaheri, the firm emphasises sustainable operations and community benefits, aligning with Zimbabwe’s goals for eco-tourism.

The company’s entry into Zimbabwe began with the $20 million Meikles acquisition in 2019, transforming it into a five-star Hyatt property that has boosted Harare’s appeal for business travellers. More recently, ASB expanded in Zambia with the Taj Pamodzi stake, showing a clear strategy to grow in southern Africa. With 18 properties worldwide, ASB brings expertise in managing high-end resorts, which could help elevate Zimbabwe’s offerings to compete with regional hotspots like South Africa’s Kruger or Botswana’s Okavango Delta.

For First Capital Bank, the sale allows a shift back to core banking activities, using proceeds to cover taxes and enhance operations. The bank’s pension fund, a co-owner, also benefits, securing returns for members in a volatile economy.

A Closer Look: Key Facts on the Deal and Its Impact

1/ ASB Hospitality, a Dubai-based arm of Albwardy Investment, manages 18 luxury properties across four continents with over 1,300 rooms.

2/ The Kingdom Hotel boasts 294 rooms and sits just minutes from Victoria Falls, a UNESCO World Heritage site drawing 400,000 visitors yearly.

3/ ASB’s first Zimbabwe buy was the Meikles Hotel in Harare for $20-million in 2019, now rebranded as Hyatt Regency Harare – The Meikles.

4/ ASB recently grabbed a majority stake in Lusaka’s Taj Pamodzi Hotel in Zambia, expanding its African holdings.

This acquisition not only revives a key asset but also hints at more investments in Zimbabwe’s tourism, supporting the nation’s recovery and creating opportunities for communities around iconic sites like Victoria Falls. As ASB plans the relaunch, locals and travellers alike can look forward to upgraded experiences that blend luxury with Zimbabwe’s natural beauty.

Source:  UAE’s ASB Hospitality Snaps Up Zimbabwe’s Iconic Kingdom Hotel for $30 Million (24/11/2025)

First Capital Bank to sell former ‘Kingdom Hotel’ stake in USD 30m deal

 First Capital Bank has announced a binding agreement to dispose of its full shareholding in Makasa Sun (Private) Limited, the company that owns the Makasa Sun Hotel, in a transaction valued at USD 30 million.

The Makasa Sun Hotel is the one formerly known as The Kingdom Hotel in Victoria Falls.

The deal, signed with ASB Hospitality LLC of the United Arab Emirates, will see the foreign investor acquire 100% of the hotel operator’s issued shares once all conditions precedent are met.

According to the bank’s latest statement, the purchaser has already placed a USD 3 million deposit into escrow, with the remaining USD 27 million to be paid upon completion. The sale is subject to regulatory approvals, including clearance from the Reserve Bank of Zimbabwe, the Competition and Tariff Commission, COMESA, and the Zimbabwe Revenue Authority.

First Capital Bank said the disposal forms part of a strategic shift to unlock shareholder value by exiting non-core assets and refocusing on mainstream banking activities. ASB Hospitality, backed by an international hotel group, is expected to reposition the Makasa Sun Hotel and stimulate further investment in Zimbabwe’s tourism sector.

The bank emphasised that the sale will not have a significant impact on its historical or future earnings, as Makasa Sun has been recorded as a dormant entity. As at October 2024, Makasa Sun had a consolidated net asset value of approximately USD 27.9 million, though it has not been significantly reflected in the bank’s consolidated financials.

Proceeds from the transaction will be used to settle capital gains tax obligations and to distribute net receipts to both the bank and its staff pension fund, which jointly owned the hospitality asset. No securities are being exchanged as part of the agreement, and the deal will be settled entirely in cash.

The transaction qualifies as a Category 3 transaction on the Victoria Falls Stock Exchange. First Capital Bank advised shareholders and investors to continue exercising caution until full regulatory approval is confirmed and the disposal is finalised.

Source: First Capital Bank to sell former ‘Kingdom Hotel’ stake in USD 30m deal (20/11/25)

New train dining experience in Vic Falls

 Bushtracks Africa has launched a new dining experience in Zimbabwe’s Victoria Falls called Stimela Trackside Dining.

The dining experience aims to deliver a sophisticated experience, offering a three-course meal served aboard a restored train stationed on the siding in the centre of Victoria Falls. The menu features locally inspired dishes.

The experience is ideal for couples, families and small groups. It is open for dinner on Mondays, Thursdays and Saturdays but advance reservations are recommended as seating is limited.

“Stimela is our newest dining experience in Victoria Falls, offering guests a chance to enjoy fine dining aboard a heritage train on nights when the iconic Express trains aren’t running to the bridge,” said Christopher Tett, Bushtracks Africa CEO. 

Source: New train dining experience in Vic Falls (20/11/25)

Tourism Minister Urges Speedy Completion of Victoria Falls Border Works

(Zambia) Tourism Minister Rodney Sikumba has called for the swift completion of rehabilitation works at the Victoria Falls Border, citing congestion and frustration among tourists due to delays.

Mr. Sikumba made the appeal after visiting the construction site, accompanied by a delegation from the World Bank. He said he will urgently engage the Commissioner General of the Zambia Revenue Authority and the Finance Minister to fast-track the project and restore the smooth flow of traffic.

Meanwhile, World Bank Group Division Director for Malawi, Tanzania, Zambia, and Zimbabwe Nathan Belete reaffirmed the Bank’s commitment to supporting Zambia through the Great Zambia Tourism Development Project.

Mr. Belete emphasized that improving cross-border trade facilitation is key to unlocking greater benefits for local entrepreneurs and businesses on both sides of the Victoria Falls.

Source: Tourism Minister Urges Speedy Completion of Victoria Falls Border Works (19/11/2025)

Bulawayo -Victoria Falls road rehabilitation works progressing well

 THE rehabilitation of the Bulawayo–Victoria Falls Road is progressing, with contractors on the ground and civil works on-going.

In line with the government’s mantra of leaving no one and no place behind, the Bulawayo–Victoria Falls road remains one of the high priority infrastructure projects, wholly funded by the Treasury.

On Tuesday, the ZBC News crew toured sections of the road and witnessed on-going compacting works in the Hwange – South mining area, among other road works.

The motoring public has expressed appreciation for the progress being made.

“This is exciting for us, especially those of us from Mozambique who love driving to Victoria Falls. The travel time is now shorter. We thank the Government of Zimbabwe for this initiative,” said a motorist.

“We will be travelling smoothly, and this will reduce operational costs. We will no longer be buying spare parts frequently,” added another.

The government says the entire road upgrade is expected to be completed by mid-2026.

“I am happy that the strategy we adopted in the ministry was to divide the entire 440 kilometres, focusing mainly between Bulawayo and Victoria Falls, where each contractor is responsible for about 51 kilometres. We deployed the first five contractors who began working on the detours, and an additional three contractors have since joined. This means eight contractors are now working on the entire stretch. This rehabilitation is crucial because the road is a gateway to the tourist hub of our country, Victoria Falls,” said the Minister of Transport and Infrastructural Development, Honourable Felix Mhona.

Some sections of the road have since been completed and opened to traffic.

The Bulawayo–Victoria Falls road is a vital link in the North–South Corridor, connecting South Africa through the Beitbridge border post with Zambia via Victoria Falls and Kazungula.

Source: Bulawayo -Victoria Falls road rehabilitation works progressing well (17/11/2025)

Victoria Falls Border Post now open 24 hours, move set to boost tourism and trade

 VICTORIA Falls Border Post will now process clients 24 hours of the day in a significant move expected to boost tourist arrivals and ensure seamless trade between Zimbabwe and Zambia.

Through an Extraordinary Government Gazette, General Notice 2265A of 2025, issued recently, Secretary for Home Affairs and Cultural Heritage, Ambassador Raphael Faranisi, announced the policy shift.

“It is hereby declared that in terms of section 41 of the Immigration Act (Chapter 4:02), the Minister has extended the operating hours for the Victoria Falls Border Post to twenty-four (24) hours on a daily basis, with effect from the date of publication of this notice,” reads the notice published November 13.

The opening of the border post between Zimbabwe and Zambia is set to be accompanied by immense benefits, including boosting tourism. With the border now open round‑the‑clock, tourists can travel anytime, giving them flexibility to explore both sides of the majestic Victoria Falls without worrying about a curfew. This can make the famous “Smoke That Thunders” a more convenient bucket‑list experience.

Also, traders and truck drivers no longer face costly overnight delays or long queues waiting for the border to open. A 24‑hour operation means goods move faster, reducing transportation costs and helping businesses stay competitive.

It is a major win for cross‑border trade between Zimbabwe and Zambia.

The latest development at Victoria Falls Border Post also improves cross‑border movements by local commuters, tourists, and business persons. A 24‑hour border means smoother, quicker travel. This likely encourages more people to travel between the two countries, fostering greater people‑to‑people connections.

Round-the-clock operations also minimise congestion as extending hours helps spread out traffic, decreasing the massive queues and congestion that used to happen when the border closed at 10pm.

Source: Victoria Falls Border Post now open 24 hours, move set to boost tourism and trade (17/10/2025)

See Also

Victoria Falls Bits and Blogs (11th October 2017) Zim engages Zambia on one border post.

Victoria Falls Bits and Blogs (25th October 2018) Zim, Zambia sign four MoUs.

Victoria Falls Bits and Blogs (28th January 2019) Land Shortage Hits Zimra’s Victoria Falls Border Project.

Victoria Falls Bits and Blogs (8th February 2019) Zimbabwe and Zambia to set up one-stop border post in Victoria Falls.

Victoria Falls Bits and Blogs (15th March 2024) Zim, Zambia broaden cooperation.

Victoria Falls Bits and Blogs (14th November 2025) Zimbabwe Extends Victoria Falls Border Post Hours To 24/7.

Victoria Falls Bits and Blogs (15th November 2025) Mnangagwa, Hichilema co-chair Zimbabwe-Zambia BNC.

 

Zimbabwe claims dramatic recovery in tourist arrivals

 ZIMBABWE has received an estimated 1,6 million international tourists so far this year, marking one of the strongest post-Covid-19 pandemic recoveries in the region and underscoring renewed global confidence in Destination Zimbabwe.

At the peak of the pandemic in 2021, the country received approximately 375 799 tourists, a 40 percent decrease from the previous year, representing a continued decline from 2019, when the country had 2,29 million visitors before Covid-19 hit.

The United States has now become the country’s top international source market, overtaking the United Kingdom and Germany, a shift tourism authorities say reflects growing interest in Zimbabwe’s wildlife, culture, gastronomy and natural heritage.

The rise in tourist arrivals has coincided with increased global attention, including Zimbabwe being named the World’s Number One Destination to Visit in 2025 by Forbes, an influential United States-based business and lifestyle magazine.

The recognition, combined with stronger air connectivity, infrastructure upgrades and intensified marketing efforts, has pushed Zimbabwe’s tourism sector into what the authorities describe as a decisive growth phase.

In an interview, Tourism and Hospitality Industry Minister Barbara Rwodzi said the country was now preparing for a significant surge in travel during the festive season, with the Government activating a whole-of-government approach to guarantee a smooth experience for both domestic and international visitors.

“The sector contributes 3,5 percent of total national employment,” she said. “In 2024, the sector accounted for 17 percent of overall national GDP (gross domestic product) growth. Flight searches increased by 80 percent and 56 percent in Bulawayo and Harare, respectively.

“International tourist arrivals recorded to date are 1,32 million, exclusive of our diaspora community. Factoring in diasporans, international tourist arrivals are estimated at 1,603 million.”

Minister Rwodzi said domestic tourism grew by 20,9 percent, with trips rising from an estimated 8,2 million (2024) to 9,92 million (2025)

“The United States has now overtaken the United Kingdom and Germany as the country’s top source market, reflecting renewed international confidence and appreciation for Zimbabwe’s pristine wilderness areas, such as Hwange National Park, Mana Pools and conservancies,” she said.

Minister Rwodzi said ahead of the festive season, teams will be deployed to airports, border posts, restaurants, entertainment venues and other high-traffic areas to ensure visitors receive efficient service and warm hospitality throughout the holiday period.

“During the festive season, people spend most of their time with family and friends, hence our focus shifts to the Visiting Friends and Relatives (VFR) Cluster, which resonates with recreational activities,” she said.

“To ensure excellent service and efficiency, our teams will be stationed in key areas such as restaurants, fast-food outlets and musical shows — where most festive gatherings take place.

“A central part of this is the meet and greet exercise at ports of entry, which captures the essence of Zimbabwean hospitality.”

Under this initiative, Minister Rwodzi said tourism officers and hospitality teams will be strategically deployed to major entry points, including the Robert Gabriel Mugabe International Airport, the Victoria Falls International Airport, the Joshua Mqabuko Nkomo International Airport, and Beitbridge, Kazungula and Plumtree border posts.

The officers will assist travellers with information materials, facilitate queue management with immigration officials and ensure Zimbabwe’s first impression is welcoming, organised and professional.

Minister Rwodzi said the festive season preparations included beautification of urban and resort centres, enhanced road and signage updates, safety inspections of accommodation facilities and close coordination with provincial authorities to maintain consistent service standards across the country.

The Government has since launched a major push to promote domestic tourism during the holidays — the Domestic Tourism Festive Season Campaign — which was unveiled in Kariba on October 31.

The initiative is aimed at encouraging Zimbabweans to explore local attractions under the themes #NhakaYedu, #IlifaLethu, #ExperienceZimbabwe and #ZimBho.

Said Minister Rwodzi: “This initiative aims to foster a culture of travel among Zimbabweans and those in the diaspora, encouraging them to embrace the festive spirit of Zimbabwe.

“The central message will be a call to action: ‘Experience Zimbabwe this Festive Season’.

“To meet these objectives, the campaign will implement an integrated approach, combining marketing, content creation, collaboration.”

The ministry is engaging industry to come up with promotional packages for domestic tourists.

“To raise awareness and reach a wider audience, the ministry is running adverts on television and radio, complemented by targeted messaging on social media platforms,” she said.

“We are also awaiting festive season packages from the private sector, while ZimParks (Zimbabwe Parks and Wildlife Management Authority) will soon provide their own packages to the Zimbabwe Tourism Authority and we will advertise these packages on their behalf to promote exciting holiday options across the country.”

Minister Rwodzi said the sector’s overall performance continues to be strengthened by improved air connectivity, with Zimbabwe now having 22 international airlines servicing its major airports, up from only three in 2020.

Airlines such as Ethiopian Airlines, Fastjet, Eurowings Discover and Air Zimbabwe have increased flight frequencies, improving access into Harare, Victoria Falls and Bulawayo and supporting the rebound in tourist arrivals.

Flight searches for Zimbabwe have grown sharply this year, increasing by 80 percent for Bulawayo and 56 percent for Harare, indicating heightened global interest in the destination.

Cumulative investments in the sector have reached US$910 million over the last five years, covering hotel construction, conferencing facilities and major upgrades to airports and resort infrastructure.

Source: Tourist arrivals in dramatic recovery (16/11/25)

American tourist drowns in water rafting expedition

 Police in Southern Province have confirmed the death of an American tourist who drowned during a rafting expedition on the Zambezi River near Victoria Falls.

Southern Province Commanding Officer Moono Namalongo said the victim, identified as Patrick Lawrence, 68, died after the raft he was navigating capsized at Rapid Number 7 last evening.

Mr Namalongo confirmed the death of 68-year-old Patrick Lawrence in a statement to the media in Livingstone this morning.

“We can confirm that Mr Lawrence, an American national, tragically drowned during a rafting activity on the Zambezi River...

He said the accident ... was reported by Mr Obey Hamuchemba, 47, Director at Nyami Nyami Rafting Company, who was overseeing the activity.

Investigations indicate that Mr Lawrence was leading a team of ten paddlers when the raft overturned.

Mr Namalongo however confirmed the safety of the other paddlers who were in the company of the now deceased.

The South Police Chief says the body of Mr Lawrence was later retrieved and rushed to Mukuni Medical Center where he was pronounced dead.

Source: American tourist drowns in water rafting expedition (15/11/2025)

Further Information

American river guide Lawrence Patrick Firman dies while kayaking the Zambezi

Lawrence Patrick Firman, 68 years old, an expert kayaker and rafting guide for over 35 consecutive seasons in the USA, died while kayaking the Zambezi river on November 13, 2025. “Larry” was part of a group of over a dozen river guides (including several Zambian guides and also one non-river guide participant) who had completed a 12-day expedition trip down the Zambezi river during which Larry had kayaked through the main rapids on the river successfully. On the day after the expedition trip ended, most of the same group were doing a day-trip through the main rapids section of the river again along with 3 local river guides (from Zambia and Zimbabwe, with leader Thando Lungu) when the incident occurred. This group of 12 river guides plus 1 non-guide were in 2 paddle rafts and 2 kayaks. The two kayakers were Larry and another expert kayaker and river guide from Mexico (Uriel Arroyo). According to Uriel, who was close to Larry on the water as the incident occurred, they entered Rapid #7 just before 3 pm and kayaked through most of the rapid to the very end section known as Land of the Giants, where Larry entered a big hole that flipped him. [Mr Firman appears to have subsequently drowned attempting to roll the kayak back upright. Attempts to revive him were unsuccessful.] (Facebook, 17th November 2025)

Mnangagwa, Hichilema co-chair Zimbabwe-Zambia BNC

 President Emmerson Mnangagwa and his Zambian counterpart Hakainde Hichilema are co-chairing the inaugural Zimbabwe-Zambia Bi-National Commission (BNC) in Harare on Friday, marking a historic upgrade in diplomatic relations between the two neighbours after 45 years of cooperation.

The BNC replaces the long-standing Joint Permanent Commission on Cooperation, elevating bilateral engagement to a more strategic and results-oriented framework.

The launch coincides with the 45th anniversary of formal diplomatic ties between Zimbabwe and Zambia, rooted in a shared liberation history and decades of collaboration in trade, energy, tourism, and regional integration.

Ministerial and senior officials’ meetings have been underway in Harare since Wednesday, laying the groundwork for expanded cooperation across key sectors.

The BNC is expected to serve as a platform for translating diplomatic dialogue into measurable outcomes that benefit both nations and the broader Southern African region.

The two countries, which share the Victoria Falls and Kariba Dam along Zambezi River, currently cooperate in the areas of energy generation, tourism and the conservation of wildlife resources.

They are working towards the implementation of the joint management plan for the Victoria Falls World Heritage Site and the operationalisation of the 24-hour Victoria Falls-Livingstone One Stop Border Post.

Source: Mnangagwa, Hichilema co-chair Zimbabwe-Zambia BNC (13/11/2025)

See Also

Victoria Falls Bits and Blogs (11th October 2017) Zim engages Zambia on one border post.

Victoria Falls Bits and Blogs (25th October 2018) Zim, Zambia sign four MoUs.

Victoria Falls Bits and Blogs (28th January 2019) Land Shortage Hits Zimra’s Victoria Falls Border Project.

Victoria Falls Bits and Blogs (8th February 2019) Zimbabwe and Zambia to set up one-stop border post in Victoria Falls.

Victoria Falls Bits and Blogs (15th March 2024) Zim, Zambia broaden cooperation.

Victoria Falls Bits and Blogs (14th November 2025) Zimbabwe Extends Victoria Falls Border Post Hours To 24/7.

Victoria Falls Bits and Blogs (15th November 2025) Mnangagwa, Hichilema co-chair Zimbabwe-Zambia BNC.