Vic Falls gets major luxury accommodation boost

 ZIMBABWE’S premier tourism hub and strategic economic corridor, Victoria Falls, is set for another major accommodation upgrade after Econet Wireless Zimbabwe subsidiary, Econet InfraCo, announced progress on the development of the Victoria Falls Private Residences, a high-end project within its premium real estate portfolio.

The development comes as the Second Republic continues to prioritise infrastructure-led economic transformation under the National Development Strategy 1 (NDS2), which identifies tourism, digital infrastructure and private sector investment as key pillars for accelerating economic growth, job creation and foreign currency generation.

Econet InfraCo chairman, Mr Godfrey Gomwe, said the project reflects the company’s broader strategy of unlocking high-value returns in one of the country’s most strategic destinations, while complementing Government efforts to position Victoria Falls as a global tourism and investment centre.

“Econet InfraCo is already a platform at scale. We operate a nationally integrated infrastructure footprint that is anchored along key economic corridors. We have a diversified asset base that is already deployed and performing,” he said.

“Most importantly for our investors, this large-scale physical backbone is secured by long-term contracted assets, providing us with a foundational yield.”

Mr Gomwe said Econet InfraCo should not be viewed through the narrow lens of a conventional tower operator.

“We are not a traditional ‘tower company.’ We are a platform. We are the physical layer upon which our economy will digitise,” he said.

Mr Gomwe outlined the company’s three complementary engines of value — TowerCo, which provides stable cash flows through telecommunications infrastructure; PowerCo, which is driving growth through energy optimisation and solar integration; and PropertyCo, which focuses on strategic real estate monetisation.

The investment aligns with the Government’s drive under the National Energy Policy and the Second Republic’s push for increased private sector participation in renewable energy projects, particularly as businesses increasingly integrate solar solutions into large-scale developments.

Under its PropertyCo division, Econet InfraCo is also advancing the Econet Tech City project, a phased industrial and digital ecosystem expected to evolve into a major hub for data centres, digital infrastructure and technology partnerships supporting Zimbabwe’s ambitions in artificial intelligence and cloud computing.

The project dovetails with the Government’s Smart Zimbabwe 2030 Master Plan, which seeks to transform the country into a digitally enabled upper-middle-income economy through expanded ICT infrastructure, innovation hubs and digital services. “This is not speculative real estate trading; it is the deliberate, phased monetisation of high-value sites,” said Mr Gomwe.

He said the Victoria Falls Private Residences will comprise ultra-modern luxury villas designed to meet growing high-end tourism demand, featuring secure gated access, premium amenities and world-class hospitality standards. “Grand visions, however, require rigorous discipline to translate into shareholder value. At InfraCo, we believe that growth must be driven by execution discipline, not optimism. We do not chase growth for the sake of growth. We enforce a highly disciplined approach to capital allocation,” said Mr Gomwe.

The latest investment also supports the Tourism Recovery and Growth Strategy, which seeks to diversify tourism products, attract premium international visitors and expand accommodation capacity in major destinations. Victoria Falls continues to attract significant public and private sector investment under the Second Republic, with infrastructure upgrades, conference tourism expansion and increased air connectivity reinforcing its position as Zimbabwe’s flagship international destination.

Source: Vic Falls gets major luxury accommodation boost (12/04/2026)