Victoria Falls courts investors to expand hotel room capacity

 THE City of Victoria Falls is actively courting international investment to address a critical shortage of 2 200 hotel beds and develop world-class infrastructure, as a strategic move set to harness the growing tourism and Mice (Meetings, Incentives, Conferences, and Exhibitions) sector.

The drive is led by the increasing domestic and international arrivals, which underscores a unified vision to transform the resort city into a premier global destination rivaling the likes of Cape Town.

The campaign gained significant momentum recently when the Minister of Tourism and Hospitality Industry, Barbara Rwodzi, together with the Mayor of Victoria Falls, Councillor Prince Thuso Moyo, and Town Clerk Mr Ronnie Dube, hosted a high-level delegation from Qatar.

The engagement, held in the city, was a direct pitch for substantial foreign direct investment in the hospitality and ancillary sectors.

Victoria Falls Town Clerk Mr Ronnie Dube said the city has vast investment opportunities and immense potential.
“Victoria Falls is a destination of choice both from the Government’s perspective and from the city council’s perspective,” he said.

“We have become so busy in terms of Mice, we are very busy in that field, almost every week there is a big event taking place and our challenges have obviously been the accessibility of our destination,” said Mr Dube.

He said there were opportunities for enhanced air connectivity.
“The city is running short of airlines coming through, so I think Your Excellency, with your influence, we can have Qatar Airways flying directly to Victoria Falls so that we can cut our tourists from the Middle East,” said Mr Dube.

Beyond aviation, he outlined critical infrastructure gaps and investment-ready opportunities.
“We also have challenges that relate to aging infrastructure and basic care infrastructure. So, that infrastructure deals with water and sanitation,” he said.

Crucially, Mr Dube confirmed the availability of land for development and highlighted the growing niche of sports tourism.
“There is land available for investment that we can discuss. There are more other opportunities particularly in sports tourism. There is already a cricket stadium that is currently under construction on the outskirts of our city,” he said.

“So, there is a very big opportunity in investing in sports tourism as well. Obviously, in terms of our statistics, Victoria Falls is running short of 2 200 beds for our tourists.”

Minister concurred and provided a comprehensive national context, positioning Victoria Falls as the catalyst for a wider tourism renaissance across Zimbabwe.

She affirmed the Government’s commitment to offering land for development.
“We are here to discuss with you. Victoria Falls is our capital for tourism. We have first, land in Victoria Falls that we can offer to you and that we can offer to your country or your Government to develop tourism infrastructure in our country,” said Minister Rwodzi.

She further addressed the limitations, linking the destination directly to short visitor stays.
“We are lagging behind, particularly in Victoria Falls, but it is all because our infrastructure is not enough. On average, guests are spending two nights. Why? Because activities to do in Victoria Falls are limited,” she said.

A key pillar of the strategy is the development of a purpose-built conference centre to capitalise on the successful Mice track record.

Minister Rwodzi cited a recent event that exposed the infrastructure deficit: “An example is Ramsar that we have just hosted last month, which had 3 000 internationals that came into the country.

But the facility or the infrastructure that we hosted the event was not appropriate for the event.
“So, we are looking into the construction of a conference centre that can have a capacity to accommodate 10 000 people in the town.”

Minister Rwodzi revealed that her ministry holds 260 hectares of prime, serviced land, specifically earmarked for a multi-faceted tourism development.

“In there, a number of facilities can be constructed. There is a financial corridor to be put in that land. There is also a commercial corridor to be put in that land. Accommodation across the board. Chalets, lodges. Hotels,” she said.

While Victoria Falls is the immediate focus, Minister Rwodzi extended the invitation to explore Zimbabwe’s diverse tourism portfolio, from the Eastern Highlands and the Great Zimbabwe Monument to Lake Kariba and Mana Pools, emphasising that investment in infrastructure is the key to unlocking these destinations.

The concerted push by the Government and the Victoria Falls City Council signals a decisive shift from talking about potential to actively creating an enabling environment for large-scale investment.

With a documented gap of 2 200 beds and a compelling vision for integrated tourism development, the world’s adventure capital is rolling out the red carpet, offering global investors a chance to build the future of African tourism.

Source: Victoria Falls courts investors to expand hotel room capacity (29/08/2025)

Zimbabwe cuts tourism fees by half to boost competitiveness

 Zimbabwe has approved sweeping reductions in tourism sector fees, licences and levies, with most charges cut by approximately 50 percent to enhance regional competitiveness.

Tourism and Hospitality Industry Minister Barbara Rwodzi confirmed the reforms following Tuesday’s Cabinet meeting, though the full list of revised requirements will be published later.

“We have specific fees, licences and levies that have been dropped… most of them are cutting across by about half,” Rwodzi said at the post-Cabinet briefing.

The tourism sector overhaul forms part of President Emmerson Mnangagwa’s July directive requiring ministries to implement ease-of-doing-business initiatives across 12 sectors within six months.

Health, agriculture, retail, transport, energy, manufacturing, broadcasting, telecommunications, liquor, construction and financial services are also targeted for reform.

Finance Minister Mthuli Ncube said fee reductions range from 25 to 50 percent, with some charges eliminated entirely. “We have used a very fine tooth comb… and we are sure that this will go a long way in reducing the cost of business,” he said.

The National Competitiveness Centre’s research revealed existing fees made Zimbabwe’s tourism industry uncompetitive regionally and globally, prompting the comprehensive review.

“These fees really have raised the cost of doing business. They render our industry uncompetitive regionally and also globally,” Ncube explained.

Information Minister Jenfan Muswere said Cabinet approved the removal of unjustifiable licences, streamlining of duplicative requirements and reduction of unsustainably high fees.

“The review was undertaken to remove identified unjustifiable licences and permits, levies and fees, streamline duplicative and overlapping licences and permits, and reduce unsustainably high fees and levies,” Muswere said.

The tourism reforms target multiple regulatory authorities including Zimbabwe Tourism Authority, Parks and Wildlife Authority, Roads Authority and Aviation Authority.

Industry stakeholders welcomed the changes after extensive consultations covered accommodation, hospitality, catering, tour operators, boating services and vehicle rentals.

Confederation of Zimbabwe Industries CEO Cornelius Dube called for a single licensing authority for tourism. “There should be a coordinated approach to the acquisition of all licences and permits,” he said.

The current system forces businesses to obtain multiple permits from different agencies through lengthy procedures, creating what stakeholders describe as a “choking regulatory environment.”

Zimbabwe Tourism Authority CEO Winnie Muchanyuka said rationalized costs would inspire confidence among emerging businesses owned by locals.

“The industry had become very expensive and would require lawyers to deal with licensing issues. Lower fees will also attract direct foreign investments,” Muchanyuka said.

The tourism sector contributes 12 percent of Zimbabwe’s GDP and generated $1.18 billion in 2024. Government targets $5 billion in tourism revenue by 2025.

Statistics show tourist arrivals rose 174 percent to 1,043,781 in 2022 from 380,820 in 2021 as COVID-19 restrictions eased. Most visitors came from Africa (66 percent), followed by Europe (17 percent) and Americas (10 percent).

Experts predict Zimbabwe could welcome 2.32 million visitors by 2025, exceeding pre-pandemic levels, potentially reaching 2.78 million by 2028.

The reforms align with Vision 2030 economic goals and follow similar regional initiatives. South Africa recently updated its tourism policy for the first time since 1996.

Transport sector fees affecting tourism, including Zimbabwe Broadcasting Corporation radio and television licences, will also be reduced, Rwodzi confirmed.

Ncube emphasized the six-month implementation timeline runs until December. While starting with 12 sectors, the review will eventually extend across the entire economy.

The comprehensive overhaul addresses longstanding complaints about Zimbabwe’s complex regulatory framework. Businesses currently face what critics call a “labyrinth of permits and fees.”

A Harare supermarket, for example, requires over 30 different licences and permits to remain compliant, creating excessive operational costs that discourage investment.

As Zimbabwe seeks to attract both leisure tourists and business visitors, the fee reductions aim to showcase the country’s natural attractions including Victoria Falls, Hwange National Park and Lake Kariba more competitively.

Source: Zimbabwe cuts tourism fees by half to boost competitiveness (27/08/2025)

Victoria Falls: New vision for accessibility, experience development

(The Zambian Post, 22 July 2025)

Opinion Piece by Kaluwe Libingi

As proud custodians of one of the Seven Natural Wonders of the World - Mosi-oa-Tunya (Victoria Falls), we must continue to strike a thoughtful balance between preservation and innovation. 

While we rightly appreciate the National Heritage Commission's efforts to maintain the natural integrity of the falls, we must also ask: can modern technology enhance the visitor's experience without compromising environmental values? The answer, I believe, is yes.

The Victoria Falls area already has man-made features such as the iconic Victoria Falls Bridge and the Knife Edge Bridge, which blend harmoniously with the natural surroundings,

Building upon this precedent, I propose a transformative upgrade: replacing the current Knife Edge Bridge with a glass-bottom 'cracking' bridge, like those popular in Chine.

These thrilling structures, with their optical illusions of cracking glass, provide safe yet unforgettable adrenaline-filled experiences for tourists.

Imagine walking above the gorge, with the thundering Zambezi beneath your feet, adding an exhilarating layer to the visual and emotional experience of the falls.

It is an innovation that would not only attract global attention but also increase Zambia's tourist revenues and elevate our standing on the international tourism map.

More importantly, our tourism model must become inclusive. Currently, the path to the Boiling Pot, a unique vantage point at the bottom of the falls, is steep and treacherous.

This effectively excludes the elderly, the disabled, and families with young children from experiencing one of the most spectacular views of the falls.

This exclusion contradicts our national values of inclusively and equity.

I propose the construction of a scenic elevator built discreetly into the gorge wall, offering safe, comfortable, and breathtaking access to the boiling pot as seen here in China.

This development would serve not only as a practical solution for accessibility but also as an added tourist feature in itself.

Imagine a panoramic lift offering unmatched views of the gorge as it descends down the boiling pot.

Livingstone town, as the gateway to the Victoria Falls, holds immense untapped potential in my view.

With a functioning international airport, proximity to wildlife, and the unique geography of Kazungual Four-Border Point, Livingstone can be transformed into a regional magnet for investment, tourism and luxury living.

A portion of land on the outskirts could be carefully developed into high-profile residential plots marketed to international celebrities, entrepreneurs and eco-conscious investors seeking privacy and prestige.

These developments would not only inject foreign currency into the local economy but also uplift the profile and real estate value of Livingstone itself.

A holiday home in Livingstone could very well become the 'African retreat' equivalent to a villa in Tuscany or a chalet in the Swiss Alps.

To connect all these innovations, let us dream even further

We already have luxury trains like Royal Livingstone Express and Rovos Rail gracing our tracks.

Why not extend the existing luxury train line from Victoria Falls to Kasane, offering tourists a seamless journey from Zambia to Botswana's wildlife sanctuaries?

This rail extension (renovating the Mulobezi rail track and extending it to Kazungula) would not only complement Kazungula Bridge but also position the Victoria Falls region as a multi-country experience hub, boosting regional cooperation and joint tourism ventures.

It is time we dared to dream.

With careful planning, environmental assessments, and partnerships with local and international stakeholders, Victoria Falls can remain a majestic natural wonder while evolving into a global powerhouse.

By embracing accessibility, modern infrastructure, and visionary development, Zambia can ensure that the falls remain relevant, inclusive, and competitive on the world stage for generations to come.

The author is an international educator currently teaching in China, licensed in British Columbia, Canada, with a doctorate in business administration.

Source: Victoria Falls: New vision for accessibility, experience development (22/07/25)

Unesco World Heritage Committee endorses Mosi-Oa-Tunya/Victoria Falls Declaration

 THE Unesco World Heritage Committee has officially adopted the draft decision on the progress report on the World Heritage Convention and Sustainable Development, acknowledging the Mosi-Oa-Tunya/Victoria Falls Declaration on World Heritage and Sustainable Development in Africa.

The milestone was reached on Saturday last week during the committee's meeting in Paris, France.

The declaration emphasises that Africa's cultural and natural heritage should catalyse sustainable development, peace-building and the promotion of human dignity.

It calls for integrating heritage into national development plans and highlights the importance of empowering communities as custodians and co-managers of heritage.

Zambia's nature expert on the World Heritage Committee, Kagosi Mwamulowe, presented amendments to the draft decision, which were supported by Kenya, Rwanda, Senegal and Zimbabwe.

“The declaration will serve as a foundation for fostering sustainable development projects that will transform the livelihoods of local communities in and around world heritage sites in Africa, while showcasing Victoria Falls as a sustainable tourism model,” Mwamulowe said.

He said the declaration aimed to promote Africa's cultural and natural heritage as a catalyst for sustainable development, peace-building and human dignity.

The committee's adoption of the amended decision requires the World Heritage Centre and advisory bodies to support African State parties in implementing the declaration, subject to the availability of budgetary resources.

However, the Victoria Falls World Heritage Site faces increasing threats from individual and cumulative infrastructural developments.

Unesco's report warns that the site's outstanding universal values could be considered in danger if current development proposals proceed without proper consideration for the environment.

The proposed Batoka Gorge Hydro Electric Scheme has given rise to concerns about its potential impact on the ecological status of the Victoria Falls.

Unesco's World Heritage Committee also called on State parties to revise the Environmental and Social Impact Assessment in line with the Guidance and Toolkit for Impact Assessments in a World Heritage Context.

The Victoria Falls World Heritage Site is also threatened by tourism infrastructural development, noise pollution and waste management issues.

Effective regulation and control of tourism development pressures will be crucial for site managers.

The Joint Integrated Management Plan for the property is being revised to incorporate necessary safeguards and thresholds to mitigate against developmental pressures for the protection of the property's outstanding universal value.

The Unesco World Heritage Committee also expressed concern over the increasing tourism infrastructural development pressures within and around the property, including the start of the construction of the Mosi-oa-Tunya Livingstone Resort Hotel within the buffer zone of the property.

The committee called on State parties to halt further activities until further consultation with the World Heritage Centre and IUCN have taken place and all relevant environmental and social impact assessments have been submitted to the World Heritage Centre and reviewed by IUCN.

It further indicated that the potential impacts of the infrastructural developments on the outstanding universal values of the property should also be adequately assessed.

Source: Unesco World Heritage Committee endorses Mosi-Oa-Tunya/Victoria Falls Declaration (17/07/25)

Zimbabwe Tourism Industry Struggles with a Forty Million US Dollar Revenue Loss in the First Quarter of 2025

 Zimbabwe’s tourism industry is grappling with significant losses, having faced nearly US\$40 million in potential revenue cuts during the first quarter of 2025. This setback is a result of investor departures, ongoing economic instability, and a decrease in consumer spending, undermining one of the country’s most vital economic sectors.

Official reports indicate a substantial 16% drop in tourism revenue, with receipts declining from US\$241 million in the same period last year to US\$202 million. This translates to a daily revenue loss of over US\$440,000, marking the worst performance since the pandemic halted global travel. The sharp decline raises doubts about Zimbabwe’s goal of reaching US\$5 billion in annual tourism revenue, as investor confidence continues to falter, and funding for local tourism operators remains scarce.

The Zimbabwe Tourism Authority (ZTA) reported a 9% decrease in international arrivals, with the number of foreign visitors dropping to 336,369. Domestic tourism also experienced a significant 18% decline, falling from nearly two million last year to 1.6 million. The situation worsens with a US\$2 million decline in new tourism investments, as operators struggle with high interest rates and a reduced consumer spending power.

The 16% decline in tourism revenue has had a direct impact on the country’s GDP, lowering it by 0.09%. With the tourism sector’s multiplier effect estimated at 3.2, the economy is potentially losing up to US$125 million, which represents approximately 0.3% of GDP. This downturn threatens Zimbabwe’s 2025 GDP growth target of 5%, with projections suggesting it could fall to 3.8% if the trend continues.

Amid the national downturn, Victoria Falls remains a bright spot. The region saw only a slight decline in performance, with hotel occupancy rates dropping by less than 2% compared to the previous year. Both large-scale hotels and smaller businesses reported positive results.

Nevertheless, overall national hotel occupancy has fallen to 37%, a decline from 39% last year, signaling a reduction in demand across the country. ZTA data further highlights stark regional differences. European arrivals dropped by 35%, with even steeper declines from Nordic countries (65%), Switzerland (46%), and Italy (43%). Visitors from Oceania, primarily Australia and New Zealand, also saw a significant 51% reduction, possibly linked to challenges in air travel connectivity.

In contrast, Asia showed positive growth. The number of tourists from Malaysia rose by 135%, Japan saw an 86% increase, and China/Hong Kong experienced a 26% boost. These gains may be due to improved bilateral relations or the resumption of direct flights between Zimbabwe and key Asian nations.

The decline in tourism reflects deeper structural issues that need to be addressed. High visa fees, negative perceptions of the country, expensive travel costs, and underdeveloped infrastructure are significant barriers to tourism growth. While improvements to airports are important, factors such as safety, clean water, reliable electricity, and good governance are critical to fostering a successful tourism sector.

This tourism downturn is part of a broader economic struggle. Despite an increase in mining output, foreign exchange earnings from the sector fell by 27% in the first quarter of 2025, leading to a loss of US\$204 million in potential inflows. Weak global commodity prices and logistical challenges are contributing factors to this decline.

Business sentiment is also deteriorating, with companies expressing frustration over the high cost of credit and the scarcity of affordable financing. Reports indicate that lending rates ranging from 40% to 47% are putting a strain on businesses, exacerbating the economic challenges.

As neighboring countries like South Africa experience a rebound in tourism, Zimbabwe faces the risk of falling further behind unless immediate reforms are enacted.

Zimbabwe’s tourism sector is at a crossroads, navigating a tough period with an uncertain road to recovery ahead. The challenges remain significant, and only time will tell if the country can overcome this economic turbulence.

Source: Zimbabwe Tourism Industry Strorty Million US Dollar Revenue Loss in the First Quarter of 2025, as Economic Turmoil and Investor Exodus Threaten Future Growth (07/07/25)

Accor enters Zimbabwe with Novotel Victoria Falls deal

 French hospitality giant Accor has announced its entry into Zimbabwe with the signing of a deal for the proposed Novotel Victoria Falls, marking the group’s first hotel brand in the country.

The agreement was formalised during the Future Hospitality Summit Africa that ended in South Africa on Thursday, positioning Accor as a first mover in one of Africa’s most iconic tourism destinations.

“This signing represents a bold step forward in our development strategy for Sub-Saharan Africa,” said Maya Ziade, Accor’s chief development officer for the region.

He described Victoria Falls as one of the world’s most extraordinary destinations and noted that the group is “proud to bring the Novotel brand experience to Zimbabwe for the very first time.”

“As a first mover, we see this project as a gateway to long-term sustainable growth in the country.”

Scheduled to open in 2028, the 111-room hotel will be developed in partnership with Eagle Real Estate Investment Trust and located in the Eagle Heights precinct, overlooking the Masuwe River.

The property will feature an outdoor pool, kids’ club and all-day dining, tailored to modern travellers seeking comfort and local immersion.

Eagle Asset Managers managing director Bevin Ngara said welcome the partnership with Accor, saying it will bring an international standard of hospitality to Victoria Falls.

“This project reflects our vision of investing in transformative developments that elevate tourism and deliver value to local communities and investors alike.”

The move comes amid rising regional and domestic tourism in Zimbabwe, with Victoria Falls increasingly positioned as a year-round destination.

Victoria Falls – known locally as Mosi-oa-Tunya or “The Smoke That Thunders” – is a UNESCO World Heritage Site and one of the Seven Natural Wonders of the World.

Beyond its dramatic waterfall, the resort town is a magnet for adventure tourism, offering white-water rafting, bungee jumping and helicopter tours.

With over 590 Novotel properties worldwide, the Accor’s debut in Zimbabwe is expected to elevate the country’s hospitality offering and support its broader tourism growth strategy.

Source: Accor enters Zimbabwe with Novotel Victoria Falls deal (20/06/25)

New Report on Victoria Falls Contested Conservation Zone

Keep Victoria Falls Wild, June 2025

A new report, commissioned by Keep Victoria Falls Wild, reviews the protections given under the UNESCO World Heritage Listing and concludes the south-bank riverine fringe, and site of the controversial Baines Restaurant development, is located within the 'Highly Ecologically Sensitive Zone' which affords the maximum level of protection under the Listing - and prevents all new infrastructure development.

Keep Victoria Falls Wild (June 2025) Special Report on the Riverine Fringe (pdf download, 1.8mb)

The text of the 2016 Joint Integrated Management Plan (JIMP), the latest approved plan covering the management of the World Heritage Site, definitively places riverine fringe above the Falls as being within the Highly Ecologically Sensitive Zone (HESZ). (Following quote annotated with additional details in block brackets for clarity).

(i) Highly Ecologically Sensitive Zone (Block 6) - Starting from... the Victoria Falls Bridge, thence north-westwards following the [fenced boundary of VFNP Area B along the road corridor past the] Victoria Falls Rainforest [entrance, following this boundary round to the turning off of the riverside road known as ‘Zambezi Drive’], thence up the Zambezi River [along the line of the road], covering the riverine vegetation strip to where it joins the Zambezi National Park boundary.” (State Parties, 2016, p.29/90)

Map showing boundary of Victoria Falls World Heritage Site management zones.

(click image for larger jpg version - 1 mb).

The report concludes "To interpret the zonation covering the riparian fringe as anything other than within the HESZ would be to conflict with the 2016 JIMP as well as with over 100 years of conservation and protection of the Falls environment... Questions need be asked as to how and why the National Park Director General, then Dr Fulton Mangwanya, could believe that this area was within the MESZ in his approval letter for the Baines Restaurant development (ZPWMA, June 2021). It is beyond belief to imagine that this was a simple mistake or oversight." (KVFW, 2025)

The report also highlights a history of manipulation of information presented in reports to UNESCO and dilution of protections to give false legitimacy to tourism developments in the south-bank (Zimbabwean) upstream riverine corridor (KVFW 2023a, 2024). These include the area of the upstream ZNP missing from the 2007 JIMP map and text descriptions, and which subsequently saw the development of the Victoria Falls River Lodge (opened in 2012), before being confirmed as being within the HESZ in the 2016 JIMP (despite which the area also saw the development of the Old Drift Lodge in 2018). In a second example the area of the upstream riverine fringe surrounding the Elephant Hills Golf Course, identified as being within the HESZ in the 2007 JIMP, is demoted to the MESZ in the map and text descriptions presented in the 2016 JIMP, without the changes being justified or explained, despite commitments by State Parties not to dilute the protections of the WHS. This area is now under threat from the proposed 'Tree Lodge' development.

In addition the report identifies the persistent failure of State Parties to report proposed developments and submit thorough independent ESIA (Environmental and Social Impact Assessment) documents to UNESCO for comment before they are approved.

The report calls for the closure and removal of all illegitimate developments within the World Heritage Site HESZ and a full investigation into how these developments were allowed by the Zimbabwean National Park Authority.

Read More

Keep Victoria Falls Wild (2023a) 2023 State of Development Final Report.

Keep Victoria Falls Wild (2023b) Spotlight on Baines Restaurant.

Keep Victoria Falls Wild (2024) 2024 State of Development Final Report.

Keep Victoria Falls Wild (2025) Special Report on the Riverine Fringe (pdf download, 1.8mb)

State Parties (2016) 2016-2021 Victoria Falls/Mosi-oa-Tunya World Heritage Site Joint Integrated Management Plan. [Available to download from the UNESCO World Heritage website here.]

Zimbabwe Parks and Wildlife Management Authority (June 2021) Application (former Railway Water-Pump Station, Victoria Falls Long Term Lease. Letter from Dr F U Mangwanya, Director-General, ZPWMA, 22 June 2021, Document Q6; Appendix A. [Available to download from KVFW website here.].

Zida courts investors for US$150m Victoria Falls project

 The Zimbabwe Investment and Development Agency (ZIDA) is actively seeking both local and international investors to participate in the development of Lot 1 of Jafuta Estate, a flagship project within the Masuwe Special Economic Zone (SEZ) in Victoria Falls. This ambitious initiative, owned by the Mosi oa Tunya Development Company, covers 271.5 hectares and was officially declared a Special Economic Zone on September 28, 2018, with the aim of establishing a world-class tourism and financial services hub.

The Masuwe SEZ is designed to enhance tourism-related activities by integrating tourism, recreational, and sporting facilities with commercial, medical, and conference centres, alongside an international finance centre and other complementary developments. Victoria Falls, Zimbabwe's premier tourism destination, offers an ideal backdrop for this project, which seeks to address the current shortage of high-quality amenities needed to support the growing tourism sector.

The development of Lot 1 involves extensive infrastructure work, including the construction of roads, water and sewer systems, power grids, and telecommunication networks to support the growth of the zone. Plans also include the building of new villas, lodges, and holiday homes, as well as a tourism and hospitality school aimed at nurturing local talent in the sector.

Commercial and financial services form a major part of the project, with the establishment of a commercial centre featuring retail spaces, office buildings, and an international financial services centre designed to attract global businesses. The project further incorporates two medical centres, a golf course, and a multi-purpose international cricket stadium, with construction of the stadium already underway.

The total estimated cost of the project is approximately US$150 million. Core infrastructure is expected to cost about US$81.6 million, while medical centres will require US$15.9 million. The construction of villas and holiday homes is projected at US$7.8 million, and the commercial and financial services centre will need around US$17 million. The tourism and hospitality school is estimated at US$10.7 million, the golf course at US$10 million, and the cricket stadium at US$7.5 million.

ZIDA is highlighting the project's potential to create significant employment opportunities, boost local economies, and position Zimbabwe as a competitive player in the global tourism and financial services markets. To attract investors, the agency is offering various incentives, including tax breaks, streamlined regulatory processes, and guaranteed repatriation of profits.

With its strategic location, comprehensive development plan, and strong financial incentives, Lot 1 of Jafuta Estate presents a prime opportunity for investors seeking to capitalise on Zimbabwe's expanding tourism and financial sectors.

Source: Zida courts investors for US$150m Victoria Falls project (02/06/2025)

Zimbabwe And Zambia Renew Investor Search For Batoka Gorge Project

 Zimbabwe and Zambia, through the Zambezi River Authority (ZRA), have revived the Batoka Gorge Hydropower Project, a 2,400-megawatt facility planned downstream of Victoria Falls, which remains one of their most ambitious initiatives.

First proposed in 1992, the site, about 54 kilometres below the falls, was identified for its hydroelectric potential.

Backed by early feasibility studies from the World Bank, the project was meant to boost power supply for Zimbabwe and Zambia and reduce regional energy shortages.

However, progress stalled due to strained international relations, environmental concerns, and a lack of funding.

The project was dormant until 2012, when renewed interest led to a 2014 memorandum of understanding between Zimbabwe and Zambia.

The African Development Bank supported updated studies, and in 2019, General Electric (GE) of the United States and Power Construction Corporation of China were awarded the contract under a build-operate-transfer model.

However, the COVID-19 pandemic, questions over procurement transparency, and Zambia’s 2023 withdrawal from the deal further derailed progress.

ZRA is now intensifying efforts to attract new investors to the Batoka Gorge project.

ZRA Chief Executive Officer Munyaradzi Munodawafa confirmed that a dedicated project team has been established to spearhead the resource mobilisation campaign. He said:

The ZRA has formed a team that will court investors in the proposed 2,400-megawatt facility. This facility will be located near the World Heritage Site, Victoria Falls.

He said the resource mobilisation drive is expected to run for the next 12 to 18 months, depending on investor interest, market conditions, and ongoing political backing from both Zimbabwean and Zambian governments.

Zambia and Zimbabwe have also set a September 2025 deadline to pick new bidders, following the cancellation of the 2019 deal.

Source: Zimbabwe And Zambia Renew Investor Search For Batoka Gorge Project (1/6/25)

Zida courts investors for US$150m Victoria Falls project

 The Zimbabwe Investment and Development Agency (ZIDA) is actively seeking both local and international investors to participate in the development of Lot 1 of Jafuta Estate, a flagship project within the Masuwe Special Economic Zone (SEZ) in Victoria Falls. This ambitious initiative, owned by the Mosi oa Tunya Development Company, covers 271.5 hectares and was officially declared a Special Economic Zone on September 28, 2018, with the aim of establishing a world-class tourism and financial services hub.

The Masuwe SEZ is designed to enhance tourism-related activities by integrating tourism, recreational, and sporting facilities with commercial, medical, and conference centres, alongside an international finance centre and other complementary developments. Victoria Falls, Zimbabwe's premier tourism destination, offers an ideal backdrop for this project, which seeks to address the current shortage of high-quality amenities needed to support the growing tourism sector.

The development of Lot 1 involves extensive infrastructure work, including the construction of roads, water and sewer systems, power grids, and telecommunication networks to support the growth of the zone. Plans also include the building of new villas, lodges, and holiday homes, as well as a tourism and hospitality school aimed at nurturing local talent in the sector.

Commercial and financial services form a major part of the project, with the establishment of a commercial centre featuring retail spaces, office buildings, and an international financial services centre designed to attract global businesses. The project further incorporates two medical centres, a golf course, and a multi-purpose international cricket stadium, with construction of the stadium already underway.

The total estimated cost of the project is approximately US$150 million. Core infrastructure is expected to cost about US$81.6 million, while medical centres will require US$15.9 million. The construction of villas and holiday homes is projected at US$7.8 million, and the commercial and financial services centre will need around US$17 million. The tourism and hospitality school is estimated at US$10.7 million, the golf course at US$10 million, and the cricket stadium at US$7.5 million.

ZIDA is highlighting the project's potential to create significant employment opportunities, boost local economies, and position Zimbabwe as a competitive player in the global tourism and financial services markets. To attract investors, the agency is offering various incentives, including tax breaks, streamlined regulatory processes, and guaranteed repatriation of profits.

With its strategic location, comprehensive development plan, and strong financial incentives, Lot 1 of Jafuta Estate presents a prime opportunity for investors seeking to capitalise on Zimbabwe's expanding tourism and financial sectors.

Source: Zida courts investors for US$150m Victoria Falls project (01/06/2025)