The Zimbabwe Investment and Development Agency (ZIDA) has announced a series of high-impact investment opportunities worth approximately US$100 million.
These initiatives aim to tackle urban housing shortages, boost tourism, and position Zimbabwe as a hub for high-tech agriculture.
ZIDA, a government agency dedicated to fostering domestic and foreign investment, plays a pivotal role in investment promotion and facilitation. Its services include showcasing opportunities, participating in international trade fairs, and providing one-stop guidance for investors on regulations, licensing, and approvals.
One of the standout investment opportunities is a real estate project located in Harare’s Central Business District. The plan involves redeveloping three deteriorating buildings into modern 10-story structures with 300 residential units.
“This project will directly support urban regeneration goals outlined in the National Development Strategy 1,” explained Engineer Theodius Chinyanga, Secretary for National Housing and Social Amenities.
Valued at US$28 million, the project will operate under a Build-Operate-Transfer (BOT) model. The government will contribute US$4.1 million in land and professional services, while private investors are expected to cover the remaining US$24 million. The investment will be recouped over a 13-year concession period.
Another notable project is the Prospect Waterfalls Flats development, targeting high-income earners and corporate clients in Harare’s growing housing market. With a value of US$63 million, this project will include 100 three-story blocks, comprising 1,200 units, along with a daycare center and other essential amenities.
Under a Public-Private Partnership (PPP) model, the government will contribute US$10.6 million, leaving private investors to fund the remaining US$52.4 million.
The Hilltop Hotel project, located in the Midlands Province, is set to enhance Zimbabwe’s tourism sector. This 60-room facility is designed to cater to both business and leisure travelers.
With 56% of construction already complete, the project requires an additional US$240,000 to finalize building services, interior finishing, and marketing efforts.
“This investment offers a robust return, with an internal rate of return (IRR) of 53 percent and a payback period of just under two years,” noted Charles Tawonezvi, head of business development for Shurugwi Town Council.
In a significant move for Zimbabwe’s agricultural sector, ZIDA has unveiled the Goromonzi Agro-Industrial Park. Spanning 1,025 hectares, the park will focus on horticulture, cannabis, and industrial hemp production.
“This project is a game-changer for Zimbabwean agriculture,” stated Thabo Ruswa, project advisor for the Goromonzi Agro-Industrial Company.
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