Airports company eyes 75pc growth in revenue by 2030

Martin Kadzere

The Airports Company of Zimbabwe (ACZ) has projected a nearly 75 percent increase in annual revenue by 2030 as it transitions from a loss-making position to multi-million-dollar profitability.

According to the company’s 2026–2030 strategic plan, the State-owned entity expects revenue to surge to about US$60,3 million by 2030, up from the US$34,5 million forecasted for the 2025 financial year.

Zimbabwe’s aviation infrastructure operator also anticipates an operating profit of US$6 million by 2030 from the US$39 000 loss expected this year.

The strong performance is also premised on projected growth in passenger numbers, which are expected to climb 91,4 percent from 1,83 million this year to 3,5 million by 2030.

Cargo throughput is expected to more than double 10,442 tonnes in 2025 to 21 705 tonnes by 2030.

Similarly, the number of airlines operating in the country is projected to rise from 21 to 26, reflecting a 23,8 percent increase.

A primary driver for this projected revenue growth is the aggressive expansion of non – aeronautical revenue streams.

ACZ is shifting its business model towards the “Airport City” concept, which focuses on developing real estate, hotels and retail hubs within airport precincts.

By diversifying income beyond landing fees and passenger taxes, the company aims to insulate itself from global aviation volatility while leveraging increased tourism and regional trade under the African Continental Free Trade Area (AfCFTA).

The strategy also relies on the continued modernisation of infrastructure, following the recent US$153 million upgrade of the Robert Gabriel Mugabe International Airport, to enhance efficiency and handle the projected doubling of cargo and passenger volumes.

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