Online Reporter
Freeman Razemba
Senior Reporter
The Government has signed a US$66,9 million Commercial Joint Venture Agreement for the development of bulk infrastructure and the delivery of water and sewer reticulation, electricity distribution and telecommunications infrastructure in Victoria Falls, laying the foundation for world-class tourism infrastructure.
The agreement is also set to unlock large-scale investment in hotels, villas, chalets, lodges, holiday homes, a golf estate, commercial and financial precincts, medical facilities, a Tourism Academy and the under-construction International Multi-purpose Cricket Stadium.
Officiating at the signing ceremony on behalf of the Tourism and Hospitality Industry, Barbara Rwodzi, the Deputy Minister Tongai Mafidi Mnangagwa described the development as a transformative investment that positions Tourism as a catalyst for infrastructure development, economic growth and job creation through Public-Private Partnerships.
“Following Cabinet’s approval in April 2026 of the Public-Private Partnership, Zimbabwe’s drive to expand Tourism Investment gained fresh momentum with the signing of a US$66.9 million Commercial Joint Venture Agreement between Mosi Oa Tunya Development Company (Private) Limited, a development company under the Ministry of Tourism and Hospitality Industry, and Victoria Seven Investments (Private) Limited under the J.R. Goddard Consortium for the development of bulk infrastructure at Lot 1 of Jafuta Estate in the 271-hectare Masuwe Special Economic Zone, Victoria Falls.
“The project will deliver water and sewer reticulation, electricity distribution and telecommunications infrastructure, laying the foundation for world-class Tourism Infrastructure while unlocking large-scale investment in hotels, villas, chalets, lodges, holiday homes, a golf estate, commercial and financial precincts, medical facilities, a Tourism Academy and the under-construction International Multi-purpose Cricket Stadium. The landmark development advances His Excellency the President of the Republic of Zimbabwe, Cde Dr ED Mnangagwa’s Vision 2030 of an upper-middle-income society and aligns with the National Development Strategy 2 through Sustainable Tourism Investment,” he said.
He said the complementary investments will create an integrated Tourism ecosystem that enhances Victoria Falls’ competitiveness as a premier destination, while the signing marks the realisation of a vision conceived in 2012 for the Masuwe Special Economic Zone.
“Through Mosi Oa Tunya Development Company, Government is leveraging land equity to unlock private sector investment that will strengthen Zimbabwe’s Tourism Infrastructure and Investment Landscape, elevate Tourist experiences, stimulate inclusive Economic growth and further position Victoria Falls as a leading high-value Tourism and Investment destination,” Deputy Minister Mnangagwa said.
