Landmines or goldmines? Zimbabwe and Africa’s investment future

Nixon Chekenya

ZIMBABWE’S economic story has often been told in extremes.

To some outsiders, the country, and indeed Africa at large, is viewed as a landmine of risks: political uncertainty, corruption, volatile policies and fragile institutions.

Yet to others, Zimbabwe is a goldmine of opportunity, rich with resources, talent and untapped potential.

The truth is that our economic growth has always been a function of our experiences and our history, and it is this very history that can anchor a brighter future.

The signs of opportunity are clear.

The Tugwi Mukosi Dam in Masvingo is more than a water reservoir; it is a catalyst for irrigation, aquaculture, power generation and tourism.

Victoria Falls, already a magnet for global travellers, offers scope for high-value tourism and eco-investment.

The Great Dyke, running like a spine across the country, holds vast deposits of platinum, chrome and other minerals that the world’s industries depend on.

Beyond physical resources lies our greatest asset: the people of Zimbabwe.

Hardworking, entrepreneurial and resilient, Zimbabweans have carried the economy through its most difficult days.

Combined with a favourable climate and fertile soils, our people and land can drive massive export-led agricultural projects, positioning Zimbabwe as a breadbasket for the region and beyond.

But to turn goldmines into reality rather than let landmines dominate the narrative, foreign direct investment  is essential.

Investors seek not just opportunities, but stability, transparency and policy consistency.

Zimbabwe must show that it can deliver predictable governance and clear economic rules.

If this confidence is built, capital will flow, not just into minerals and tourism, but into people, farms and factories.

This tension between risk and reward extends beyond Zimbabwe.

Across Africa, nations are working to flip the narrative.

Rwanda has transformed governance, Ghana has pursued macroeconomic stability and Kenya has embraced innovation. Africa’s demographic boom, set to produce the world’s largest workforce by 2050, could be seen as a liability, or it could be the continent’s greatest dividend.

Whether the continent is viewed as a landmine or a goldmine depends on how reforms are managed today.

Zimbabwe’s challenge is therefore also Africa’s.

Our history explains where we are, but it does not have to dictate where we go.

With the right reforms, investments in Tugwi Mukosi, Victoria Falls, the Great Dyke and in our people and climate-driven agriculture will redefine Zimbabwe as a hub of resilience and prosperity.

For too long, others have written Africa’s story through the lens of its risks.

It is time to tell it differently and truthfully: that what some see as landmines are, in fact, goldmines waiting for those bold enough to invest.

 

Nixon Chekenya is a PhD student, distinguished graduate student fellow, and teaching and research assistant at Texas Tech University.

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