Multi-million dollar joint venture to transform Vic Falls Special Economic Zone

We  publish here 11th  the post Cabinet media briefing presented by Information, Publicity and Broadcasting Services Minister, Dr Zhemu Soda, in Harare yesterday.

Cabinet noted  and  approved  the  2026  second round  of the crop,  livestock  and fisheries assessment and the cotton production remedial measures reports as presented by the Agriculture, Mechanisation and Water Resources Development  Minister Anxious Masuku.

The report  shows  outcomes  of  estimated  crop,  livestock  and fisheries production for the 2025/2026 summer season as per the following highlights:

The agricultural sector experienced an overall 5 percent growth;

Maize production is expected to  increase  by  2 percent from  2,29  million  tonnes in 2024/2025 to 2,35 million  tonnes in 2025/2026;

Traditional grains are estimated at 390 272 tonnes, comprising sorghum, 290 216 tones; pearl millet, 87 677 tonnes; and finger millet, 12 379 tonnes

Total cereal production for the 2025/2026 season is expected to be 2 739 712 tonnes. The total grain inclusive of the Strategic Reserves is expected to reach 2 876 614 tonnes;

Livestock: goat, sheep, pig and poultry production increased by a range of between 0,3 percent to 29 percent, while various horticultural crops grew by between 10 percent to 44 percent;

Soya bean production increased 129 percent from 41 919 tonnes in 2024 to 96 129 tonnes in 2025/2026;

Cotton production is estimated at 77 212 tonnes, reflecting a 26 percent increase compared to the previous season’s 61 289 tonnes;

Tobacco production is estimated at 378 322 tonnes, compared to 353 452 tonnes, reflecting a 7 percent increase from the previous season;

the national cereals balance sheet to March 2027 shows that the nation  expects surplus cereals ranging from 550 945  tonnes to 964 945 tonnes, according to various consumption patterns.

Cabinet also adopted the following raft of measures aimed at safeguarding the gains achieved in the agricultural sector:

The enforcement of Statutory Instrument 87 of 2025 to encourage local production and purchase of grain along other financing options;

Acceleration of Climate–proofing agriculture at national and household level through Pfumvudza/Intwasa and irrigation development;

The sustained emphasis on agro-ecological tailoring of crops, and soil health fertility management through enhanced agricultural information management systems;

Adequate resourcing of Rural Development 8.0 schemes together with investments in Village Business Units;

The sustained establishment  of Ward           Drought Mitigation Centres    in order to build the resilience of communities against future shocks; and

The revitalisation  of  the  cotton  industry  through  a tailored  corporate rescue initiative for the relevant State-owned enterprise. The other key strategic intervention is the  expeditious  payment  of  farmers  for cotton deliveries.

PROPOSED PUBLIC PRIVATE PARTNERSHIP FOR THE DEVELOPMENT OF BULK INFRASTRUCTURE ON LOT 1 OF JAFUTA ESTATE IN MASUWE SPECIAL ECONOMIC ZONE, VICTORIA FALLS

Cabinet approved the proposed public private partnership for the development of bulk infrastructure on Lot 1 of Jafuta Estate in Masuwe Special Economic Zone, Victoria Falls, between Mosi Oa Tunya Development Company and JR Goddard Private Limited,which was presented by the Minister of Finance, Economic Development and Investment Promotion, Prof Mthuli Ncube.

The Masuwe Special Economic Zone is a flagship National Development  Project  which  the  Second  Republic established in September 2018 with a strategic intent to transform Victoria Falls into a diversified, high-value hub integrating tourism,  financial  services  and  sustainable  real estate.

The  zone encompasses a total of 1 200 hectares of Jafuta Estate, outside Victoria Falls City, and is strategically located within the Kavango-Zambezi Transfrontier Conservation Area.

The proposed projects will entail the surfacing of 8km of internal road network;  the  upgrading  of  9km  of  gravel  roads;  the  construction  of a 13km water pipeline covering the entire 1 200 hectares and the neighbouring communities; the construction of a package water treatment plant, a sewerage reticulation system, effluent re-use storage ponds, a power sub-station; and the provision of management services for the Special Economic Zone.

A rigorous evaluation of  the  project  proposal  was  undertaken  in  line  with the Zimbabwe Investment and Development Agency Act and the Private Public Partnership Guidelines. Under the proposed commercial joint venture, the Mosi Oa Tunya Development Company will contribute 271,5 hectares of Jafuta Estate as equity-in kind, valued at US$25,6 million.

On its part, the JR Goddard Consortium, which comprises of four companies namely: JR Goddard, Sesani; Stewart Scott Zimbabwe; and GGF Africa, will provide US$66,9 million investment for the construction of the bulk infrastructure. The shareholding structure will be 39 percent for the Mosi Oa Tunya  Development  Company and 61 percent for JR Goddard Consortium.

Cabinet noted that if implemented, the project will unlock numerous benefits to the country including catalysing high-value investment, sovereign asset utilisation, strategic diversification of the tourism economy with world class infrastructure, sustainable fiscal contribution to Gross Domestic Product (GDP), downstream job creation and the socio-economic upliftment of communities.

Ultimately, the project  is  expected  to  catapult the transformation of Victoria Falls into a modern and vibrant economic development city, fulfilling the attainment of Vision 2030.

Additionally, the joint venture will incorporate a 25-year  structured  profit recoup period, under the management of a proportionally represented board chaired by Mosi Oa Tunya Development Company and will be guided by the governance framework to ensure strategic alignment with the objectives of the country’s National Development Strategy 2.

REPORTS ON PRIORITY PROJECTS FOR THE FIRST 100-DAY CYCLE OF 2026

Cabinet received reports on progress made in the implementation of priority projects for  the  First  100-Day  Cycle  of  2026,  as  presented  by  the Ministers of Skills Audit and Development; Finance, Economic Development and Investment Promotion; and Information, Publicity and Broadcasting Services.

In terms of the Science, Technology, Innovation and Human Capital Development  thematic area of the National  Development  Strategy 2, the Skills Audit and Development Minister Jenfan Muswere highlighted  the  following key achievements under his purview:

Conducting a Phase 3 skills audit in agriculture which is now at 30 percent completion nationwide; and

Development of a skills development policy which now awaits validation by key stakeholders;

Under the Job Creation, Youth Development, Creative industry and Culture, Dr Muswere highlighted the following projects:

Implementation of a retired experts database project for at least 375 retired experts in Harare Metropolitan Province, which is now 50 percent complete;

Completion of the diaspora skills database in Harare Metropolitan Province which has been completed;

Facilitation of provincial skills fair competitions in five provinces – Matabeleland South, Matabeleland North, Mashonaland West and Mashonaland Central  –which is now 80 percent complete.

In  terms  of  the  Macroeconomic  stability  and financial sector stability thematic area under the National Development Strategy 2, Prof Mthuli highlighted the following key achievements under his purview:

Implementation of the 2026 Budget Employment Costs;

Strengthening the purchasing power of the ZiG currency and entrenching its usage and bringing down inflation to 3,8 percent by February 2026;

Promoting the wider circulation of the ZiG and its availability in all denominations;

Construction of ZIMRA Forbes staff cottages in Manicaland Province which is now 81 percent complete;

Construction of the ZIMRA Plumtree drones operation area in Matabeleland South Province, which is 90 percent complete;

Implementation of the financial sector strategy project which is almost complete; and

Operationalisation of the International Financial Services Centre.

In terms of the Infrastructural and Development Housing Thematic Area of NDS2, the Prof Ncube highlighted the following projects under his purview:

Construction of 30×3 bedroomed cluster housing units in Kadoma, Mashonaland West Province, with seven units having been completed;

Construction of Catholic University of Zimbabwe Students Accommodation Project which is now at 25 percent;

Construction of a 5-megawatt solar plant in Gutu, Masvingo Province; and the  development  of  Spitzkop housing stands project in Gwanda District, Matabeleland South Province, where 133 residential stands have been serviced;

Under the Food Security and Nutrition, Value Addition and Beneficiation Thematic Area of NDS2, Prof Ncube highlighted the following projects:

Strengthening  production  capacity  of the dry tomato powder project in Bulawayo Metropolitan Province;

Strengthening financial inclusion in the women tri-cycle project in Mashonaland East and Manicaland Provinces;

Establishment of the tins feed master project in Bulawayo Metropolitan Province; and

In  the  thematic  area  of  Human  Capital  Development  and Health of NDS2, Prof Ncube highlighted the establishment of the Kumba Care Private Limited Project in Dzivarasekwa and Chiweshe in Harare Metropolitan and Mashonaland Central Provinces, respectively.

 In terms of the Image Building, International Relations and Trade thematic Area of  NDS2 2, the Minister of Information, Publicity and Broadcasting Services, Dr Zhemu Soda, highlighted the following projects under his purview:

Conducting tours to major infrastructure and  development  projects in three provinces under the NDS2 Communication Project;

Implementation of the radio transmitter upgrade at Montrose, Bulawayo Metropolitan Province which is now 60 percent completion;

Upgrading of the outside radio broadcasting van at Montrose Studio, Bulawayo Metropolitan Province which stands at 40 percent;

Modernisation of Mbare Radio Studio in Harare Metropolitan Province which is now 30 percent complete;

Equipping the Pockets Hill radio news booths in Harare Metropolitan Province which is now 70 percent complete; and

Ongoing information awareness and educational programmes conducted through the community mobile cinematography project in Matabeleland South Province.

 

Related Posts

UK pledges to support Zim in UNSC

Zvamaida Murwira Senior Reporter THE United Kingdom has pledged to work with Zimbabwe when it takes up its United Nations Security Council non-permanent seat that it overwhelmingly won early this…

‘Sin taxes’ transform health sector

Rumbidzayi Zinyuke Senior Health Reporter IF you are going to drink that extra beer, eat a pizza, or go aviator betting (chindege), at least your guilt is now funding a…

Leave a Reply

Your email address will not be published. Required fields are marked *

×
×