Online Reporter
Online Reporter
ZIMBABWE’S conglomerate Prevail Group, owned by businessman and presidential advisor Dr Paul Tungwarara, has signed an agreement with Burkina Faso’s National Bureau of Major Projects (BN-GPB) to implement a multi-million dollar construction and mining initiative.
The agreement outlines a partnership for the construction of an international conference centre and hotel complex valued at $590 million, presidential residential villas worth $36 million, and housing units costing approximately $4 billion.
The agreement also includes executing projects for SONATUR, Burkina’s national urban land development company and collaborating with SONASP, the state-owned company for precious substances, to structure artisanal mining operations.
The deal was facilitated through the BN-GPB, a state body under the Burkina Faso presidency created in 2024 to manage public-private partnerships and strategic presidential projects.
The bureau’s mandate includes overseeing major socio-economic projects in sectors such as infrastructure, mining, and rural development.
In an interview, Prevail Group Chairman Dr Paul Tungwarara said they are spreading President Mnangagwa’s word that “Africa can only be developed by its people”.
“I am happy to be part of this project. Burkina Faso is copying from His Excellency President Mnangagwa’s nyika inovakwa neve vayo. They prefer development to be done by Africans who have the experience; we are spreading our wings across the continent. We are determined to carry the Zimbabwean flag and bring our expertise to Burkina Faso,” said Dr Tungwarara.
The development extends Prevail Group’s growing footprint in Africa. In Zimbabwe, the company has secured Government contracts including refurbishment of Parirenyatwa Hospital and the US$500 million Mt Hampden Cyber City project.
Prevail Group has also been granted exclusive rights to river rehabilitation works in Zimbabwe .
