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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 19 days · First seen · Last updated
Zimbabwe tourism and infrastructure development
Overview
Zimbabwe has initiated several projects to advance national infrastructure and tourism. A US$66.9 million Commercial Joint Venture Agreement was signed to develop the Masuwe Special Economic Zone in Victoria Falls. This public-private partnership between the Mosi-oa-Tunya Development Company and Victoria Seven Investments aims to build essential utilities, including water, sewer, electricity, and telecommunications, alongside hotels, a golf estate, and a tourism academy.
The development plan also includes the construction of an international multi-purpose cricket stadium. To support such modernization efforts, the government has suspended customs duties on specialized sports imports and stadium equipment under Statutory Instrument 142 of 2026.
In the hospitality sector, Meikles Limited has exited its involvement in Zimbabwe’s hospitality industry by selling its 50% stake in the partnership operating the Victoria Falls Hotel to African Sun Limited. This sale allows Meikles to focus on retail businesses, while African Sun gains full operational control of the heritage hotel.
Entities
Victoria Falls Hotel · Mosi-oa-Tunya Development Company · Victoria Seven Investments · Sports and Recreation Commission · Victoria Falls
Timeline
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6 days ago
[BUSINESS] 2 sourcesZimbabwe advances infrastructure through duty waivers and US$66.9M Victoria Falls dealZimbabwe is advancing infrastructure through customs duty waivers for sports facility upgrades and a US$66.9 million partnership to develop the Masuwe Special Economic Zone in Victoria Falls.
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25 days ago
[BUSINESS] 2 sourcesVictoria Falls tourism secures $66.9 million infrastructure deal, hotel ownership changesZimbabwe signs a $66.9 million deal to upgrade Victoria Falls tourism infrastructure, while Meikles sells its stake in the Victoria Falls Hotel to African Sun, shifting hotel ownership.
Sources
newziana.co.zw · skyzmetroradio.co.zw