Masuwe Special Economic Zone
Where the Fairway Meets the Falls.
Africa's First Government-Declared SEZ at Victoria Falls.
The Commercial Story
Africa's Premier Tourism Node
Cabinet-approved PPP with Mosi-oa-Tunya Development Company (MOTDC). IDBZ-reviewed financial model. Delivering 18-hole golf, three hotels, medical resort, and hospitality university.
Strategic Location
Victoria Falls receives 2.5 million visitors annually with direct international airlift. Masuwe is the first titled, serviced estate in this high-demand node.
Government Backing
Cabinet-approved PPP. 271.5 ha government land equity committed. 25-year SEZ concession with ZIDA registration.
Tax Efficiency
Zero corporate tax for the first five years of operation under SEZ status, rising to 15% thereafter — significantly below standard rates.
Financial Overview
Key Financial Metrics
IDBZ-Appraised Model • Base Case • USD
Revenue Model
Four distinct revenue streams ensuring robust long-term cash flow.
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Year 1 Utility revenues commence
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Year 2 Stand sales begin
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Year 4 Ground leases @ $4.50/sqm/year
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Ongoing Recurring property management fees
Project Timeline
Key Milestones Achieved
Masuwe SEZ Gazetted
General Notice 747 of 2018
Cabinet Approval & ZIDA Registration
PPP confirmed with MOTDC • ZIDA registered
Layout Plan Approved
Department of Spatial Planning, Matabeleland North
Independent Feasibility Study Completed
Comprehensive technical and market analysis
Financial Model Appraised by IDBZ
Independent Development Bank of Zimbabwe review
Phase 1 Cost Estimate Finalised
ZIDA-validated
The Impact Story
Transforming Victoria Falls
Healthcare Access
Two-facility medical resort (13.2 ha) bringing healthcare and wellness infrastructure to a region with limited capacity.
Skills Development
19.6 ha tourism and hospitality university campus aligned with Zimbabwe's SDG 4 commitments.
Employment Creation
Phase 1 creates direct skilled employment across civils, engineering, and project management.
KAZA Conservation
Borders the 520,000 km² KAZA Transfrontier Conservation Area. Bush frontage preserved by design.
Invest in Africa's Premier Tourism Node
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