The country’s new political dispensation continues to excite investors with proposals worth millions of dollars from foreign investors intending to invest in the tourism industry having been received over the past few months.
Zimbabwe which is targeting to approve investment worth over $2.5 billion this year is bullish the increased appetite in the country’s tourism sector will translate into real investments.
Tourism and Hospitality Industry Minister Cde Priscah Mupfumira said the ministry is currently inundated by serious enquiries by investors keen to invest in theme parks, convention centres, luxury hotels and sporting facilities in Victoria Falls and other major local tourism destinations.
In line with President Emmerson Mnangagwa’s clarion call that ‘Zimbabwe is open for business’, the cabinet minister said her ministry will continue to lure investors in order to ensure the continued rebound of the sector and to transform the country into a regional tourism hub.
A total of 162 investment projects valued at $1.52 billion were approved last year with approvals worth a mere $17 million processed for the tourism industry, according to figures from the Zimbabwe Investment Authority (ZIA).