Business Opportunities

Tourism and Hospitality

Victoria Falls is renowned for its breathtaking waterfall, one of the Seven Natural Wonders of the World, attracting millions of tourists each year. This presents vast opportunities in the tourism and hospitality sector. Entrepreneurs can explore various avenues such as:

• Hotel and Lodge Development: With a growing number of visitors, there is a high demand for accommodations ranging from luxury resorts to eco-friendly lodges.
• Adventure and Eco-Tourism: The region offers numerous adventure activities such as bungee jumping, white-water rafting, and safaris. There is also potential for developing eco-tourism initiatives that promote sustainable travel.
• Tour Services: Establishing tour companies that provide guided experiences of the falls, local wildlife, and cultural sites can be highly lucrative.

Real Estate and Infrastructure

The rapid growth of Victoria Falls as a major tourist destination calls for significant investments in real estate and infrastructure. Opportunities include:

• Commercial Real Estate: Developing retail spaces, office buildings, and mixed-use developments to cater to the growing business community.
• Residential Projects: With an increasing population of expatriates and locals, there is a demand for high-quality residential properties.
• Infrastructure Development: Investment in roads, transportation systems, and utilities to support the expanding urban landscape.

Renewable Energy

Zimbabwe’s commitment to sustainable development opens up opportunities in the renewable energy sector. Investors can explore:

• Solar Power Projects: With abundant sunshine, Victoria Falls is an ideal location for solar energy projects, providing clean and reliable power.
• Hydropower: Leveraging the Zambezi River for small-scale hydropower projects can contribute to the region’s energy needs.
• Wind Energy: Investing in wind farms to harness the wind resources of the area for electricity generation.

Agriculture and Agro-Processing

Victoria Falls and its surrounding regions have fertile land suitable for agriculture. Business opportunities include:

• Commercial Farming: Investing in crops such as maize, tobacco, and horticulture can be profitable.
• Agro-Processing: Establishing facilities to process agricultural products for local and export markets.
• Aquaculture: With access to the Zambezi River, fish farming presents a viable business opportunity.

Technology and Innovation

The digital transformation wave presents numerous opportunities in the technology sector. Potential areas of investment include:

• ICT Services: Providing information and communication technology services to local businesses and government.
• Tech Startups: Launching startups focused on innovative solutions in tourism, agriculture, and other sectors.
• E-commerce: Developing platforms that facilitate online shopping and digital payments for local businesses.

Cultural and Creative Industries

Victoria Falls’ rich cultural heritage offers opportunities in the creative industries. Entrepreneurs can explore:

• Cultural Tourism: Creating cultural experiences that showcase local traditions, arts, and crafts.
• Entertainment: Establishing venues for live performances, art exhibitions, and cultural festivals.
• Crafts and Souvenirs: Producing and selling handmade crafts and souvenirs that reflect the unique identity of Victoria Falls.

Why Invest in Victoria Falls?

Victoria Falls is strategically positioned as a gateway to Southern Africa, offering several advantages for investors:

• Strategic Location: Proximity to key markets in Southern Africa and access to international visitors.
• Favorable Investment Climate: Supportive government policies, investment incentives, and a commitment to economic reform.
• Natural and Cultural Attractions: A vibrant tourism industry driven by the majestic falls and rich cultural heritage.
• Growing Economy: An expanding local economy with opportunities across various sectors.

How to Get Started

The City of Victoria Falls is dedicated to supporting investors and businesses. Here are steps to get started:

1. Contact the Investment Promotion Office: Our team is ready to provide information, guidance, and support for your investment journey.
2. Explore Incentives: Learn about the various incentives available for investors, including tax breaks and grants.
3. Partner with Local Businesses: Build partnerships with local entrepreneurs and businesses to tap into local knowledge and networks.
4. Attend Business Events: Participate in business forums, trade fairs, and networking events to connect with potential partners and investors.