Kwekwe lures new investors

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KWEKWE City Council, which is working with Zimbabwe Investment and Development Agency (ZIDA)
in packaging and marketing investment opportunities, has managed to lure a number of investors in
a development that is expected to create over 1 000 jobs and increase the local Gross Domestic
Product (GDP) in the district.
To facilitate private sector led investment, Kwekwe is working on improving the ease of doing
business and reducing the cost of doing business by providing an enabling environment for private
sector investments to thrive.
The local authority is also at an advanced stage of twinning arrangements with other regional and
international cities as it positions itself as an international investment destination of choice.
Kwekwe City Council Finance Committee chairperson Councillor Silas Mukaro was happy to
announce that the city had recorded a number of investors, which include Global Union Alloys,
Bentouch, OK Zimbabwe (Bon Marche), DCK, Dendairy and Zimasco.
The investment, he said, will lead to employment creation of over 1 000 jobs, increased local GDP
and improved standard of living in the district.
He said council was working closely with ZIDA in packaging and marketing investment opportunities
existing in the city.
The Finance Committee chairperson said priority investment opportunities include biogas
production, solar power generation, quarry stones crushing and water bottling.
He said with a population of 119 863 (ZIMSTAT 2022), Kwekwe has investment opportunities for
strategic partnership areas such as wire making, iron and steel, ferrochrome, fertilizer
manufacturing, mining and other related industries.
Kwekwe city intends to expand the water treatment plant at least double capacity by 2030 to cater
for increase in population due to city expansion. The city also supplies water to neighbouring Redcliff
town.
He said the city has prime unserviced land for the new CBD at Railway Reserve area. Commercial
malls are earmarked to be developed at Mbizo 21, 17 Extension and Southwood Shopping Centres.
“These mega developments will truly move Kwekwe City towards a smart city status by 2030
brought by private sector driven development. Our Local Authority will consider borrowing funds to
finance the projects. The City is going to grow the housing units through high rise buildings under the
urban renewal programme,” said Cllr. Mukaro.
He said the manufacturing Industry will contribute about 20 percent to the Provincial GDP by 2030.
“Main projects subsectors which investors are encouraged to undertake are milk processing, and
mineral beneficiation and iron and steel works Investments in these areas will definitely move the
national economy up the value chain and aid in attaining macroeconomic stability,” said the Finance
Committee chairperson.

Kwekwe city plans to include Micro, Small and Medium Enterprises in the industrialisation drive and
will go into partnership with Development Partners and BOT strategies to build infrastructure for
SMEs.

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