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    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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