Chadzamira courts pension funds to invest in Masvingo Province
SAMANTHA MADE
Minister of State for Provincial Affairs and Devolution, Ezra Chadzamira, has called on pension funds to channel investments into Masvingo Province across multiple sectors.
Chadzamira noted that tourist arrivals are projected to grow by 8.5% annually, yet hospitality infrastructure remains underdeveloped, creating an urgent need for at least 1,500 new hotel rooms by 2027 to meet demand.
He highlighted the province’s iconic attractions, including the Great Zimbabwe Monument, Lake Mutirikwi, and Gonarezhou National Park, describing Masvingo as an ideal destination for investment.
Speaking at the Zimbabwe Association of Pension Funds convention in Masvingo, Chadzamira said: “Pension funds can invest in eco-lodges, boutique hotels, and conferencing facilities, tapping into a sector with high returns and strong growth potential.”
The minister also emphasized opportunities in mixed-use residential developments that combine affordable housing with retail and commercial spaces, pointing to a housing backlog of over 11,000 units in the province.
“With urbanization rates at 2.3% per annum, this sector offers stable rental yields and long-term capital appreciation,” he added.
Chadzamira highlighted the Lowveld region’s high solar radiance as ideal for solar mini-grid development and urged pension funds to scale up models supporting energy access for irrigation schemes, schools, clinics, and agro-processing hubs.
“This aligns with His Excellency’s commitment to climate resilience and sustainable development,” he said.
Agriculture remains a key sector, but productivity is limited by water scarcity. Chadzamira called for investment in water reticulation infrastructure to unlock the full potential of sugarcane, citrus, and livestock farming.
“A recent feasibility study estimates that ZWL$800 million is required to modernize water systems in Chiredzi and Mwenezi. Pension funds can partner with Government and private players to deliver these critical assets,” he said.
He also pointed to Masvingo’s strategic location as ideal for industrial park development, highlighting opportunities for investment in land servicing, factory shells, and logistics hubs to support agro-processing, manufacturing, and warehousing.
Chadzamira commended the Zimbabwe Association of Pension Funds for promoting governance, transparency, and innovation in the sector and invited them to partner with the province to ensure successful and impactful investments.
“Your efforts in developing risk-based investment frameworks, ESG compliance, and member education are commendable. As Masvingo Province, we stand ready to partner with you, offering land, policy support, and facilitation to ensure your investments are successful and impactful.”
