Business and investment opportunities
CITY OF HARARE
BUSINESS AND INVESTMENT OPPORTUNITIES
HARARE
VISION
Harare to achieve a World Class City Status by the year 2025
MISSION
To provide first class service delivery and promote investment
VALUES
· Commitment
· Integrity
· Transparency
BUSINESS OPPORTUNITIES OBJECTIVES
1. To unlock Council assets value.
2. To increase investment through the promotion of Public Private Partnerships.
3. To ensure sustainable financing of Council service delivery
4. To increase the asset register for the city of Harare
5. To ensure maximum return on council investment
1.0 EXECUTIVE SUMMARY
City of Harare, popularly referred to as the Sunshine City, is the capital of Zimbabwe with an estimated population of more than two million. City of Harare is the hub of economic activities and innovation in the country leading in financial, commercial, industrial and Information Communication Technology. It therefore follows that the Local Authority must provide services that promote and sustain economic growth.
Infrastructure and innovation has been identified as the key enablers of the economic growth across the globe and the City has an important role in ensuring such is provided. More so, the new thrust in Zimbabwe of creating “Smart Cities” is making a distinct foothold in competing for investment in the global arena and the pivotal role the capital city ought to play cannot be underestimated.
The major objective of this business and investment opportunities prospectus is to attract capital investment on identified projects within the city of Harare jurisdiction. Harare has embraced the new national economic discourse to open up business and actualize the vision, Harare to become World Class City by 2025.
The city is adorned with different investment opportunities within its purview that potential investors can pursue on PPP arrangements. These include but not limited to:
· Infrastructure Development in modern malls, schools, street lighting, multi-purpose buildings and bus termini.
· Health sector new clinics, council pharmacies and city radiological services.
· Council Farms – animal husbandry, Horticulture and/ Market Gardening, Floriculture and Fruit Production
· Water infrastructure – new dams, mobile water treatment plans, sewer system rehabilitation, waste water infrastructure.
· Informal sector – vegetable and flea markets, home industries.
· Mukuvisi-Mbare urban renewal investment opportunities.
· Hospitality industry for lodges and hotels, modern parks and entertainment hubs.
· Low cost housing, flats, gated housing schemes
· Solar farms and solar components manufacturing
THE OPPORTUNITIES
1.1 Infrastructure Development
Smart Cities require modern infrastructure anchored with new technologies within and outside CBDs. Most of Harare City’s infrastructure was built pre-independence era and is now in dire need of regeneration as the capacity has been overtaken by population growth, population interests, increased business activities and changes in technologies. A number of Investment opportunities lie within this sector that includes modern malls, schools, street lighting, multi-purpose buildings and bus termini. These projects require capital funding through a partnership arrangement between council and potential investor(s) on PPP arrangements.
Project Name | Project Scope (Description) | Project costs (USD) |
Integrated bus terminus projects | Design and construction of 8 integrated bus terminus inclusive of shopping malls ( charge office, Copa-cabana, market square, 4th street, Golden Quarry, Mbare Regional and Intercity, Seke-Dieppe and Coventry Road-investor found) | 480 billion |
Enterprise Freeway | Enterprise to Alpes with interchanges at Samora Machel, Newlands by-pas and Borrowdale road. | 28 million |
Upgrading of City Major Roundabouts (Traffic Interchanges) | Glenara-Chiremba- Roundabout with filter lanes. | 1million |
Harare drive- Lomagundi Roundabout Grade Separated interchange | 1.2 million | |
Harare Drive- Arcturus New Roundabout | 1 million | |
Harare Drive- Enterprise Roundabout Grade separated Interchange. | 1 million | |
Harare Drive- Borrowdale Roundabout Grade separated Interchange. | 1.2 million | |
Westgate, Kuwadzana Roundabouts Add Filter lanes | 600 thousand | |
Harare Drive- Willowvale Roundabout Grade Separated Interchange | 1 million | |
Road widening projects | Widening of Lytton – Kambuzuma, Chiremba Road, Borrowdale road | 22 million |
Seke Road- Designs and widening at Railway Bridge Underpass | 800 thousand | |
Highfield- Glen Eagles, Lomagundi, Kirkman (from Bishop Gaul to DZ turnoff, Enterprise additional lane, Golden Stairs- Widening from Lomagundi to Defense College and High Glen | 36.8 million | |
Upgrading of high mast lighting and resuscitation of vandalized lighting along bus routes | High Glen/Gleneagles Kuwadzana Roundabout, Warren Park D roundabout. Robert Mugabe – Mutare Road. S Mazorodze Rd, E.D Munangagwa Rd Borrowdale Rd, Seke Rd, Bulawayo Rd Kirkman Rd, Chiremba Rd, Samora Machel Rd, Lomagundi Rd, Second street. Willovale Rd, Highfield Rd, Kambuzuma Rd, high glen Rd and Arcturus Rd | 1.2 Million |
Traffic Signal Projects | Upgrading traffic signals: Samora Machel/ Enterprise Seke / Dieppe, Glenara/ Chiremba, S. Mazorodze / Paisley, Rotten Row/ Jason Moyo, J. Nyerere/K. Kaunda Borrowdale / Harare Drive / E.D Mnangagwa. | 160 Thousand |
Installation of new traffic lights: Bulawayo Rd/ Tynwald Rd (N. Richards). Bulawayo Rd - First Street, Bulawayo Rd – Dzivarasekwa Street, Mutare Rd - Donny Brook , E.D. Mnangagwa/Ridgeway. Kirkman and Monavile, Arcturus/Harare Drive, E.D. Mnangagwa/ Arcturus Rd Harare Drive/ Kirkman, High Glen / Main Street, Masotsha Ndlovu/ First Ave, Masotsha Ndlovu/ Sixth Ave, Willovale / Glen View. | 958 Thousand |