Econet InfraCo is planning a multimillion-dollar luxury resort in Victoria Falls, as part of the newly-listed platform’s broader strategy to expand into high-end tourism infrastructure.
The development, to be called Vic Falls Lifestyle, will feature 40 luxury residential villas, alongside restaurants, wellness centres and sports facilities. CEO Fayaz King described the project as a significant addition to Zimbabwe’s upper-end tourism offering.
“These will be among the most exclusive residential properties ever developed in Zimbabwe. They are designed to meet the standards of top-tier international hospitality, comparable to presidential suites in leading global hotels,” King says.
The project targets affluent global travellers looking for privacy, exclusivity and integrated services, positioning Victoria Falls further upmarket.
Recently listed on the Victoria Falls Stock Exchange with a valuation of about US$1 billion, Econet InfraCo said the resort will include a 24-hour, 10-bed private hospital with emergency and dental services—an unusual feature aimed at high-net-worth clients.
“Security and privacy are central to the development’s value proposition. The gated resort will include round-the-clock security, catering to investors and visitors seeking a secure, secluded environment,” King says.
The investment model allows buyers to purchase individual villas, with units placed in a rental pool for up to 11 months a year, blending private ownership with income generation. “Victoria Falls requires this calibre of development to attract visitors who not only spend, but also invest in the country,” King adds.
King added that Econet founder Strive Masiyiwa played an advisory role in shaping the concept and is expected to be among the buyers. The company says there has already been interest from local and diaspora investors, as well as international buyers, including Masiyiwa’s associates.
“Land for the resort has been secured, with planning at an advanced stage, and construction is expected to commence before year-end,” said Mr King.
The Victoria Falls resort is Econet InfraCo’s second major project. Its flagship development, Econet Tech City, is planned near Robert Gabriel Mugabe International Airport in Harare, where the company aims to build an industrial and technology hub hosting around 300 businesses on more than 800 hectares.
