Victoria Falls could be investment hub

victoria_falls2Victoria Falls has the potential of regaining its status as an investment hub on the continent, an international investment company has said.
South Africa-based property and investment company Zimvest said the resort area could potentially become the Cape Town of Zimbabwe in terms of property development within the next decade.


The investment company said the positive changes in the political and economic situation in Zimbabwe had resulted in the creation of a variety of appealing investment opportunities in the country.

Zimvest said Victoria Falls was one of the worlds premier adventure tourism destinations and, despite the economic downturn and challenging political climate, it remained a popular tourist destination.

The number of visitors to the Zimbabwean side of the falls has traditionally been much higher than the number visiting the Zambian side due to the well developed tourism infrastructure in and around Victoria Falls town, as well as the superior view of the falls, said the company.

The company noted that just like Kariba, there had been little or no property development in Victoria Falls and property was at a premium.

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