Private Consortium Assumes Control of Strategic Victoria Falls Land, Shifting Economic Leverage

Zimbabwe has transferred a 61% stake in a US$92.5 million land development project near Victoria Falls to the JR Goddard Consortium. This 271.5-hectare project, situated in the Masuwe Special Economic Zone, was intended as a major commercial and tourism hub. The transfer signifies a significant shift in control over a key national asset to a private entity, raising concerns about national interests versus foreign investment and altering future resource control dynamics. The move could impact tourism revenue and local economic leverage, signaling a shift in national asset management strategy.