• Tue. May 20th, 2025

ANALYSIS| Zim’s US$472 million bet on Tugwi-Mukosi Dam development

ByETimes

May 5, 2025

By ETimes

HARARE – THE Tugwi-Mukosi Combination Master Plan outlines a bold, multi-sectoral development strategy designed to unlock the economic potential of Zimbabwe’s largest inland dam. It seeks to transform the region into a hub for tourism, commercial agriculture, energy production, and rural-urban development.

The plan is notably holistic, integrating land use planning with environmental stewardship and community upliftment. Its strengths lie in this comprehensive approach, which recognizes the interdependence of infrastructure, ecological sustainability, and socio-economic progress.

A major strength of the plan is its forward-looking vision. It anticipates demand for power, food security, climate resilience, and employment generation, which are all critical to national development. Projects like large-scale irrigation schemes and a 15MW hydropower station demonstrate the plan’s alignment with national goals such as Vision 2030 and the National Development Strategy 1.

However, the plan’s feasibility is constrained by several issues. Foremost among them is the sheer financial scale: the full realization of the proposed initiatives is projected to require approximately US$472 million. While this figure reflects the ambition of the plan, it raises concerns about resource mobilization, especially given the economic pressures Zimbabwe faces. The plan suggests reliance on foreign direct investment, public-private partnerships, and donor funding, but lacks a clear financing framework or risk management strategy to attract or secure these resources.

The sector-specific funding requirements outlined in the Tugwi-Mukosi Master Plan are substantial. Tourism development is projected to require approximately US$63.5 million, while irrigation and agriculture initiatives are expected to cost around US$155 million. Urban and infrastructure development is estimated at US$130 million, and the proposed 15MW hydropower generation project is budgeted at roughly US$40 million.

Another critical limitation is the absence of a detailed implementation schedule and institutional roadmap. While the plan promotes environmental assessments and stakeholder inclusion, operational details—such as regulatory frameworks, local capacity building, and monitoring mechanisms—are underdeveloped. This undermines the plan’s ability to inspire confidence among investors and development partners.

Also, despite references to sustainability, the scale of physical development risks ecological degradation if environmental management plans are not rigorously enforced. Climate change resilience is mentioned but not sufficiently integrated into project design.

Public-Private Partnerships (PPPs) and foreign direct investment (FDI) are expected to play a central role in financing the Tugwi-Mukosi Master Plan. To complement these, the government aims to secure additional funding through development finance institutions, infrastructure bonds, bilateral and multilateral donors, as well as by leveraging natural resources and land value capture mechanisms.

The Tugwi-Mukosi Master Plan presents a visionary and potentially transformative agenda, but one that is currently more aspirational than operational. To succeed, it must be grounded in financial realism, strengthened by institutional readiness, and phased with measurable benchmarks to ensure deliverability.

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