Zimbabwe Parks and Wildlife Management Authority

2017

Investment Prospectus

Designed and Published by Zimparks Commercial Services Division 2017

For information on how to invest in the parks estate contact the Commercial Services Division Zimbabwe Parks and Wildlife Management AuthorityNational Botanical GardensSandringham Drive Corner Borrowdale RoadAlexandra ParkP. O. Box CY164 CausewayHarareZimbabwe

www.zimparks.orgemail: commercial@zimparks.org.zwPhone +263 - 4 - 707624-9 +263776 134 164

ForewordZimbabwe is a country endowed with unique natural resources. With a rich culture of hospitality it ranks among the top tourist destinations in Africa.

The country’s commitment to conservation has resulted in remarkable growth in populations of key mammallian species such as the African Elephant Loxodonta africana whose population exceeds 84,000.

The country boasts of three Unesco World Heritage Sites one of which is also a Natural Wonder of the World, that is, the might Victoria Falls.

With over 76 mammal and 650 bird species viewed by over 1 Million international and domestic visitors in its various protected areas, Zimbabwe’s wildlife based tourism product is projected to be a $5 billion industry by the year 2020.

The Zimbabwe government is committed to environmental conservation and recognises the economic benefits of sustainable utilization of this resource. Zimparks is mandated to enter into partnerships, lease agreements and joint ventures in view of generating revenue for the conservation and protection of Zimbabwe’s wildlife resource.It is our hope that this prospectus will provide the investor with the information necessary to consider visiting the country to acquaint oneself with the business opportunities

13% of Zimbabwe’s total land, that is an excess of 5 million hectares comprises various protected areas designated for wildlife and natural habitats.A

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The Zimbabwe Parks and Wildlife Management Authority (ZIMPARKS) was established by an Act of Parliament in 2001.

The Authority is mandated to conserve Zimbabwe’s wildlife heritage through effective, efficient and sustainable protection and utilisation of natural resources for the benefit of present and future generations. It protects the wildlife population of Zimbabwe.

At the helm of the organisation is the Director General who is an ex-officio member of a Board of Directors Appointed by the Ministry of Environment Water and Climate.

The organization has 3 key divisions overseen by two Deputy Director Generals for Conservation and Tourism & Support Services.

The Authorities key value proposition is in real estate. The approximately 2

50,000km estate comprises of the following land classifications: National Parks ,Recreational Parks, Sanctuaries, Safari Areas ,Botanical

Reserves, and Botanic Gardens

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ZIMBABWE PARKS ESTATE

TYPE OF PARK STRATEGIC ROLE

National Parks(11 in number)(2 703 860 ha)

Preserve and protect the natural landscape

and scenery therein, and to preserve and protect wildlife and natural ecological stability of wildlife communities therein for the enjoyment, education and inspiration of the

public.

Recreational Parks16 in number(363 961 ha total area)

Preserve and protect the natural features therein for the enjoyment, benefit and recreation of the public

Sanctuaries(6 in number)(134 720 ha)

Area set aside to afford special protection to all animals or particular species of animal in the sanctuary concerned for the enjoyment and benefit of the public

Safari Areas(16 in number)(1 894 184 ha)

Preserve and protect the natural habitat and the wildlife therein in order that facilities and opportunities may be afforded to the public for camping, hunting, fishing, photography, viewing of animals, bird-watching or such other pursuits that may be permitted therein.

Botanical Reserves (12 in number)(5 916 ha)

Preserve and protected rare or endangered indigenous plants or representative plant communities growing naturally in the wild for the enjoyment, education and benefit of the public.

Botanic Gardens (3 in number) (595 ha)

Propagate and cultivate exotic and indigenous plants for the enjoyment, education and benefit of the public.

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Imbila Lodge, Matopo NP

OUR COUNTRY

General Economic OverviewQuick FactsTourism

“Zimbabwe is a landlocked country located in Southern Africa that shares its borders with South Africa, Botswana, Mozambique and Zambia. The topography of the country is mostly high plateau coupled with mountains in the Eastern highlands..

The country is a choice destination for adventure and wildlife travellers. It has some of the most abundantly populated wildlife reserves that offer a unique safari experience.”

GENERAL

ECONOMIC

OVERVIEW

Zimbabwe is endowed with rich mineral resources such as gold, diamonds, asbestos, chrome, coal, platinum, nickel, petroleum and copper, abundant productive land resources, a diversified industrial base , wildlife and other natural resources. These resource e n d o w m e n t s m a k e m i n i n g , a g r i c u l t u r e , manufacturing and tourism the main pillars of the economy.

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Capital Harare

Population 12,5 Million

Currency Multicurrency, US$ ZAR, BWP Yuan

Area Total 390,757km2

Water Bodies Area 3,910km2

Language(s) Commercial Language English Shona, Ndebele 9 Official

Electricity Source Hydroelectric/ Coal Fired Stations 220v 50Hz

Time Zone GMT +2

Access 3 Major International Airports - Harare, Victoria Falls, Bulawayo. Major Airlines - Emirates, Ethiopian, Air Zimbabwe, Fast Jet, SAA Airlink

Literacy Rate 93%

Religion Multi Religion, Predominantly Christian

Climate Tropical, moderated by altitude. There is a dry season, including short cool season from May to September. Rainy season typically November to March.

QUICK FACTS

Square Lipped Rhinoceros, Ceratotherium simum African Elephant Loxodonta africana

TOURISM

Tourism currently contributes 10% to the national economy and has the potential to grow to 15%. The sector grew by 3.4% with average national hotel room and bed occupancy, 59% and 41% respectively.

Source: ZTA

The successful co-hosting of the UNWTO General Assembly in August 2013 with Zambia at the Victoria Falls underscored the position of Zimbabwe as a destination of choice. Investors should not to miss the opportunity presented by the evident increase in the numbers of travellers since 2013.

THE OPPORTUNITY

Photographic ConcessionsExclusive Tourist ResortsHotelsLodgesTourist Adventure ActivitiesHunting ConcessionsIvory BeneficiationSkins and HidesCrocodile FarmingFish FarmingOrnamental PlantsConservation PartnershipsGame Ranching (Breeding)

Park Province District Size (Hectare)

Chizarira Mat North Binga 191 000

Gonarezhou Masvingo Chiredzi 505 300

Matusadonha Mash West 140 700

Chimanimani Manicaland Chimanimani 17 110

Mana Pools Mash Central Hurungwe 219 600

Kazuma Pan Mat North Hwange 31 300

Hwange Mat North Hwange 1 465 100

Victoria Falls Mat North Victoria Falls 2 340

Zambezi Mat North Victoria Falls 56 010

Nyanga Manicaland Nyanga 47 150

Matopos Mat South Matobo 42 400

Parks and Wildlife Estate Protected Areas Listing

National Parks

Park Province District Size (Hectare)

Pioneer - Tuli Mat South Beitbridge 38

Tolo River Mat South Beitbridge 44

South Camp Mat South Beitbridge 26

Chisekera H/Spr Masvingo Chiredzi 95

Mawari Raphia Mash Central Mt Darwin 34

Tingwa Raphia Mash Central Mt Darwin 290

Haroni Forest Manicaland Chimanimani 20

Rusitu Forest Manicaland Chimanimani 150

Sebakwe Acacia Midlands Kwekwe 60

Sebakwe Mount Midlands Kwekwe 53

Sebakwe G/D Midlands Kwekwe 165

Bunga Forest Manicaland Mutare 495

Vumba Manicaland Mutare 42

Parks and Wildlife Estate Protected Areas Listing

Botanical Reserves

Park Province District Size (Hectare)

Vumba Botanical Manicaland Mutare 200

Ewanrigg Mat East Goromonzi 286

Parks and Wildlife Estate Protected Areas Listing

Botanical Gardens

Sanctuaries

Park Province District Size (Hectare)

Maniinii Pan Masvingo Chiredzi 300

Eland Manicaland Chimanimani 1 800

Mbaze Pan Mat North Nkayi 40

Nyamaneche Mash Central Guruve 2 480

Mushandike Masvingo Masvingo 12 900

Park Province District Size (Hectare)

Lake Kariba 287 200

Chibwatata Mat North Binga 6

Kariva Mat North Binga 50

Ngezi Midlands Kadoma 5 800

Umfuli Mash West Chegutu 12 700

Darwendale Dam Mash West Zvimba 11 200

Lake Cuningham Mat South Insiza 4 172

Chinhoyi Caves Mash West Makonde 120

Manjirenji Masvingo Zaka 3 400

Lake Chivero Mash West Zvimba 6 180

Sebakwe Midlands Kwekwe 2 600

Kyle Masvingo Masvingo 16 900

Mzingwane Mat South Umzingwane 1 233

Bangala Masvingo Zaka 2 700

Parks and Wildlife Estate Protected Areas Listing

Recreational Parks

Investment Overview

The Authority conditions of leasing land comprise of “Concessions” that are fixed portions of land located within protected areas that the tenant has exclusive access rights to.

An investor is permitted to construct infrastructure that conforms to the provisions of the act including staff houses that have minimum impact on the Environment.

The concessions can be leased for over 10 years to allow investors adequate time to obtain a return on their investment

International Status

World Heritage Sites

The Parks and Wildlife Estate has three Unesco World Heritage Sites that are: Mana Pools National Park,

Matopos National Park Victoria Falls

Other Status include RAMSAR important Bird Areas for Mana Pools

Mana Pools National Park

Matopos National Park

WESTERN REGION

Major Towns Victoria Falls, Hwange, Lupane, Bulawayo, Gwanda, Beitbridge, Plumtree

Access Victoria Falls Int Airport, Joshua Mqabuko Airport Hwange Airport & Airstrips in Parks Estate

Major Tarred Highways from Beitbridge to Victoria Falls, Gravel Roads in Parks Estate Railway Line from Beitbridge to Victoria Falls Linking South Africa and Zambia

ADMINISTRATIONThe parks estate is administered under four regions, namely Western, Southern, Central and Northern.

The regions have natural resource endowments and infrastructure developments that compliment the investors needs

WESTERN REGIONVictoria Falls, Zambezi National Park

o oGPS 17 56'34.89”S 25 51'54.65E

PROJECT & SIZE PROJECT DESCRIPTION

Zambezi National ParkGolf Course & Time Share Resort

210km

Exclusive Wilderness theme golf course with luxury eco-friendly accommodation villas within 20km of Victoria Falls

Zambezi National Park

Tsowa Island21km

Luxury Lodge located in an island on the mighty Zambezi River 13km from Victoria Falls

Victoria Falls Helicopter Rides

Joint Venture with Parks Authority to operate helicopter rides - Authority has one helicopter

Zambezi National ParkTourist Activities

Game Drives (Safaris)Permit to conduct game viewing with tourists in a park with the Big 5Boat Cruises in the Zambezi RiverPermit to operate sunset cruises for tourists

Zambezi National Park7 Star Hotel

21km

Construction of an exclusive 7 hoteloffering private Game Drives in Chamabondo and Guided tours of Victoria Falls

Zambezi National ParkKandahar Camping Site

21km

5 Tented Safari Lodge Overlooking the Zambezi River offering Boat Cruises, fishing, and safaris

WESTERN REGION

Name of ParkSizeEntrance Location

PROJECT DESCRIPTION & OPPORTUNITIES

Matobo National Park44 500 ha

o20 24’39.66” So28 30’23.42” E

A UNESCO world Heritage Site of historical cultural and spiritual significance for Zimbabwe.

Criterion Farm Amusement Park near Bulawayo Caravan and Camping Site Development 5 Lodge with granite boulder

architecture Hot Air Balloon Rides for Scenic Viewing Tshabalala Exclusive Safari Lodge in Private

Game Reserve

Hwange National Park214 650 km

o18 41’10.28” So26 56’12.54”E

The largest game reserve in Zimbabwe called home by 107 species of animals and over 400 species of birds

The Park has an Airport 10km away, and is 180km from Victoria Falls

Exclusive 1km2 concessions for Luxury Safari Lodges

Tented temporary safari camps.

Lake Cunningham Commercial Fish Farming

Fishing Campsite and Lodges for Sport Fishing

Tuli Construction of Lodges and Campsites in Pioneer Area of historical significance

Robins Camp Hwange Construction of 4 Star Safari Lodge

NORTHERN REGION

Major Towns Kariba, Chinhoyi, Karoi, Harare, Chegutu, Kadoma

Access Harare International, Kariba, Charles Prince Airport, Bumi Hills Airstrip & Parks Airstips

Major Tarred Highways from Harare to Kariba, Chinhoyi, Chirundu, Zambia, Parks Estate Gravel Roads Railway Line from Harare to Chinhoyi

NORTHERN REGIONLake Kariba, Mana Pools, Safari Areas, Lake Chivero, Ewanrigg

PROJECT PROJECT DESCRIPTION

Mana Pools(Zambezi River Front and Main Park)1km2GPS

O15 58'40.57” S O29 27'18.24”E

Exclusive Tented Photographic Safari Lodge Concession Sites Visitor Activities - Canoeing in Zambezi River

Lake Chivero Recreational Park(30km from Harare)GPS

O17 .54'44.27 S O30 .47'18.67E

Theme Amusement Park 5 Lodge in Game Park Featuring

2Rhinoceros overlooking waterfront. 1km2International Conference Centre 1Km

Zoo and WatersportsHealth Spa

Chinhoyi Caves Recreational Park200haGPS

O17 21'25.19”5 O30 07'49.09” E

Theme Amusement ParkRestaurant for In Transit Tourists to Kariba and Mana PoolsAnimal Park (Mini Zoo)

Ewanrigg Botanical Gardens

Ornamental Plant Exports - CycadsAloe Vera Propagation and Oil Extraction PlantFamily Entertainment and Conference CentreTheme Restaurant - [Chinese, Thai, Traditional]Game Ranching Impala for meat and hides

Darwendale DamGPS

O17 49’17.61” SO30 32’11.13.64”

Fish FarmingExclusive Fishing Lodge in Park Watersports and Visitor Entertainment Resort on

2Norton Bank 1km2Animal enclosures 2km in Game Park

NORTHERN REGIONLake Kariba

PROJECT PROJECT DESCRIPTION

Charara Safari Area

2Musambarakuma 0.6km Fishing ,cruising and picnic sites.

2Antelope Island 0,6 km Lake view ,cruising ,lodges and chalets

2Kuburi 0,1km Lake view ,game view ,boat cruising ,lodges\chlets.

2Nyamasowe 0,2km Rafting along Zambezi River ,game viewing , photographing safari ,game trails ,mountain hiking.

2Mushuma 1km Game viewing ,photographic safari , bird watching, chalets

2Information centre 1km Outdoor braai, leisure activities.

2Gatche Gatche 1km Fishing ,game viewing ,game trails ,photographic safaris.

2Gatche Gatche 2 1km Fishing, game viewing , game trails ,photographic safaris

2Gatche gatche 3 1km Fishing ,game viewing , game trails ,photographic safaris.

2 Chimwa 1kmChipise spring 2km2 Hot spring view ,4x4 , ,sporting ,mountain hiking , campingRedcliff 0,4km2 Restaurant

SOUTHERN REGION

Major Towns Masvingo, Mutare, Nyanga, Chimanimani, Chiredzi

Access Masvingo Airport, Buffalo Range, Parks Airstips

Major Tarred Highways Between all major towns Gravel road within parks estate Railway Line from Masvingo to Chiredzi, Harare to Mutare

SOUTHERN REGIONNyanga, Vumba, Chimanimani, Save Valley, Tokwe Mukosi, Kyle

PROJECT PROJECT DESCRIPTION

Nyanga National Park Trout Fish Farming Charcoal Production from Wattle Tree Plantations. Timber Processing of Pine Trees from Plantation Lease and Renovation of Mare and Udu Dam

Lodges Highlands Sports Training Academy

Kyle Recretional Park

GPSO20 14’20.17”O31 01’20.31”

Popoteke Gorge Safari Lodge and Skywalk 2Bridge 1km

Lakeshore Photographic tourism Sites on Lake Mutirikwi for Exclusive Holiday Resorts

Island Restaurant overlooking Dam Wall Fish Farm Rhino Conservation Joint Ventures Houseboats, Microlites

Vumba Botanical Gardens

Exclusive 5 Hotel and Golf Course in Bunga Forest

Construction of Lodges in Vumba Botanical Gardens

Campsites, Hot Air Balloon, Microlites

Tokwe Mukosi Dam Establishment of a Recreational with Exclusive Water Front tourist Resort including 5 Accommodation Villas

Houseboats. Fish Farming Crocodile Farming

Chimanimani(Eastern Highlands)

Exclusive Adventure Hiking Resort featuring ZiplinesBridal Veil Falls Health Spa Resort and LodgesSpring Water Bottling Project

CENTRAL REGION

Major Towns Kwekwe, Gweru, Ngezi

Access Airstrips in Parks Estate, Bumi Hills, Fothergill

Gravel Road to Matusadonha and Chizarira

CENTRAL REGIONMatudadonha, Chizarira, Lake Kariba Islands, Sebakwe

PROJECT PROJECT DESCRIPTION

Matusadonha National Park

GPSO16 52’31.60”SO28 32’01.59”E

Islands in Lake KaribaConstruction of Luxury Island Holiday Resorts

2 Fothergill Island 3km

2 Starvation Island 1km

2 Namambere Island 9km

Construction of Eco-tourism Bush Camps

Maronga Bush Camp2

Musango 0.5km2

Chura 1km2

Kunjedza 1km2

Mhukadzapera 1km2

Jenje 1km

Chizarira National Park Conservation Joint Management of Park Eco Tourism Safari Lodge

Sebakwe Dam Recreational Park

Construction of Fishing LodgeFish Farming

Ngezi Recreational Park(located near platinum mine)GPS

O18 42’38.97”SO30 23’53.62” E

Construction of Fishing Expedition LodgeRestocking WildlifeFamily Entertainment Facility

2Fish Farming 10km

OTHER SPECIAL INVESTMENTS

PROJECT PROJECT DESCRIPTION

Game Breeding Breeding of special high value species for resale and export such as Sable Hippotragus niger

SitesMushandike (SR) Nyamaneche (NR) Tshabalala (WR) Eland Sanctuary (SR)

Ostrich Farming Commercial rearing of Ostriches for the skin and meat. the leather is used for fashionable clothing

Ivory Value Addition Manufacturing Artefacts from Ivory

Skins and Hides TaxidermyTrophy ManufacturingManufacture of leather Fashionable products from hides Rug Mounts

Game Ranching Rearing of fast breeding game species for meat and tanning of hides for leather such as Impala

Team Building Exericise Construction in Recreational Parks and Botanical Reserves of team building obstacle courses for corprate, school and special group trainings.

Destination Management Company

Investment in tourism logistics through provision of transport and activities - Joint Venture

DOING BUSINESS IN ZIMBABWE

General Tax Regime

Company Registration

Employment Permits

Residents Permits

Consular Services

Other Business Factors

Foreign investors and visitors may bring unlimited amount of foreign currency into the country, and corporate entities and individuals may open FCAs with local banks. The country uses a basket of currencies that include the Bond note, US dollar, Rand, Pula, Yuan, only to mention a few. Investors are also allowed at disinvestment to repatriate 100% of initial capital investment. All tourism businesses are regulated by the Zimbabwe Tourism Authority

General Tax Regime in Zimbabwe

The tax regime in Zimbabwe is liberal and progressive hence provides a good environment for long term investment. Attractive tax incentives are offered to investors undertaking investments in different sectors of the economy. The general tax incentive/measures offered to investors undertaking investment at/ in different sectors are as follows.

General Tax Regime

-100% remittance after tax profits 15% corporate applied for the first 5years of operation in a road and sanitation or Water facility construction

Duty exemption on imported capital goods

Taxable income from manufacturing orprocessing company that exports 50% or more of its output is taxed at a reduced rate 20%.

BOT /BOOT/PPP projects and taxed At variable rates of tax, depending on years and increases every five years to 30%until after 16 years

Duty free importation of raw materials for the manufacture of goods for export: provision exists for drawback of certain duties applicable to imported goods, raw materials and Components used in manufacturing, processing or for export under the inward processing rebate scheme.

Five years tax holiday for companies that invest in an approved Tourism developed zone

Government guarantees the repatriation of 100% the original capital investment and after tax dividends

Rebate of duty for equipment and Machinery imported a project granted National Project status.

Company Registration

All investors are required to register their companies with the Registrar of Companies in Zimbabwe, while foreign investors also apply for an investment Certificate issued by the Zimbabwe investment Authority (ZIA). Application forms for the Zimbabwe Investment certificate are available on: www.zia.co.zw.

Employment Permits

Any foreigner wishing to take up employment in Zimbabwe must first be in possession of a valid work permit. Immigration regulations allow local companies to employ foreigners under temporary work permits. The department of immigration issues such as permits upon application and proof that the requisite skill cannot be sourced locally.

Residents PermitsAn investor who acquires Zimbabwe Investment Authority approval qualifies for a residence permit in Zimbabwe. Investors who:· Invest not less than US$1 million in a project approved by the ZIA, will qualify for permanent residence on application , and· Invest US$100 000 in a joint venture, approved by the ZIA, with a bona fide Zimbabwean will qualify for 3-year residence permit at the end of which permanent residence may be granted.

Kudu Tragelaphus scriptus

Sunset in Mana Pools