Masvingo Province to Transform Socio-Economic Landscape with Major Projects
Masvingo Province is poised for socio-economic transformation through major projects aimed at achieving upper-middle-income status by 2030, with significant investments in mineral beneficiation, agro-industrial manufacturing, and infrastructure. Notable developments include a US$500 million lithium sulphate plant by Sinomine Resource Group and a US$70 million chrome processing plant by Zimbabwe Zhongxin Chrome Smelting Company, both of which are expected to create jobs and enhance local economies. Additionally, a mini-hydro power plant and the dualisation of the Harare-Masvingo-Beitbridge highway are set to improve energy access and regional connectivity.
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Masvingo Province is set for socio-economic transformation through significant projects aimed at achieving upper-middle-income status by 2030. Key investments in mineral beneficiation, agro-industrial manufacturing, energy, and infrastructure are reshaping the economy traditionally reliant on agriculture, tourism, and mining.
A notable project is the US$500 million lithium sulphate plant by Sinomine Resource Group at Bikita Minerals, essential for Zimbabwe's strategy to ban raw lithium exports. Bikita has also begun producing pollucite, the first in Africa, valued at up to US$3,000 per tonne.
Additionally, the Zimbabwe Zhongxin Chrome Smelting Company has launched a US$70 million processing plant in Mashava, creating over 230 jobs. Rutenga Growth Point is establishing an industrial park for paprika and sesame processing, enhancing local farmer incomes. Moreover, a US$14.6 million mini-hydro power plant is operational at Lake Mutirikwi, while the ongoing dualisation of the Harare-Masvingo-Beitbridge highway improves regional connectivity.
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