Finance chief Mthuli Ncube pitched Matabeleland North Province as Zimbabwe's hottest investment destination during a virtual address at the Douglasdale conference. The economics professor urged business leaders to jump on opportunities in the mineral-rich region that borders Zambia and sits close to Botswana. Ncube painted the province as reaching a critical turning point where smart money could capitalize on untapped wealth. The government official pushed for factories and manufacturing plants to spring up across the territory. Strategic positioning makes the area a perfect gateway for regional trade flowing through southern Africa.
Matabeleland North houses massive deposits of coal, graphite, limestone, lithium, gold and other precious materials waiting for extraction. The province also features fertile farmland supporting livestock operations and crop cultivation across multiple districts. Economic data shows the region posted a stellar 12.6 percent GDP expansion during 2023, beating the national average by more than double. Mining and energy sectors are projected to drive continued growth with manufacturing contributing solid gains. Government forecasters predict around 4 percent growth for 2025 based on current momentum.
The investment gathering drew over 400 participants despite organizers targeting just 180 attendees for the infrastructure-focused event. Provincial Minister Richard Moyo called the massive turnout proof that business confidence keeps building in the region. Former business leader McKenzie Dongo praised the conference format for connecting government officials with private sector players. Hwange Colliery boss William Gambiza emphasized how the platform brings together community leaders and potential investors. The overwhelming response signals that Matabeleland North has become Zimbabwe's next big industrial frontier.
Matabeleland North houses massive deposits of coal, graphite, limestone, lithium, gold and other precious materials waiting for extraction. The province also features fertile farmland supporting livestock operations and crop cultivation across multiple districts. Economic data shows the region posted a stellar 12.6 percent GDP expansion during 2023, beating the national average by more than double. Mining and energy sectors are projected to drive continued growth with manufacturing contributing solid gains. Government forecasters predict around 4 percent growth for 2025 based on current momentum.
The investment gathering drew over 400 participants despite organizers targeting just 180 attendees for the infrastructure-focused event. Provincial Minister Richard Moyo called the massive turnout proof that business confidence keeps building in the region. Former business leader McKenzie Dongo praised the conference format for connecting government officials with private sector players. Hwange Colliery boss William Gambiza emphasized how the platform brings together community leaders and potential investors. The overwhelming response signals that Matabeleland North has become Zimbabwe's next big industrial frontier.
