Mutare ~Your Prime Investment Destination
Mutare is a modern metropolis and has adequate business support services. All commercial banks in Zimbabwe have full fledged branches offering a comprehensive range of banking services.
The city is also served by building societies that provide mortgage finance as follows:
Mutare has got some of the finest education and manpower training facilities in the country. These are:
We offer our prospective investors unique advantages that no other town or city can.
The city of Mutare is surrounded by a diverse resource base which offers immense opportunities for investment in a wide range of industrial and commercial activities. Some of the resources are:
Mutare is situated in the heart of Zimbabwe's timber growing areas. The timber resources range from softwoods such as pines to hardwoods which include mahogany and mukwa. This makes Mutare the ideal location for any type of timber based industries such as board and paper, joinery, roof trusses, and furniture manufacturing operations for both local and export markets.
Timber growing and processing is big in Mutare. One of the biggest firms that are involved within the forestry industry is Border Timbers. Border Timbers with other firms such as Wattle Company focus on growing, milling and manufacturing timber products both for local and export purposes.
Mutare's environs are richly endowed with a wide variety of quality agricultural produce particularly vegetables and fruits. These include apples, bananas, grapes, oranges, tomatoes, peas, and beans. This sets Mutare as the logical location for agro-processing industries for canning, freeze-drying and packing these resources. Other agricultural produce include tea, coffee, wheat, cotton and tobacco. Processing factories, textile industries and tobacco auction floors have developed and opportunities exist for the establishment of up and down stream linkages with these industries.
Mutare is home to one of the largest organic tea producers, Tanganda Tea.
Tanganda undergoes no technical manufacturing process and contains no additives, no artificial flavoring, and no chemicals of any kind. Tanganda Tea is the best-selling brand of tea in Zimbabwe and central Africa. It exports bulk tea leaves to the rest of the world. Oh wait! Did you know that six out of every ten cups of tea that are consumed in England everyday are brewed by Tanganda! Click here to try Tanganda Tea from Mutare
The city's investment incentives were designed to make it less costly for investors to start up. The unbeatable incentives include:
For both industrial and commercial investors council offers stands and virgin land on relaxed and negotiable payment terms. A deposit of only 25% of purchase price is required as down payment with the balance payable over 5 years with a provision to negotiate a longer payment period.
For new industrial development such a moratorium extends for three years. For new commercial investment property taxes are levied at a reduced rate of 50% of payable rates for a period of 3 years from date of purchase.
Council offers preferential water and sewerage tariffs to all new industrial and commercial development at the rate of 50% of payable charges for 3 years from date of purchase of stand.
To facilitate quick decisions on investment issues and thus minimize unnecessary costs to the investor the Council has designated the Town Clerk as its Investment Promotion officer. He liaises with prospective developers on all investment issues such as applications to water, electricity and telephone services etc.
For more information kindly contact:
content from City of Nelson