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1 Investment Prospectus Zimbabwe Parks and Wildlife Management Authority 017

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3 For information on how to invest in the parks estate contact the Commercial Services Division Zimbabwe Parks and Wildlife Management Authority National Botanical Gardens Sandringham Drive Corner Borrowdale Road Alexandra Park P. O. Box CY164 Causeway Harare Zimbabwe Phone

4 Foreword Zimbabwe 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 00. African Lion Leo panthera 13% of Zimbabwe s total land, that is an excess of 5 million hectares comprises various protected areas designated for wildlife and natural habitats. 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

5 Chilojo Cliffs, Runde River, Gonarezhou NP The Zimbabwe Parks and Wildlife Management Authority (ZIMPARKS) was established by an Act of Parliament in 001. 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 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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7 ZIMBABWE PARKS ESTATE

8 TYPE OF PARK STRATEGIC ROLE National Parks (11 in number) ( ha) Recreational Parks 16 in number ( ha total area) 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. Preserve and protect the natural features therein for the enjoyment, benefit and recreation of the public Sanctuaries (6 in number) ( ha) Safari Areas (16 in number) ( ha) Botanical Reserves (1 in number) (5 916 ha) Botanic Gardens (3 in number) (595 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 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. 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. Propagate and cultivate exotic and indigenous plants for the enjoyment, education and benefit of the public.

9 Imbila Lodge, Matopo NP Matopos National Park

10 OUR COUNTRY General Economic Overview Quick Facts Tourism

11 Vumba Botanical Gardens 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.

12 QUICK FACTS Capital Population Currency Area Total Water Bodies Area Language(s) Electricity Source Harare 1,5 Million Multicurrency, US$ ZAR, BWP Yuan 390,757km 3,910km Commercial Language English Shona, Ndebele 9 Official Hydroelectric/ Coal Fired Stations 0v 50Hz Time Zone GMT + Access 3 Major International Airports - Harare, Victoria Falls, Bulawayo. Major Airlines - Emirates, Ethiopian, Air Zimbabwe, Fast Jet, SAA Airlink Literacy Rate 93% Religion Climate Multi Religion, Predominantly Christian Tropical, moderated by altitude. There is a dry season, including short cool season from May to September. Rainy season typically November to March. Square Lipped Rhinoceros, Ceratotherium simum African Elephant Loxodonta africana

13 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 013 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 013.

14 THE OPPORTUNITY Photographic Concessions Exclusive Tourist Resorts Hotels Lodges Tourist Adventure Activities Hunting Concessions Ivory Beneficiation Skins and Hides Crocodile Farming Fish Farming Ornamental Plants Conservation Partnerships Game Ranching (Breeding)

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16 Parks and Wildlife Estate Protected Areas Listing National Parks Park Province District Size (Hectare) Chizarira Mat North Binga Gonarezhou Masvingo Chiredzi Matusadonha Mash West Chimanimani Manicaland Chimanimani Mana Pools Mash Central Hurungwe Kazuma Pan Mat North Hwange Hwange Mat North Hwange Victoria Falls Mat North Victoria Falls 340 Zambezi Mat North Victoria Falls Nyanga Manicaland Nyanga Matopos Mat South Matobo 4 400

17 Parks and Wildlife Estate Protected Areas Listing Botanical Reserves Park Province District Size (Hectare) Pioneer - Tuli Mat South Beitbridge 38 Tolo River Mat South Beitbridge 44 South Camp Mat South Beitbridge 6 Chisekera H/Spr Masvingo Chiredzi 95 Mawari Raphia Mash Central Mt Darwin 34 Tingwa Raphia Mash Central Mt Darwin 90 Haroni Forest Manicaland Chimanimani 0 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 4

18 Parks and Wildlife Estate Protected Areas Listing Botanical Gardens Park Province District Size (Hectare) Vumba Botanical Manicaland Mutare 00 Ewanrigg Mat East Goromonzi 86 Sanctuaries Park Province District Size (Hectare) Maniinii Pan Masvingo Chiredzi 300 Eland Manicaland Chimanimani Mbaze Pan Mat North Nkayi 40 Nyamaneche Mash Central Guruve 480 Mushandike Masvingo Masvingo 1 900

19 Parks and Wildlife Estate Protected Areas Listing Recreational Parks Park Province District Size (Hectare) Lake Kariba Chibwatata Mat North Binga 6 Kariva Mat North Binga 50 Ngezi Midlands Kadoma Umfuli Mash West Chegutu Darwendale Dam Mash West Zvimba Lake Cuningham Mat South Insiza 4 17 Chinhoyi Caves Mash West Makonde 10 Manjirenji Masvingo Zaka Lake Chivero Mash West Zvimba Sebakwe Midlands Kwekwe 600 Kyle Masvingo Masvingo Mzingwane Mat South Umzingwane 1 33 Bangala Masvingo Zaka 700

20 International Status Mana Pools National Park 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 Matopos National Park Other Status include RAMSAR important Bird Areas for Mana Pools 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

21 ADMINISTRATION The 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 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

22 WESTERN REGION Victoria Falls, Zambezi National Park o o GPS 17 56'34.89 S 5 51'54.65E PROJECT & SIZE Zambezi National Park Golf Course & Time Share Resort 10km Zambezi National Park Tsowa Island 1km Victoria Falls Helicopter Rides PROJECT DESCRIPTION Exclusive Wilderness theme golf course with luxury eco-friendly accommodation villas within 0km of Victoria Falls Luxury Lodge located in an island on the mighty Zambezi River 13km from Victoria Falls Joint Venture with Parks Authority to operate helicopter rides - Authority has one helicopter Zambezi National Park Tourist Activities Zambezi National Park 7 Star Hotel 1km Game Drives (Safaris) Permit to conduct game viewing with tourists in a park with the Big 5 Boat Cruises in the Zambezi River Permit to operate sunset cruises for tourists Construction of an exclusive 7 hotel offering private Game Drives in Chamabondo and Guided tours of Victoria Falls Zambezi National Park Kandahar Camping Site 1km 5 Tented Safari Lodge Overlooking the Zambezi River offering Boat Cruises, fishing, and safaris

23 WESTERN REGION Name of Park Size Entrance Location PROJECT DESCRIPTION & OPPORTUNITIES Matobo National Park ha A UNESCO world Heritage Site of historical cultural and spiritual significance for Zimbabwe. o S o E 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 Park km o S o 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 1km concessions for Luxury Safari Lodges Tented temporary safari camps. Lake Cunningham Commercial Fish Farming Fishing Campsite and Lodges for Sport Fishing Tuli Robins Camp Hwange Construction of Lodges and Campsites in Pioneer Area of historical significance Construction of 4 Star Safari Lodge

24 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

25 NORTHERN REGION Lake Kariba, Mana Pools, Safari Areas, Lake Chivero, Ewanrigg PROJECT Mana Pools (Zambezi River Front and Main Park) 1km GPS O 15 58'40.57 S O 9 7'18.4 E Lake Chivero Recreational Park (30km from Harare) GPS O 17.54'44.7 S O 30.47'18.67E PROJECT DESCRIPTION Exclusive Tented Photographic Safari Lodge Concession Sites Visitor Activities - Canoeing in Zambezi River Theme Amusement Park 5 Lodge in Game Park Featuring Rhinoceros overlooking waterfront. 1km International Conference Centre 1Km Zoo and Watersports Health Spa Chinhoyi Caves Recreational Park 00ha GPS O 17 1' O 30 07'49.09 E Theme Amusement Park Restaurant for In Transit Tourists to Kariba and Mana Pools Animal Park (Mini Zoo) Ewanrigg Botanical Gardens Ornamental Plant Exports - Cycads Aloe Vera Propagation and Oil Extraction Plant Family Entertainment and Conference Centre Theme Restaurant - [Chinese, Thai, Traditional] Game Ranching Impala for meat and hides Darwendale Dam GPS O S O Fish Farming Exclusive Fishing Lodge in Park Watersports and Visitor Entertainment Resort on Norton Bank 1km Animal enclosures km in Game Park

26 NORTHERN REGION Lake Kariba PROJECT Charara Safari Area PROJECT DESCRIPTION Musambarakuma picnic sites. Antelope Island Kuburi Nyamasowe 0.6km Fishing,cruising and 0,6 km Lake view,cruising,lodges and chalets 0,1km Lake view,game view,boat cruising,lodges\chlets. 0,km Rafting along Zambezi River,game viewing, photographing safari,game trails,mountain hiking. Mushuma 1km Game viewing,photographic safari, bird watching, chalets Information centre 1km Outdoor braai, leisure activities. Gatche Gatche 1km Fishing,game viewing,game trails,photographic safaris. Gatche Gatche 1km Fishing, game viewing, game trails,photographic safaris Gatche gatche 3 1km Fishing,game viewing, game trails,photographic safaris. Chimwa 1km Chipise spring km Hot spring view,4x4,,sporting,mountain hiking, camping Redcliff 0,4km Restaurant

27 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

28 SOUTHERN REGION Nyanga, 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 GPS O O Popoteke Gorge Safari Lodge and Skywalk Bridge 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 Ziplines Bridal Veil Falls Health Spa Resort and Lodges Spring Water Bottling Project

29 CENTRAL REGION Major Towns Kwekwe, Gweru, Ngezi Access Airstrips in Parks Estate, Bumi Hills, Fothergill Gravel Road to Matusadonha and Chizarira

30 CENTRAL REGION Matudadonha, Chizarira, Lake Kariba Islands, Sebakwe PROJECT PROJECT DESCRIPTION Matusadonha National Park GPS O S O E Islands in Lake Kariba Construction of Luxury Island Holiday Resorts Fothergill Island 3km Starvation Island 1km Namambere Island 9km Construction of Eco-tourism Bush Camps Maronga Bush Camp Musango 0.5km Chura 1km Kunjedza 1km Mhukadzapera 1km Jenje 1km Chizarira National Park Conservation Joint Management of Park Eco Tourism Safari Lodge Sebakwe Dam Recreational Park Construction of Fishing Lodge Fish Farming Ngezi Recreational Park (located near platinum mine) GPS O S O E Construction of Fishing Expedition Lodge Restocking Wildlife Family Entertainment Facility Fish Farming 10km

31 OTHER SPECIAL INVESTMENTS PROJECT PROJECT DESCRIPTION Game Breeding Breeding of special high value species for resale and export such as Sable Hippotragus niger Sites Mushandike (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 Taxidermy Trophy Manufacturing Manufacture 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

32 DOING BUSINESS IN ZIMBABWE General Tax Regime Company Registration Employment Permits Residents Permits Consular Services

33 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.

34 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 or processing company that exports 50% or more of its output is taxed at a reduced rate 0%. 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.

35 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: Employment Permits Residents Permits An investor who acquires Zimbabwe Investment Authority approval qualifies for a residence permit in Zimbabwe. Investors who: Invest not less than US$1 million in a project approved by the ZIA, will qualify for permanent residence on application, and Invest US$ 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. 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.

36 Kudu Tragelaphus scriptus Sunset in Mana Pools

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