Story by Stanley James, Business Editor
THE multi-million-dollar Afreximbank Africa Trade Centre in Harare is attracting strong interest from local and international investors as the landmark development prepares to welcome its first tenants in the fourth quarter of the year.
Construction of the regional commercial hub is nearing completion, with developers saying the project is expected to strengthen Harare’s position as a regional investment and trade centre.
Integrated Properties Chief Executive Officer Dr Mike Juru, whose firm is managing the project, said investor interest in the complex continues to grow.
“This is one of the megastructures within the economy, and we anticipate maximum returns from such a project. We are almost reaching the final phase of construction, a move we expect will positively transform Harare into a regional investment hub,” he said.
Dr Juru said the development reflects growing confidence in Zimbabwe’s economy and its long-term prospects.
“This is a historic project because Harare has not experienced a development of this magnitude for many years. It demonstrates the confidence regional and global financiers have in the country’s economic growth trajectory,” he said.
The Afreximbank Africa Trade Centre, developed by the Cairo-based Africa Export-Import Bank (Afreximbank), is designed to promote intra-African trade and drive economic development across the continent.
