The ranch has been starved of capital and for some years now has been searching for a credible investment partner. Since the early 1990s numerous international investment companies have courted the DTZ for investment opportunities in Nuanetsi. These investment efforts failed to create sources of water within the arid ranch and therefore the proposed partnerships of the Nuanetsi Ranch never materialised. The joint venture terms between ZBE and the DTZ have given the company land utilisation powers but the land remains the property of the trust.
Contrary to media reports, ZBE has not acquired the land; Nuanetsi Ranch title deeds have remained within the hands of the DTZ. Zimbabwean law dictates that indigenous property is protected from redistribution in the framework of fast track land reform. Because of the indigenous ownership of the Nuanetsi Ranch as a property of the DTZ, the land has never been acquired by government for redistribution or earmarked as such.
...
Some hundreds of hectares have already been cleared ahead of cane planting which will commence when water infrastructure has been established. He (Dr Liberty Mhlanga, Executive Director of Zimbabwe Bio Energy) confirmed that ethanol production is also on the cards for Nuanetsi which will see the production of 500 million litres per year, far more than what the Zimbabwean market is able to consume, making it another ideal export product for the country to benefit from. READ MORE
.jpg)
Comments are closed.