THE Airports Company of Zimbabwe (ACZ) has embarked on a revenue growth plan, aimed at reducing dependence on traditional aviation-related income.
Tawanda Gusha, chief executive officer at ACZ, told businessdigest that the company was exploring strategies to improve its capacity to generate profit and declared dividends.
The government of Zimbabwe controls 100% shareholding in the business.
“The ACZ is on an aggressive drive to grow non-aviation revenues through various initiatives that are aimed at making us self-sustaining with the ultimate goal of declaring a sustainable dividend to the shareholder,” he said.
“Most of these initiatives are being implemented through public private partnerships in line with the provisions and guidelines from the NDS1 (National Development Strategy 1). The idea is to make our contribution to the country’s vision 2030 and the National Development Strategy.”
ACZ is investing heavily in non-aviation related businesses, such as retail, hospitality, and property development.
The revenue growth plan is also focused on improving the overall passenger experience at the country’s airports.
The company is investing in new technology, including self-service check-in kiosks and automated baggage handling systems.
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This is expected to reduce waiting times and improve the overall efficiency of the airport.
In addition, ACZ is upgrading its airport infrastructure, including the construction of new terminals and the refurbishment of existing facilities.
This is expected to increase the capacity of the country’s airports and improve the overall quality of service, Gusha said.
The company has, over the past years, done a major facelift at one of the country’s major airports, the Robert Gabriel Mugabe International Airport (RGM), at a cost of S$153 million into the flagship airport.
The busiest ones are the RGM in Harare, Victoria Falls International Airport, and Joshua Nqabuko Nkomo International Airport in Bulawayo.
