The financing of different types of infrastructure has become a core issue in Africa, considering its high urbanization rates. An acute shortage of water infrastructure in Zimbabwe is one of the primary causes of water scarcity in most cities and towns. This chapter explores the innovative financing mechanisms and technological advancements that can help ease urban water shortages. The study found that the limited participation of the private sector in urban water supply inhibits private financing in water infrastructure. Central and local government institutions dominate the water supply sector and operate on a cost-recovery basis. Some cities have embarked on a drive to reduce the water purification cost to create extra water supply funds. The strategy involves synergies between municipalities and local firms working towards replacing imported chemicals with locally produced water purification chemicals. Similar synergies are recommended, especially in finding sustainable financing mechanisms that can improve investments in water infrastructure. Meanwhile, urban households should consider using low-cost household purification techniques, including boiling water, aqua tablets and water filters that have become common in Africa’s low-income communities. These household purification methods can guarantee the consumption of clean and safe water.