Zimbabwe has stepped up its engagement with the International Tourism Bourse (ITB Berlin) in a strategy that seeks to make the country a top of the mind business and leisure destination in Southern Africa.
ITB Berlin, which began on Wednesday and runs through the weekend – is the world’s leading travel trade show, and a major tourist source market for Africa, attracting over 185 countries, 900 top buyers, 10 000 exhibitors, and 185 000 convention visitors. Read more
ZIMBABWE has lagged behind in many areas as a result of the global isolation for the past 18 years due to errors of the past, Tourism minister Prisca Mupfumira has said.
Mupfumira said this has undeniably left Zimbabwe’s once-rich sectors in a complete state of disrepair and disarray.
“The tourism industry used to receive a contribution of more than 35% from the overseas market in the 1990s when tourism was at its peak and this contribution has since dropped to less than 10% of the international arrivals to Zimbabwe,” she said. Read more
Speaking in London this week where she met the Zimbabwean diaspora community and foreign delegates during a tourism engagement event, Tourism Minister Prisca Mupfumira admitted that the Zanu-PF Government destroyed the national airline Air Zimbabwe.
She said her ministry is working on resuming Air Zimbabwe’s international flights to major tourism source markets.
We are working on re-establishing Air Zimbabwe’s direct flights.
I admit that we mis-managed our own airline. We destroyed it, it’s us who destroyed it and I’m taking ownership. Read more
The Nigerian billionaire Aliko Dangote has jumped five spots to be named the world’s 100th richest person on Forbes’ annual billionaires list.
He is one of three Nigerians represented in the index, which also features at least seven South Africans, one Algerian, one Angolan, six Egyptians, two Moroccans, one Swazi, one Tanzanian and one Zimbabwean. Read more
Nigerian billionaire businessman Aliko Dangote is reported to be coming back to invest in Zimbabwe after his much-publicised plan to invest in the country almost three years ago did not come to fruition.
Dangote who visited the country in 2015 is said to have stayed away from Zimbabwe because some former cabinet ministers demanded bribes from him.
His associate Josey Mahachi-Agbeniyi, the person who facilitated his trip to Zimbabwe said the billionaire may be returning as early as next month.
What happened with Mr Dangote is something that was beyond my control, beyond his control. Everybody knows what was happening in the country. For you to invest in Zimbabwe you had to grease some people’s palms. which is something that Dangote doesn’t want.
Prophetic Healing and Deliverance (PHD) Ministries founding leader Walter Magaya has said that he expects his multi-million Yadah Marble Factory to generate revenues of at least $100 million within its first year of operating.
The company will be operating 28 mines as it seeks to be the biggest company producing marble products in the world.
Speaking at the official launch in the capital, Magaya said:
We expect a turnover of US$100 million in the first year and US$200 million in the following year. Yadah Marbles will be the biggest company to produce marble products in the world.
There was drama in Parliament today after controversial businessman Wicknell Chivayo was publicly disowned as a shareholder in Intratek Holding by his purported partners.
Chivayo had told the Parliamentary Portfolio Committee on Mines and Energy that he owns 50 percent of Intratek Zimbabwe with Yousouf Ahmed owning the other 50 percent.
However, according to Bruce Tokwe, the lawyer who represents the other shareholder, Ahmed, Chivayo ceded his shares in the company in 2014 and was now working for the company as a managing director. Read more
Legislators have been accused of receiving top of the range vehicles as bribe from sugar manufacturer Tongaat Hulett so that they influence Government to issue the company with a land lease.
Tongaat Hulett has no lease agreement with Government or any title to the 29 000 hectare sugar plantation after Government compulsorily acquired the land.
The issue came up during a tour of Tongaat Hulett by the Parliamentary Portfolio Committee on Lands, Agriculture and Resettlement chaired by Zanu-PF Gokwe Nembudziya MP Justice Mayor Wadyajena who has vowed to investigate the matter. Read more
The Reserve Bank of Zimbabwe (RBZ) has introduced the Diaspora Investments Accounts with the aim of getting more funding for local investments.
The accounts which function as savings accounts will receive a 7 percent Diaspora Remittance Incentive from the RBZ in addition to the interest which the account will earn from the bank.
The RBZ also said that the accounts will be protected from the RTGS system, in order to maintain their value in foreign currency. Read more
Speaking in the National Assembly, Tourism and Hospitality Industry Minister Prisca Mupfumira said Government is working on legalising shebeens to promote local tourism.
Mupfumira said the shebeens should be registered with her ministry through the Zimbabwe Tourism Authority (ZTA) Said Mupfumira:
What we are in the process of doing as a Ministry is to ensure that all tourist activities, shebeens, lodges or whatever are registered with the Ministry through ZTA. So, we have the next two months to register such. Read more