Breaking News

'We are looking at fund-raising US$90 million' says tourism ministry

by Staff Reporter
20 February 2013 | 180 Views
TOURISM and Hospitality Industry Minister Walter Mzembi on Tuesday said his ministry was leading an aggressive drive to raise US$90 million to upgrade hotel infrastructure, retool and set up a revolving facility for the sector. Speaking




in an interview after touring Meikles Hotel's north wing, currently undergoing renovations, Minister Mzembi said Government, through his ministry, was facilitating the fund-raising in and outside Zimbabwe.

He said tourism, as the second best performing sector after mining, had endured the agony of zero fiscal support and expensive short-term loans from commercial funding institutions.

"We are on the market, within and outside the country. We are looking at fund-raising US$90 million. That has been our target for the last one year or so, to land US$90 million in our account," he said.

The minister would not discuss the final details of terms on which the funds would be borrowed or extended to beneficiaries. But said he had made "huge progress" towards securing the money.

The sector has continued to battle funding distress, despite the huge capital appetite ahead of the United Nations World Tourism Organisation General Assembly which Zimbabwe will co-host with Zambia next August.

Minister Mzembi is also yet to receive the US$12 million his ministry requested from Treasury to prepare for the UNWTO. Zambia received US$20 million from its Treasury to prepare for the event.

But Minister Mzembi said he remained optimistic that the funding would be secured from Treasury for the country to prepare for and host the UNWTO premier event in a uniquely African way.
"Our industry has survived by borrowing largely over the commercial counter.

"Now we are saying that the ministry/Government should lead the process to mobilise resources  for the sector. We are looking for resource parcels that can help our industry retool and re-kit," he said.

Meikles has already taken steps to ensure full preparedness for the UNWTO indaba and also tap into the numerous opportunities it believes will be presented by renewed growth in travel and toursm.

Meikles Limited, the holding parent of Meikles Hospitality, has made available US$8,5 million to refurbish, renovate and re-equip the hotel, a programme to be undertaken in two phases.

Managing director for Meikles Hospitality Mr Karl Snater said there had been many encouraging signs of growth in the sector.
He said he looked forward to increased interest in Zimbabwe as a tourist destination.

"Along with our colleagues throughout the sector, we look forward to increased interest in Zimbabwe as a destination for travellers of all kinds, especially at the upper end of the business and leisure markets, which is where Meikles is positioned as a first and natural choice," he said.

This will involve refurbishing 135 north wing bedrooms and bathrooms, extension of suite and club (for business people) facilities and upgrading the air-conditioning plant for north and south wings. In total, Meikles has 306 rooms, with the remaining ones to be covered under phase two.

Furthermore, the upgrades will cover replacement of north wing guest lifts, additional standby generators (350Kva), refashioning public areas and toilets, public areas, reception, coffee and kitchens.

The ongoing renovations at Meikles, which would result in new facilities such as new fittings in toilets and bathrooms, electrical (flat screen TVs), business work areas and lounge facilities, would also see the introduction of an all-new Presidential Suite and enlarged and new Imperial Suite.

Renovations for the initial phase, covering floors 10 to 12, is expected to be completed by end of next month. New exciting additions include new wine lists, new cuisines and presentation styles.

Mr Snater said Meikles and its industry partner, African Sun, had also set aside US$3 million for the renovation of their co-operated Victoria Falls Hotel before Zimbabwe hosts the UNWTO General Assembly.

tourism

Source: TH

Comments

Latest News

Zimbabwe parliament building risked explosion - Speaker Mudenda - Parl...

by Thobekile Zhou | 04 May 2016 | 199 Views

West Hands Off Zimbabwe's Internal Affairs - Diplomat William M. Bella...

by Sparkleford Masiyambiri | 04 May 2016 | 160 Views

ZimPF has nothing to offer to Zimbabweans - Little known Zimbabwe Peop...

by Peacemaker Zano | 04 May 2016 | 167 Views

ZANU PF has not failed workers - It is a fascinating paradox to say th...

by Stewart Murewa | 04 May 2016 | 165 Views

Govt struggle to kick-start school feeding project - The much talked a...

by Thobekile Zhou | 04 May 2016 | 139 Views

'Hostile lynch mob' Bulawayo Mayor's blood

by Thobekile Zhou | 04 May 2016 | 269 Views

BCC officials embark on investment and twinning trip to China - Five t...

by Thobekile Zhou | 04 May 2016 | 178 Views

BCC deny War Vets ministry land - Bulawayo City Council has declined t...

by Thobekile Zhou | 04 May 2016 | 231 Views

Zimbabwe enforces usage of South African Rand - The Reserve Bank of Zi...

by Staff reporter | 04 May 2016 | 1701 Views

'Mnangagwa is unelectable' - The boycott by workers of the government-...

by Staff reporter | 04 May 2016 | 829 Views

MDC-T sends confusing signals, upholds poll boycott stance - Morgan Ts...

by Staff reporter | 04 May 2016 | 415 Views

Demo against national pledge banned - Police here banned the first ant...

by Staff reporter | 04 May 2016 | 554 Views

Mnangagwa's wife lands top Pan African Parly post - Chirumhanzu-Zibagw...

by Staff reporter | 04 May 2016 | 620 Views

Rueben Barwe's wife dies - The Zimbabwe Broadcasting Corporation has p...

by Staff reporter | 04 May 2016 | 1853 Views

Mugabe's ex-teacher dies

by Staff reporter | 04 May 2016 | 1193 Views

RBZ sets withdrawal limits - The Reserve Bank of Zimbabwe has introduc...

by Staff reporter | 04 May 2016 | 1338 Views

Harare councillor dies

by Staff Reporter | 04 May 2016 | 2857 Views

True Christians created to rule

by Khumbulani Maphosa | 04 May 2016 | 1221 Views

Female cop begs colleague to wear condom before being raped - A female...

by Staff rerporter | 04 May 2016 | 9889 Views

Mphoko, Mnangagwa fight over Joshua Nkomo

by Staff reporter | 04 May 2016 | 6051 Views

Watercolor artist to showcase artwork at Zim Achievers

by Tidi Kwidini | 04 May 2016 | 1078 Views

Bosso top striker dragged into match-fixing scandal - HIGHLANDERS top ...

by Sports writer | 04 May 2016 | 3540 Views

Addressing people's anger is the answer, not muzzling the media - As t...

by Tendai Ruben Mbofana | 04 May 2016 | 1177 Views

Obscure multi-currency usage blamed for cash shortages -RBZ - The Rese...

by Staff reporter | 04 May 2016 | 2060 Views

Queen Elizabeth's mother visited disputed top Mugabe's aide farm - COL...

by Itai Mushekwe | 04 May 2016 | 3589 Views

MP Cross calls for alignment of 400 Acts to new constitution - to what...

by Wilbert Mukori | 04 May 2016 | 882 Views

First Sci-fi novel in Shona relaunched - Muna Hacha Maive Nei? The fir...

by Belontos Books | 04 May 2016 | 708 Views

The Truth: Christians created to rule - For years now I have been aski...

by Khumbulani Maphosa | 04 May 2016 | 1043 Views

Entertainment

Charambas to unleash new gospel videos - Gospel music star Charles Cha...

by Staff reporter | 04 May 2016 | 340 Views

Tupac's mother, Afeni Shakur Davis, dies at 69

by Staff Reporter | 04 May 2016 | 2077 Views

'Ekhweni lami' a classic value for money project

by Vusmann | 03 May 2016 | 1299 Views

Macheso relishes SA tour - "We have performed in South Africa before, ...

by Tawanda Marwizi | 03 May 2016 | 1415 Views

Maita crowned Miss Africa Zimbabwe - Harare beauty, Maita Kainga was c...

by Bongani Ndlovu | 02 May 2016 | 2029 Views

1ns and 2s with DJ-Sticha - Know your song Mondays

by DJ-Sticha | 02 May 2016 | 1801 Views
iBlog

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago