Breaking News

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

by Staff Reporter
20 February 2013 | 2826 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

Does Prophet Magaya's anointing oil work?

Yes
17.51%
No
70.24%
Spiritual matters
12.25%
457

Comments

News Updates

Email:

Latest News

Nkosana Moyo joins Implats board - Former Industry and International T...

by Mafu Sithabile | 05 March 2015 | 1151 Views

Bulawayo commissioned a new suburb - Emhlangeni - BULAWAYO City Counci...

by Lulu Brenda Harris | 05 March 2015 | 1450 Views

Thieves wreck havoc eNkulumane - NKULUMANE residents are unable to res...

by Senzeni Ncube | 05 March 2015 | 1266 Views

Professor Jonathan Moyo on state of education sector - This week's Big...

by Professor Jonathan Moyo | 05 March 2015 | 818 Views

Bulawayo City Council to conduct own census - BULAWAYO City Council (B...

by Staff reporter | 05 March 2015 | 388 Views

Zimbabwe opposition must change from confrontation to cooperation - It...

by Dr Tapiwa Shumba | 05 March 2015 | 557 Views

Education Ministry explains Schools Performance Rankings - THE DEPUTY ...

by Staff Reporter | 05 March 2015 | 663 Views

Rapist pastor's trial opens - The trial of Abundant Life Global Minist...

by Staff reporter | 05 March 2015 | 729 Views

Mugabe pays tribute to resilient civil servants - President Robert Mug...

by Staff reporter | 05 March 2015 | 1136 Views

Tsvangirai engages Gweru - Movement for Democratic Change President...

by Luke Tamborinyoka | 05 March 2015 | 984 Views

Why was Trevor Ncube refused a radio licence? - THE MOVEMENT for Democ...

by Staff reporter | 05 March 2015 | 1205 Views

MDC-T calls for disbandment of BAZ over radio licensing scandal - THE ...

by Staff reporter | 05 March 2015 | 546 Views

Broadcasting Authority of Zimbabwe should immediately be disbanded ...

by Obert Chaurura Gutu | 05 March 2015 | 457 Views

50c bond coins expected by end of March - Reserve Bank of Zimbabwe (RB...

by Staff reporter | 05 March 2015 | 618 Views

ZUJ condemns death threats on NewsDay reporter - The Zimbabwe Union o...

by Staff Reporter | 05 March 2015 | 710 Views

Report govt vehicles abusers to police - Obert Mpofu

by Tholakele Zhou | 05 March 2015 | 1085 Views

Construction of $6,5 million Chipinge shopping mall commences

by Chris Chinamhora | 05 March 2015 | 946 Views

SA to suspend maize exports to Zimbabwe - Zimbabwe could be forced to ...

by Staff reporter | 05 March 2015 | 1555 Views

Not obtaining 5 O-Levels does not mean failure, Minister says - PRIMAR...

by Tholakele Zhou | 05 March 2015 | 2009 Views

BCC channel $200 000 to its soccer team - BULAWAYO City Council-sponso...

by Tholakele Zhou | 05 March 2015 | 1888 Views

Some Pentacostal churches are Satan's agents - I grew up knowing relat...

by T Musiyamwa | 05 March 2015 | 3557 Views

'ZBC licence inspectors unleashed near State House'

by Byo Resident | 05 March 2015 | 3121 Views

Bulawayo firms get debt extension relief

by Tholakele Zhou | 05 March 2015 | 1011 Views

BCC seek funding from Mauritius - BULAWAYO City Council has turned to ...

by Tholakele Zhou | 05 March 2015 | 948 Views

Adding 'ICE' to your cell phone can save a life

by Staff Reporter | 05 March 2015 | 1531 Views

Gamatox nonexistent party - The United Movement for Democratic Change ...

by Mandlenkosi Chinula | 05 March 2015 | 2081 Views

UMDC Provincial Launches to follow up - The United Movement for Democr...

by Mandlenkosi Chinula | 05 March 2015 | 604 Views

Why the United MDC? - The coming together of Green and Orange under th...

by Nqgabutho Mabhena | 05 March 2015 | 1084 Views

Entertainment

Skyz Metro FM promises to shake airwaves - SKYZ Metro FM, the newly li...

by Senzeni Ncube | 05 March 2015 | 555 Views

TV Programme Concepts Requirements - Dear independent producers,Thank ...

by Staff reporter | 03 March 2015 | 1678 Views

Fireworks expected on the Easter Weekend in UK

by Staff Reporter | 03 March 2015 | 1253 Views

DStv annual price increase effective 1 April 2015 - MultiChoice Afric...

by Mafu Sithabile | 02 March 2015 | 3881 Views

Popular Zim dancehall chanter arrested for fraud

by Liberty Dube | 27 February 2015 | 4671 Views

Group pens song for Mugabe - A 7-member group from Acturus has release...

by Staff reporter | 21 February 2015 | 2112 Views

Mathias Mhere saga takes new twist - Gift Mahlupeka, who allegedly che...

by Staff reporter | 20 February 2015 | 11161 Views
iBlog

Obviously, Windows Xp Has Nothing More To Offer

With no support from the manufacturer, windows xp no longer receives antivirus updates, which provoked an increase in the number of attacks on xp users. according to avast company, windows xp systems are attacked 6 times more often than the devices r... Read More
Sergey 12 June 2014 ago

The Zero-day Vulnerability Cve-2014-4114 Impacting All Versions Of Microsoft Windows

new microsoft windows zero-day vulnerability - cve-2014-4114on tuesday, october 14, 2014, isight partners - in close collaboration with microsoft - announced the discovery of a zero-day vulnerability impacting all supported versions of microsoft win... Read More
SecNews 16 October 2014 ago