Breaking News

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

by Staff Reporter
20 February 2013 | 2638 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

Should airtime and street vendors pay the $1 a day State levy?

Yes
11.16%
No
82.59%
Desperation
6.24%
833

Comments

News Updates

Email:

Latest News

Politics without 'Chimurenga' is vague - In as much as Zimbabweans fro...

by Caitlin Kamba | 29 August 2014 | 112 Views

Tribal tensions in Matebeleland as land row widens - The people of Mat...

by Staff reporter | 29 August 2014 | 146 Views

'Zimdollar return suicidal,' says RBZ boss - Government should not re...

by Taurai Mangudhla | 29 August 2014 | 505 Views

Mugabe confronts Mavhaire over factionalism - THE Zanu-PF succession d...

by Elias Mambo | 29 August 2014 | 765 Views

Let's resolve Medical Aid Societies and Health Service providers impas...

by Suitable Kajau | 29 August 2014 | 592 Views

Let's revisit death penalty now - Justice, Legal and Parliamentary Af...

by Suitable Kajau | 29 August 2014 | 796 Views

Prince Harry's Zimbabwean ex to wed - The ex-girlfriend of Britain's ...

by Staff reporter | 29 August 2014 | 2201 Views

Dembare's Mutuma, Murape kiss and make-up

by Augustine Hwata | 29 August 2014 | 1177 Views

Magistrate probed for abuse of office - A Masvingo magistrate, Jabulan...

by Staff reporter | 29 August 2014 | 1208 Views

Exiled fugitive secessionist predicts Zanu-PF implosion - EXILED fugit...

by Staff reporter | 29 August 2014 | 1667 Views

Bulawayo sues Econet

by Staff reporter | 29 August 2014 | 1340 Views

'Prophet' tells family to undress, steal their money

by Staff reporter | 29 August 2014 | 1529 Views

Zanu-PF invaders thrown out of Dabengwa's farm by police - ABOUT 150 Z...

by Staff reporter | 29 August 2014 | 1204 Views

Sinda Ngulube elected new BICC bishop - THE Brethren in Christ Church ...

by Staff reporter | 29 August 2014 | 563 Views

Wife tells hubby to quench 'sexual thirst' on their daughter

by Prosper Dembedza | 29 August 2014 | 2146 Views

Mnangagwa's name used for fraud

by Fungai Lupande | 29 August 2014 | 876 Views

Mutambara's former aide jailed

by Court Reporter | 29 August 2014 | 905 Views

Wife starves HIV+ hubby - An HIV-positive man yesterday told the Hara...

by Court Reporter | 29 August 2014 | 1167 Views

Skin bleaching is a common practice in Zimbabwe - Video - Skin bleac...

by video by Gugulethu Ndlovu | 29 August 2014 | 890 Views

Prophets warned against false cures - Health and Child Care minister D...

by Staff reporter | 29 August 2014 | 777 Views

Dr Cuthbert Dube loses $1million salary arrears case

by Paidamoyo Chipunza | 29 August 2014 | 961 Views

Simba Sithole to sign for Bosso? - DISCARDED Ajax Cape Town striker Si...

by Ricky Zililo | 29 August 2014 | 1371 Views

Fugitive 'traffic' cop surrenders - A police assistant inspector who h...

by Leonard Ncube | 29 August 2014 | 1220 Views

Jilted man demands $3,000 for failed love

by Mpumelelo Nyoni | 29 August 2014 | 1199 Views

Bosso fan languishes in prison - A Highlanders fan who was arrested to...

by Thandeka Moyo | 29 August 2014 | 1104 Views

Supermarkets fined for selling expired goods - TWO major supermarkets ...

by Sukulwenkosi Dube | 29 August 2014 | 1382 Views

Zanu-PF Youths to brief Mugabe - MEMBERS of the Zanu-PF Youth League a...

by Farirai Machivenyika | 29 August 2014 | 660 Views

Strive Masiyiwa saving lives - Strive Masiyiwa, the chairperson and fo...

by Brian Kazungu | 29 August 2014 | 735 Views

Thokozani Khuphe's driver trial postponed - The trial of MDC-T deputy ...

by Staff reporter | 29 August 2014 | 285 Views

Entertainment

Roki cancels SA show

by Sophia Chese | 29 August 2014 | 674 Views

Zimbabwe Got Talent on the cards - CHINESE Federation of Zimbabwe (CFZ...

by Staff reporter | 28 August 2014 | 1122 Views

Tuku to Deliver Inaugural Hugh Masekela Lecture

by Staff Reporter | 28 August 2014 | 1177 Views

Controversy over Bev's album - Newly-appointed Msasa Bricks Ambassador...

by Staff reporter | 27 August 2014 | 1843 Views

Viewers slam 'sub-standard' ZBCtv program - VARIOUS ZBCtv viewers have...

by Staff reporter | 27 August 2014 | 1962 Views

John Legend cancels Zimbabwe show

by Showbiz Reporter | 27 August 2014 | 4144 Views

Macheso's yet to be released album sold on Harare streets - Pirates ha...

by Staff reporter | 26 August 2014 | 2789 Views

Tuku to be honoured in London tribute dinner

by Staff Reporter | 25 August 2014 | 1963 Views