Breaking News

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

by Staff Reporter
20 February 2013 | 2790 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

Are housemaids an evil lot?

Yes
26.06%
No
64.84%
Not sure
9.1%
802

Comments

News Updates

Email:

Latest News

Mugabe gets cold feet - President Robert Mugabe today developed cold ...

by Staff Reporter | 28 January 2015 | 5290 Views

Tamborinyoka journalistic ratiocination of Mnangagwa 'meteoric rise' b...

by Wilbert Mukori | 28 January 2015 | 2251 Views

Biti calls on Zimbabwe to engage with the West - The MDC Renewal Team ...

by Staff reporter | 28 January 2015 | 2023 Views

Pre-paid waters debate expose bankruptcy of civil society - Tendai Ca...

by Dr Qhubani Moyo | 28 January 2015 | 1488 Views

Mugabe meets French investors, clarifies indigenisation - A French bus...

by Staff reporter | 28 January 2015 | 2453 Views

Shock as couple finds underwear covered in muti - In a suspected case ...

by Danisa Masuku | 28 January 2015 | 3351 Views

3 days of horror for Nust female student - OF all the passion stories ...

by Gibson Mhaka | 28 January 2015 | 5274 Views

Mutasa survives Zanu-PF expulsion - Former Zanu-PF secretary for Admin...

by Staff reporter | 28 January 2015 | 4360 Views

Mugabe leaves for AU summit - President Robert Mugabe has left Harare ...

by Staff reporter | 28 January 2015 | 1926 Views

Zanu-PF demise is nigh

by Grace Kwinjeh | 28 January 2015 | 2214 Views

My life will never be the same again, says rape victim - inhuman and t...

by Primrose Ndlovu GORY | 28 January 2015 | 2326 Views

'I did not rape, I was pleasuring myself' - A VICTORIA Falls man who i...

by Fairness Moyana | 28 January 2015 | 3658 Views

Soccer Star takes gong to the grave, for ritual purposes

by Fungai Muderere | 28 January 2015 | 3426 Views

Mnangagwa - when stealing votes for the boss gets rewarded - The curio...

by Luke Tamborinyoka | 28 January 2015 | 3629 Views

Seek T.B. Joshua's help over Boko Haram, Botswana advises Nigeria - Me...

by Tebego Motalaote - Gabarone, Botswana | 28 January 2015 | 2598 Views

'66% of teenagers indulge in unprotected sex' - Zimbabwe needs to inte...

by Staff reporter | 28 January 2015 | 2059 Views

MDC-T youth chairperson attacked by soldier - MDC-T Chivi Central dist...

by Staff Reporter | 28 January 2015 | 2055 Views

Delays with SA permits - Zimbabweans sent away from work - Three Zimba...

by Tariro Washinyira | 28 January 2015 | 4607 Views

'I enjoyed being raped,' man says

by Staff reporter | 28 January 2015 | 9214 Views

Cop escapes jail after stealing friend's certificates

by Sibhekisipho Fayayo | 28 January 2015 | 3218 Views

Man rapes teen as friend watches

by Fairness Moyana | 28 January 2015 | 5271 Views

Mysterious snake coils, licks kids to survive - SNAKES are dangerous s...

by Nhlalwenhle Ncube | 28 January 2015 | 6113 Views

Man teams up with son, tie wife to tree

by Danisa Masuku | 28 January 2015 | 2865 Views

Mugabe not welcome in Africa

by Jera | 28 January 2015 | 4538 Views

Mutasa in another scandal

by Hebert Zharare and Paidamoyo Chipunza | 28 January 2015 | 4324 Views

'We are sick of Zanu-PF wars' - Zimbabweans say they are sick and tir...

by Staff reporter | 28 January 2015 | 2508 Views

Seremwe denies Mujuru links

by Farirai Machivenyika | 28 January 2015 | 2419 Views

Mt Darwin says no to Mugabe - Analysts say the surprising outcome of ...

by Staff reporter | 28 January 2015 | 5499 Views

Entertainment

Mugabe, Mujuru at Harare Gallery

by A.A.V. Amasi | 28 January 2015 | 4080 Views

Prof Jonathan Moyo says 'Zimbabwe to meet digitisation deadline in Jun...

by Farirai Machivenyika | 27 January 2015 | 1711 Views

DJ stabbed by lover - A MATSHOBANE suburb disk jockey (29) got more t...

by Staff reporter | 27 January 2015 | 3797 Views

Bulawayo movie Qiniso out in February - THE much anticipated movie, Qi...

by Showbiz Reporter | 26 January 2015 | 1917 Views

Where is omasiganda music now?

by Fred Zindi | 26 January 2015 | 1957 Views

Ringo billed for pre-Valentines Bash in Bulawayo

by Bongani Ndlovu | 26 January 2015 | 3115 Views

The return of Alick Macheso

by Entertainment Correspondent | 24 January 2015 | 3913 Views

Chigubhu vows to continue cracking people's ribs

by Staff Reporter | 23 January 2015 | 2589 Views
iBlog

Time To Kiss Zimbabwe Goodbye Forever.

By israel dubethings fall apart at zanupf. brother turns against brother, sister betrays sister. the center cannot hold anymore. as the walls of oppression and discrimination collapse, matebeles must make sure that they do not find themselves lost i... Read More
myAfroTube 03 November 2014 ago

The Nsa Gets An Ok For Telephony Metadata Collection Yet Again

As much as we’d like to forget about the national security agency (nsa) and its mass surveillance program, it seems that there is no distracting ourselves from this unnerving reality.missing from the news for quite some time now, the issue has resu... Read More
SecNews 09 July 2014 ago