ZTA seeks to revive fund

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THE Zimbabwe Tourism Authority (ZTA) has submitted to the government a proposal requesting $200 million to finance revamping of operations in the sector and revival of the tourism revolving fund, an official has said.

GAMMA MUDARIKIRI
Own Correspondent

In an interview with Southern Eye Business in Bulawayo ZTA chief executive officer Karikoga Kaseke said the Reserve Bank of Zimbabwe stopped financing the revolving fund in 2006.

“We have submitted a proposal to the government for the revival of tourism revolving fund and requested an initial $200 million,” he said.

However, Kaseke said as an organisation, they were not expecting the full amount to be released at once considering the government had no money.

He said the fund would be used to finance operations of players in the tourism sector in Bulawayo, Harare, Victoria Falls and other towns hamstrung by capital constraints to expand.

Kaseke said the tourism industry would in the next five years require between $1 billion and $1,5 billion to fully recapitalise.

Speaking on service provision by Bulawayo tourism operators, Kaseke said he had noted an improvement compared to last year especially after most hotels carried refurbishments.

ZTA had last year threatened to strip Rainbow Hotel in Bulawayo of its four-star status, accusing it of substandard services.

“Rainbow has greatly improved after the refurbishment,” Kaseke said.

The tourism industry continues to grow and is expected to contribute 15% towards the national gross domestic product next year.

According to ZTA, the tourism sector employs 10% of all the formal employed population in Zimbabwe.

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1 COMMENT

  1. Why is state media attempting to portray Mandela as a failed leader & a betrayer his people?. I believe Mandela played his part. It’s now up to those in power now to take South Africa to the next higher level. Even here in Zimbabwe we have colonial relics that still stand strong. (1). Cecil John Rhodes’ grave is still an important tourist attraction that people marvel at when they visit. (3). Victoria Falls kept it’s colonial name despite the fact that Mosi-oa-Tunya is a name that is very acceptable both in Zimbabwe & Zambia. (3). Schools like Prince Edward, Queen Elizabeth, Churchill, Roosevelt continue to celebrate colonial figures – do we not have our own heroes? (4) Most of our war heroes have no written biography – most of us find it easy to recite the achievements of European heroes and not those of our own. (5) South Africans celebrate their own music, language and culture much more than we do in Zimbabwe. (6) Our judges continue to wear colonial attire in the form of their head gear and robes. (7) Our Chiefs too continue to wear funny over-sized colonial-looking hats and those red robes whose colour does not reflect our national identity.

    The list could go on. Lets not try to look good by speaking bad about the South Africans. They are our brothers, Bantu just like us, our languages are that close because we are one. I think as Zimbabweans we must now focus on developing our own country and leave the South Africans to their own problems. We must appreciate how South Africa is playing host to more than a million Zimbabweans and how our economy continues to depend heavily on South Africa. If we did not import from South Africa the shelves in our supermarkets would be close to empty.

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