THE regional annual pension conference that had been slated for Victoria Falls next month has been moved to Gaborone after event organisers cited a shortage of accommodation in the resort town.
More than 150 pension fund companies from across the globe are expected to participate in this conference.
In a notice, MN Capital chief executive officer Michael Ndinisa said they realised that there was a dire shortage of accommodation for delegates in Victoria Falls owing to a number of events happening in the resort town around the same time the pension conference is scheduled.
MN Capital is the organiser of the event.
“Firstly, we have realised that there is likely to be a dire shortage of accommodation for our delegates in Victoria Falls owing to a number of events happening in the area around the same time that we had scheduled to host the Africa Investment Funds and Asset Management,” Ndinisa said.
“Most hotels in the area are already fully booked for that period. We remain dedicated to hosting a forum that will focus on practical industry solutions and value addition, affording every delegate optimum benefits.
Please accept our deepest apology for any inconvenience hereby caused.”
Ndinisa said the forum that was slated for March 25 to 26 will now be held from April 15 to 16 in Botswana.
The meeting was expected to convene an exclusive network of pension funds, insurance companies as well as social security funds from various countries in the region focusing on the intersection of macroeconomic developments.
MN Capital has delivered this series in South Africa, Nigeria, Ghana, Zambia, Zimbabwe, Swaziland, Namibia, Tanzania and London.
Tourism deputy minister Walter Kanhanga recently revealed that Zimbabwe was seeking joint venture partners for the development of exhibition and convention facilities in Harare and Victoria falls following an increase in meetings, incentives, conference and exhibition business.
He said Harare required about
2 000 more rooms by 2020 while Victoria Falls required at least 500 more rooms by 2018 and 1 000 by 2020.
Kanhanga said other areas requiring accommodation, although at a smaller scale, were the Eastern Highlands and Kariba.