Zim establishes tourism assets company

THE Zimbabwean government is close to concluding formation of a wholly owned state company that will take over strategic assets, especially land, in key tourism zones, Tourism Minister Mzembi says.

Staff Writer

Addressing journalist in Harare on Wednesday, Mzembi said he had met President Robert Mugabe earlier this week as part of a process to finalise formation of a board of directors, likely to have two international experts, for the company.

This comes as government is negotiation with potential investors for a partnership that is expected to see development of a multimillion dollar theme park in Victoria Falls.

“I have already provided to incorporate a 100% government-owned company to begin to take position on strategic assets and land that we need to kick off some of these projects and I keep on reminding you of our thrust in the Victoria Falls which I repeated recently,” said Mzembi.

He said in Victoria Falls, a 100% government-owned company to be known as the Mosi-oa-Tunya Development Company will take on its balance sheet about 300 hectares of land that will be used for development of the country’s first integrated tourism eco-theme park.

The new theme park will offer a modern look Victoria Falls that is meant to attract youthful tourists and expected to increase the average nights spent to four nights from the current average of between one and two nights.

Mzembi also said he has submitted proposals to the Ministry of Finance and other stakeholders for the creation of three special tourism zones or corridors.

“The first one I envisage will span from Gwai into Hwange, Victoria Falls, Lower Zambezi, Binga into Kariba as a corridor whilst the second one that we envisage will be in Masvingo, commencing from Mutirikwi through Tokwe Murkosi, South East Lowveld and spanning through the conservancies into Beitbridge.”

He said the third one will be in the Eastern highlands.

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