Online Reporter
Mukudzei Chingwere
Senior Reporter
The tour of economic flagship projects by Vice President Dr Constantino Chiwenga has confirmed the existence of huge potential for multi-sectoral capacity utilisation and investment opportunities across mining, agriculture, manufacturing, energy and tourism sectors, Information, Publicity and Broadcasting Services Minister Dr Zhemu Soda has said.
Speaking after Tuesday’s Cabinet meeting, Minister Soda said the session considered a report presented by Vice President Chiwenga on his tour, conducted last month, of key projects across the province.
Minister Soda said the tour covered a range of ventures, including Dorowa Minerals Limited, Sabi Star Lithium Mine, Verify Engineering (Pvt) Ltd, Tanganda Tea Company, Ariston Holdings Limited, Matanuska, Manica Boards and Doors, and the Willowton Group.
He said the approval of the report reflects the Government’s commitment to strengthening value creation and enhancing investment prospects in the country.
“Cabinet received and approved a report on the tour of economic flagship projects in Manicaland province, as presented by Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga,” said Minister Soda.
“The tour established the existence of huge potential for multi-sectoral capacity utilisation and investment opportunities across mining, agriculture, manufacturing, energy and tourism sectors in Manicaland Province.
“Government has identified systemic challenges in infrastructure, high cost of doing business, limited access to capital and insufficient value addition,” said Minister Soda.
He said the strategic interventions underway by the Government include the National Energy Response Strategy to enhance self-sufficiency, in the wake of the global energy crisis, enhanced Private Public Partnerships (PPP) in road rehabilitation in exchange for tax incentives or exemptions.
Also, ease of doing business reforms for the tea sub-sector, including structural and corporate governance reforms in public companies and State-owned enterprises, accelerated minerals value-addition and beneficiation and the recapitalisation of Government-owned companies.
