Zimbabwe Economic News Roundup: Safari operators see $10 mln uplift in revenue, AFDB funds fish project & Firm to embark on $780 million gas project in Gwayi.
Safari Operators See $10 Mln Uplift In Revenue
Safari operators in Zimbabwe are expecting revenue from the animal trophy hunting season this year to rise from $65 mln last year to $75 mln spurred by a decline in regional competition.
The hunting season is due to start next month. Safari Operators Association president Emmanuel Fundira said the resumption of normal activities in the Save Valley Conservancy could also help increase revenue.
There has been an impasse in the conservancy after licenses of some concessions were withdrawn - Herald, Tuesday March 18
Afdb Funds Fish Project
The African Development Bank is funding a fish project in Kariba which will create more than 900 permanent jobs by 2015 and contribute an estimated $33 mln in government revenue over the next 10 years.
The fish farming project was launched last year after an initial investment of $8 mln to finance an agro-industrial project that could assist the fragile economy of the country. The Lake Harvest Aquaculture project on Lake Kariba is also the largest sustainable Tilapia fish farming in Africa - Herald, Tuesday
Firm To Embark On $780 Million Gas Project In Gwayi
Shangani Energy Exploration (SEE) will embark on a $780 million gas project and build a 400 megawatt power station in Gwayi, north-west of the country which would boost Zimbabwe's flagging energy supplies, a company official said on Wednesday.
SEE is jointly owned by ferrochrome producer Zimasco and its parent company, China's Sinosteel Corporation with an 84,81% stake, while the remainder is held by Paul Tromp.
Zimasco services director, Roger Williams told delegates attending a parliamentary seminar that the company had applied to the mines
ministry for the renewal of its special grants and was awaiting approval. Southerneye 14.03.2014