Zimbabwe Economic News: Dualisation of Zim's roads, Premier African Minerals, ZESA seen clearing debts
Dualisation of National Trunk Roads Begins
In a bid to resuscitate the country’s road network, the Zimbabwe National Road Administration has started dualising national trunk roads after securing a $147 mln loan from the African Development Bank for the dualisation of the road between Norton and Kadoma. The section of the highway between Harare and Norton has since been dualised using government resources.
Zinara chief executive Frank Chitukutuku, however, told the Parliamentary Portfolio Committee on Transport and Infrastructure Development yesterday that government would soon announce plans for the dualisation of the Beitbridge-Harare Road – Herald, Tuesday February 19
Premier to Produce From Zim Tungsten Mine
Aim-quoted multi-commodity natural resources company Premier African Minerals (LON:PREM) yesterday said a recent exploration update from its flagship RHA tungsten project, in Zimbabwe, indicated the potential for development of a low-capital and low-operating-cost mine in the near future.
A five-hole diamond drilling programme undertaken on site confirmed significant tungsten oxide values – NewsDay, Tuesday February 19
Zim Tourism Industry Rebounding says Africa Albida Touris
Africa Albida Tourism says the country’s tourism industry is “turning a very positive corner” and the growing optimism is encouraging the group to continue investing in new and upgraded products.
AAT chief executive Ross Kennedy last week indicated that in addition to the group’s $3 mln investment in 2012, further upgrades were budgeted for this year, including the refurbishment of all 72 rooms at the Victoria Falls Safari Lodge.
Kennedy said positive developments in the sector were mirrored by the arrival of international airlines Emirates and Dutch KLM back into Harare, the ongoing upgrading of the Victoria Falls International Airport and the general improvement of product and property in the resort town.
The AAT chief predicted that the Victoria Falls Airport would, in the near future, see the arrival of international airlines on a direct basis and would make a significant impact on the tourism industry – NewsDay, Tuesday February 19
Zesa Reduces Debt
Electricity load-shedding is set to ease in most parts of the country after Zesa cleared its debts to suppliers in the region, although some challenges still remain in supplying enough power, Zesa chief executive officer Engineer Josh Chifamba has said adding the financial resources directed to debt alleviation would now be channelled to production – Herald, Wednesday February 20