Concern over low uptake of tourism loan facility

By ZBC Reporter

GOVERNMEENT has reaffirmed its commitment to ensuring that more tourism players benefit under the 500 million Zimbabwe dollars tourism loan guarantee facility as part of efforts to rescue the sector severely battered by Covid-19.

Victoria Falls newest hotel Mbano Manor has become the first major hospitality project to benefit under the 500 million Zimbabwe dollars tourism loan guarantee facility following treasury recent announcement that government will provide surety for the loan secured by the indigenous investor.

Environment, Climate, Tourism and Hospitality Industry Minister Honourable Mangaliso Ndlovu highlighted that the ministry is committed to ensuring increased uptake of the facility.

We have an indigenous owner who mobilized crowdfunding and mobilized resources to put up an impressive facility in Victoria Falls, a woman for that matter during the women’s month get the first kind of assistance we promised many in the industry and you hear a few people making noise. This is unfortunate, for us the noise is we need more people to benefit and we have since engaged treasury because we were worried about high number of people being turned down,he said.

Women in Tourism Matabeleland North Chapter Executive Member Mercy Mushangwe was ecstatic that the women-owned business was first to benefit under the facility.

We thank the government that we have one of our own who have benefited under the loan facility during the current women’s month, however we are appealing that there should be more players who should benefit under the facility, she highlighted.

The 500 million Zimbabwe dollar tourism loan guarantee facility is part of the 18-billion-Zimbabwe dollar stimulus package availed by government in May last year in response to the impact of COVID-19 on different sectors of the economy.

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