Categories: Stories

Golden opportunity to revive Bulawayo

The government has set aside funds to revive industry in Bulawayo and is inviting entrepreneurs from the second city to apply for these funds to restore Bulawayo as the industrial hub of the country.

This was said in Parliament yesterday by Deputy Industry and Commerce Minister Chiratidzo Mabuwa in response to a question from Nketa Member of Parliament Phelela Masuku.

Though she did not disclose the figure, Mabuwa said the government had made this commitment to revive Bulawayo at this year’s Zimbabwe International Trade Fair, the premier show-window for Bulawayo.

“As we speak right now, there are certain companies that are there in Bulawayo that have been revived,” she said.

“I can give you an example such as Datlabs.  In 2013, when we inaugurated our focus on Bulawayo, Datlabs was operating at 18%, but at present, they are now operating at 78%. 

“We have other textile industries that have been revived, but that is not sufficient. 

“What I ask is that as the people are listening, those people in Bulawayo, if there are any projects that they have, they should try and ensure that as they do these businesses, they should approach us because we have certain funds that are there, that have been set aside for the revival of industries, especially those that benefit or come from Statutory Instrument Number 64 of 2016.

“If you come, you will be able to access the funding that has been set aside for the revival of such industries. 

“May I appeal that as I speak, Bulawayo has been designated as a special economic zone and we are focusing our minds and accept that Bulawayo should be looked at specifically, with a view to revive its industry.”

Once a bustling industrial hub, Bulawayo is now almost a ghost town.

Continued next page

(182 VIEWS)

This post was last modified on June 15, 2017 7:52 am

Page: 1 2

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024