5. Positive Developments
5.2 Tourism
Visa Regime
Tourism is always a low hanging fruit. The re-classification of 37 countries from category C to B in order to grant visas at point of entry is commendable. This will promote Tourism. However, we are surprised why only the SEYCHELLES was given category A status which abolishes visa requirements?
Importation of Capital Goods
Tax exemption on imported capital goods for Tourism is welcome. Provisions of S.I. 5 of 2016 no longer apply
5.3 Infrastructure
During the first six months of 2016, cumulative disbursements towards infrastructure projects amounted to $112.6 million. This is a small figure but given the budget constraint, this is a step in the right direction. The resources benefited projects in the following sectors:
Project evaluation must be done on all outstanding infrastructure projects, especially the Tokwe-Mukosi Dam, which is taking forever to complete. In fact investigations must be commenced in order to find out whether value for money is being realized. Investigations must also check on the costing of the dam and the penalties. Suspected misappropriation of funds on this project must be investigated.
The Tender system on public projects must be re-examined. Zimbabwe is losing millions of dollars in over prized tenders.
Again, this reflects incompetency and corruption in government departments. There is no sense of urgency. Neither is there a realization that public assets are lying idle.
The upgrading of airports, especially the Harare, Bulawayo and Victoria falls airports is commendable.
Continued next page
(383 VIEWS)
This post was last modified on September 12, 2016 2:49 pm
I have been quiet for some time. Thinking. I have been running The Insider single-handedly…
Payments in Zimbabwe’s latest currency, the Zimbabwe Gold, now account for 40% of transactions, up…
Zimbabwe should de-dollarise otherwise its new currency the Zimbabwe Gold will go the way other…
Zimbabwe has come up with a de-dollarisation roadmap which will soon be presented by Finance…
Former Citizens Coalition for Change leader Nelson Chamisa says it is not easy to lead…
The Zimbabwe Gold (ZiG) has brought some stability into the market enabling some smoothness for…