$15m RBZ tourism facility lies idle

$15m RBZ tourism facility lies idle
Published: 13 December 2017
Outgoing Hospitality Association of Zimbabwe (HAZ) president Mr George Manyumwa last Friday revealed that the Reserve Bank of Zimbabwe funding facility for hoteliers had not been publicised, with many players being unaware of its existence.

He said official communication on the revolving fund was only sent to concerned members the previous week.

Mr Manyumwa said the scenario in which the RBZ facility was lying idle was being caused by the fact that most hospitality industry players buy fixtures and supplies from South Africa and needed foreign currency to do that.

Manyumwa acknowledged the urgent need to refurbish hotels.
- The Herald
Tags: RBZ,


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