Tourism operators focus on expansion projects

By ZBC Reporter
GOVERNMENT has noted tourism companies’ utilisation of the duty free facility to import capital goods and other equipment that spur investments in the sector.Treasury through the 2020 national budget extended several incentives to the tourism industry for recapitalisation, improving the quality of service and product offering.
The move was made upon realisation that the strategic sector is experiencing operational challenges in importing equipment.
The Minister of Environment, Climate, Tourism and Hospitality Industry, Honourable Mangaliso Ndlovu told ZBC News this Wednesday that while most companies in the sector are utilising the incentives, the major focus is on the importation of machinery and equipment for upgrading existing infrastructure and expansion.
“Interest is there towards procuring the relevant equipment and it is within such incentives where the operators are now focusing on expansion,” said the minister.
Some of the incentives extended to the sector by government include a tourism rebate on the importation of capital goods for tourism projects, removal of duty on importation of safari and car hire vehicles, among others.
Zimbabwe has set a target of generating 7 billion United States dollars from the tourism sector on an annual basis by 2030.