Ziscosteel resuscitation on course

By Memory Chamisa

THE resuscitation of Zimbabwe Iron and Steel Company (ZISCO) is on course with a group of foreign experts set to jet into the country this Sunday for an assessment tour.

Modern equipment and latest technology that uses green energy is set to be installed at ZISCO.

This was revealed by the Minister of Industry and Commerce Dr Sekai Nzenza after an inquiry by senators this Thursday.

Dr Nzenza also revealed that a team of foreign experts is expected in the country this Sunday for an appreciation tour.

“All is on course for the resuscitation of Ziscosteel. The MOU is in its final stage after several deliberations between Kuvimba holdings and stakeholders who have since established a select project team, which is already on the ground led by a special projects manager and is currently undertaking a due diligence exercise before the negotiating and signing of a memorandum of understanding.

“Latest technology is going to be used that is green environment friendly and those in the area are set to benefit from job creation,” she said.

The government selected Kuvimba Mining House as the lead investor to drive the resuscitation of Ziscosteel which is expected to play a critical role in the transformation of the country’s economy, with a capital of up to one billion United States dollars set to be injected in the next three years.

Transport and Infrastructural Development Minister Honourable Felix Mhona also assured senators that rehabilitation of rural roads is on course.

“The ministry has been working on improving connectivity between major highways and filler roads in rural areas. Some areas had become inaccessible because if neglect but we are working on them as we stand by the president’s vision of leaving no one and no place behind.

“We have since requested for an upward review in the budget as we try to work on as many roads as we can before the rainy season comes,” said Minister Mhona.

This comes at a time when Government is rehabilitating major Highways including the Harare- Beitbridge road where a stretch of more than 300 kilometres is now open to traffic.