NewsDay gives you live updates of the “Zimbabwe Outward Trade and Investment Mission”,Thought Leader Dialogue being held at Cresta Lodge.
Cecilia Kamputa
12:55: ABB is planning a 1000 day programme, Zimbabwe however is not part of the first wave of this project says ABB’s Nthabiseng Dube
12:54:The firm worked with mines,paper mills and companies like PPC. ABB’s customers include Turnall Holdings
12:52: ABB was registered in Zimbabwe in 1965.Its’s first project was in Kariba
12:51 :ABB Operations offices are located in countries such as Angola,Botswana and Zimbabwe
12:44: Nthabiseng Dube of ABB Southern Africa is being introduced
12:43:Nthabiseng Dube of ABB Southern Africa is being introduced
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12:41:“Stick around take this opportunity presented,” PPC MD Lekula urges the delegates,”…It’s not a matter of if but when we will get an economic turn around in Zimbabwe.”
12:30:Lekula ,the PPC Managing Director states that as a company PPC is fully indigenised
12:19:PPC Zim Managing Director Njombo Lucky Lekula is the next to give his address.
12:11: “We need to spend money to make money.We need to spend money to be efficient”says Steve Curtis Caledonia Group CEO.
11:54: On indigenization Curtis says “We work with the law, engage with the people who can guide you through the way.”
11:53: Steve Curtis praises Zimbabweans for being hardworking ,”The country is blessed with a population that is hard working” he says.
11:49Curtis explains Caledonia group bought Blanket Mine in 2006,the group is a stable company. In his speech he highlights the aspect of political stability
“Political stability,we find our interaction with government ministers pragmatic.We are seeing a positive change,”says Curtis
11:48:CEO of Caledonia Mining Corporation Steve Curtis takes to the podium.
Curtis explains Caledonia group bought Blanket Mine in 2006,the group is a stable company
Caledonia Group’s Blanket Mine goes down to 750 metres.
11:10:Question and Answer segment at the Zimbabwe Outward Trade and Investment Mission
11:08:The CEO of Zim Investment Authority has finished giving his speech
10:43:ZIA CEO Mubaiwa says,”It is ideal to invest in Zim because we are a regional gateway,centrally located in SADC.
Our economy is diversified including mining, tourism ,well endowed with natural resources”
“Opportunity areas available for investment include mining,tourism industry etc”.
10:40:CEO of Zim Investment Authority (ZIA) Richard Mubaiwa is being introduced by Minister Kasukuwere.
10:33Local Government Minister Kasukuwere sharing a lighter moment as he jokes that he informed the mayor of Harare to “clean up the city or he would clean the townhouse.” In his speech he picks on service delivery in the city.
10:32:Minister of Local Government Hon. Saviour Kasukuwere giving his speech.
10:26:An opportunity of cutting and polishing diamonds and emeralds available..Minister Moyo
10:19:Deputy Minister Moyo states there are four groups of minerals,
1.Precious minerals including gold,silver diamonds etc,
2.Base metals which include iron ore with Zimbabwe having 30-40 billion tonnes of iron ore reserves,30 known nickel deposits,approximately 10 billion tonnes of chromite,70 copper deposits in the Great Dyke.Gemstones 150 kimberlites across the country.
3.Energy minerals,coal 30 billion tonnes,gas with 9% methane content CBM resources 20 trillion cubic feet .Uranium 500 000 tonnes of ore.
10:16:Minister Moyo states that the mineral portfolio is critical to human development.”Minerals are critical to human social development ,including gold, manganese,iron,chromite,diamonds,coal,”he says.
The Deputy Minster of Mines laments the fact that the minerals are locked up because of “lack of infrastructure”
10:12Deputy Minister of Mines and Mining Development Fred Moyo takes to the podium.
10:00:Minister Bimha says “The government has approved the establishment of a national competitiveness commision to improve the ease of doing business putting in place legal structures for joint ventures.” He further states that the government is open to criticism and new ideas.
09:58: Bimha talks of the show of confidence in Zim by PPC as shown by the soil turning ceremony held at the plant in Msasa yesterday.
09:54:Bimha also thanks the Zimbabwe Embassy for working very hard to tell the Zimbabwean story.
09:53: Minister Bimha thanks Mail & Guardian Africa in the organisation of this initiative.
09:50: Industry& Commerce Minister Mike Bimha who is the keynote speaker has taken to the podium
09:50: Welcoming and Introductions by Minister Walter Mzembi
09:43:The Director of Ceremonies welcomes Minister Mzembi to the podium
09:39:Dr Munyeza welcomes ministers and thanks & acknowledges Mail and Guardian Africa OldMutualZW ,PPC,Caledonia,AMG,Bikita Minerals and Zimbabwe Investment Authority (ZIA)
09:31:Minister of Tourism and Hospitality Walter Mzembi has just arrived.Minister of Industry and Commerce Mike Bimha who is the key note speaker has also arrived.
0924:Dr Shingi Munyeza is the director of ceremony. Meanwhile he is welcoming people whilst waiting for the dignitaries to arrive.
09:09Day 2 at Cresta Lodge, guests are pouring in.
