Government Pledges To Support The Tourism Sector

Minister of Finance and Economic Development, Professor Mthuli Ncube has pledged to continue working with the Tourism sector to ensure that they fully recover from the damage that was caused by the Covid 19 pandemic.

Professor Ncube said this in Harare yesterday when the Ministry of Environment, Climate, Tourism and Hospitality Industry was having a breakfast meeting which was meant to discuss the uptake of the Tourism Support Facility.

Addressing journalists, the former chief economist and Vice President of the African Development Bank said that as a government they were fully prepared to support the recovery of the Tourism Sector.

“The other recovery is within the Tourism sector which is trying to cover from the impact of Covid 19, they need access to finance that recovery for Investment working capital through equipment refurbishment survey and we stand ready as the government to support them.

“It’s not really announcing a stimulus package we are continuing because Covid is still here we had a lockdown at the beginning of the year so we will continue to work with the Tourism sector, that’s why we have this breakfast meeting today and to embrace that lets continue supporting the Tourism sector under the principals and parameters of the stimulus package,” Mthuli Ncube said.

The Finance Minister added that they were also working with other sectors such as the health sector that was hit hard by the Covid-19.

“We have been supporting the health sector as you know we have refurbished the hospitals and also providing equipment for private sector and supporting health workers with risk allowance all of that is all part of stimulating and responding to Covid 19,” added Mthuli.

Furthermore, he also hailed the current exchange rate reiterating that the country was having a positive exchange rate stability at the moment while adding that this development will ensure that companies and Zimbabweans will be able to conserve their currency.

“There are no inconsistences in the exchange rate, the most important thing in the exchange is the stability, the exchange rate is stable and that’s what we have been yearning for that’s what the market was yearning for when it was unstable if you recall 2019 part of 2020 the first thing to do is to do with stability and that’s what we are looking for and this is enabling companies to plan, it is enabling individuals to save and at least our currency has value,” he said.

Professor Mthuli Ncube was accompanied by Permanent Secretary In the Ministry of Finance and Economic Development Mr George Guvamatanga, Minister of Environment, Climate Change, Tourism and Hospitality Industry, Hon Mangaliso Ndlovu and Permanent Secretary in the ‎Ministry Of Environment, Tourism and Hospitality Industry Mr Munesu Munodawafa.