Latest News Editor's Choice


News / National

Mnangagwa commissions $600m cane project

by Staff reporter
10 Nov 2019 at 08:40hrs | Views
PRESIDENT Mnangagwa yesterday commissioned a $600 million  Kilimanjaro Sugar Cane project which is expected to create 2 000 jobs in the next one year.

In a joint venture between Tongaat Hullets, Government and local financial institutions, the Hippo Valley estates project will see 4 000 hectares of virgin land being turned into massive sugar plantations for allocation to indigenous people on a cost recovery basis.

The project is expected to be completed by November 2020 and will produce 50 000 tonnes of sugar.

Speaking after the Kilimanjaro Project tour, President Mnangagwa said Government will continue to create a conducive business climate for the private sector to prosper.

"Government recently launched the National Investment Policy which reinforces our commitment to the protection of investors' rights by upholding laws and principles governing private investment. "We must create an environment where rights are obeyed, where rights are recognised. It is most encouraging that our ongoing reform efforts have resulted in our country moving 15 places up in the recent global ease of doing business rankings,'' he said.

The President said the Kilimanjaro Project is a good example of a public-private partnership (PPP) success story. While Government avails land and water resources, Tongaat Huletts and some banks provide capital and technical skills.

He described the cane project as a milestone in Zimbabwe's land reform programme.

"There shouldn't be any quarrels over land between Tongaat Huletts, traditional leaders and the Masvingo provincial leadership. The land belongs to the State, which I lead," said President Mnangagwa.

"We agreed to develop 4 000ha with Tongaat and I want the project to be completed. No one, I repeat no one, should say I have the right to be there (the developed plots). We are all Zimbabweans, we must follow procedure to get land. The communities around here who also want to get land should follow procedure."

President Mnangagwa urged Tongaat to expand its operations for the benefit of the economy.

The President said the Lowveld and areas such as Binga, Kanyemba and Kariba that are close to water bodies should aim for high agricultural output by taking advantage of the nearby rivers and dams.

 He bemoaned underutilisation of existing water bodies. After touring the Kilimanjaro Project, President Mnangagwa planted a sugar cane.

He also toured the Lowveld winter maize in Triangle, where Tongaat has 300ha under the staple crop in partnership with Masvingo Development Trust. Tongaat chief executive Mr Gavin Hudson said they are committed to partnering Government in producing cane.

"We are very happy with the commitment coming from Government on 99-year leases, which guarantee long term investments in Zimbabwe.

"Our main focus is not really on who has what land, but on improving yields so that we grow the sugar industry," said Mr Hudson.

Lands, Agriculture, Water, Climate and Rural Resettlement Minister Perrance Shiri said Masvingo has the potential to spearhead growth through agriculture as Tugwi-Mukosi Dam is a giant water body which can be successfully harnessed for irrigation.

Source - sundaynews

Subscribe

Email: