President Emmerson Dambudzo Mnangagwa arrived at the Tshovani stadium in Chiredzi to joyous welcome welcome from Party faithfuls yesterday. The crowd surged with enthusiasm as the president went around acknowledging the above capacity crowd.
Mnangagwa later commissioned a $600 million (US$40 million) Kilimanjaro Sugar Cane project which is expected to create 2 000 jobs in the next 12 months.
ln a joint venture between Tongaat Huletts, 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 farmers on a cost recovery basis.
The project is expected to be completed by November 2020 and will produce an additional 50 000 tonnes of sugar per annum.
Speaking after the Kilimanjaro Project tour, President Mnangagwa said Government will continue to create a conducive business climate for the private sector to thrive.
“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,” he said.
“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.”
The President said the Kilimanjaro Project is a good example of a public-private partnership (PPP) success story.
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