“We are happy because that move is a direct response to what we have been lobbying for as an industry.
Hospitality Association of Zimbabwe (HAZ) vice president, Brian Nyakutombwa, highlighted that the move avails an opportunity for hotels to bring the business back on feet. “Players are so excited, particularly when they saw that their issue has been presented by the central bank, this is a major boost for the industry and I have spoken to a number of them they are very excited and encouraged by that,” said Minister Ndlovu.
“Tourism industry has always highlighted the need to retain more forex, but it is now more critical because we are entering a phase where they are recapitalising and almost everything that is required to recapitalise is acquired in foreign currency. “Industry is appreciating the new policies starting with the lifting of the quarantine because it was affecting the inbound volumes (tourists) quite significantly. He said the 100 percent retention policy by the RBZ would bolster the industry particularly in the revival of operations across the sector.
Tourism and Hospitality Industry Minister Mangaliso Ndlovu, lauded the new policy by RBZ highlighting that hotels, lodges, and restaurant proprietors were elated about the Government interventions this year, starting with the decision to relax Covid 19 lockdown measures.
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