In a notice to shareholders, company chief executive Geoffrey White said Harare needed to address the liquidity challenges affecting the speed of the recovery.
White said: We are confident that Zimbabwe has a future. The people of Zimbabwe remain one of the most industrious, valued and skilled work forces on the continent, the basic infrastructure across the country is strong and Zimbabwe remains a beautiful destination with significant tourism and agricultural potential.
The opportunity for the country to once again become a leading African economy remains tantalisingly available. White said since the rationalisation of the business environment through the adoption of dollarisation that has led to the demise of hyperinflation companies can once again plan for the future.
“Gradually the economy can be seen to be making progress. The size of the economy remains very depressed. However, it is growing on a month-by-month basis, encouraged by continuing investment into rebuilding Zimbabwe from the international, public and, increasingly, the private sector, said White.
LonZim has interests in the Zimbabwe Stock Exchange listed Celsys Limited, Leopard Rock Hotel in the eastern highlands while it is also looking to introduce a new regional airline Fly540. The company is completing a US$1,7 million refurbishment of Leopard Rock hotel and is expected to launch the regional Fly540 airline in the country soon.
Zimbabwe remains a key target market for Fly540 once international traffic numbers start to build, and the Harare Airport is of long term strategic importance as one of the best infrastructure facilities in Southern Africa, said White.
Post published in: Agriculture