HARARE - Zimbabwe Broadcasting Holdings Limited (ZBH) needs at least $30 million to spruce up its image and upgrade dilapidated equipment, most of which was bought before Independence.
The broke corporation needs the cash urgently to build three new radio stations, nine production studios, and four drama and music recording studios as it gears up for competition expected soon.
A document prepared by the Ministry of Finance, currently circulating in cabinet, reveals that the cash-strapped monopoly broadcaster needs almost $30 million.
A large chunk of the cash will go towards upgrading Outside Broadcast infrastructure.
The OB vans are used to help cover major events such as at the National Heroes Acre, Parliament, and at soccer matches.
The document shows that ZBC needs $5 320 000 for sprucing up its transmission and archive system and $5 649 000 for TV production facilities, as well as $115 000 for purchasing a commercial recording studio, $790 000 to digitalise four archive library systems, $450 000 for the construction of three new radio news stations, $435 000 to construct four drama and music recording studios and $275 000 to purchase a radio OB flyaway kit.
Post published in: News