Kwekwe could earn $115 billion from COMESA: Moyana

This Midlands city has great potential for unparalleled growth, says former Reserve Bank of Zimbabwe Governor, Kombo Moyana.

He told the KweKwe Expo 2011 conference that with its vast base of raw materials such as ferrochrome, gold and iron ore, good agricultural land, technical skills and a good industrial and tourism infrastructure the city could be a powerhouse of development.

The Expo, a brainchild of the local Publicity Association, was held under the theme: "Rebranding Kwekwe as a preferred Investment Destination "

Moyana, who is currently the Executive Secretary of the east and southern African economic grouping COMESA, said the city could realise over $115 billion from the COMESA markets alone.

In an interview he told The Zimbabwean that owing to good barley production in the area, Castle Breweries, owned by Delta Corporation, had constructed the second largest malting plant in Sub-Saharan Africa.

Kwekwe has been the pivot of gold mining dating back to the 1920's. Situated in the Great dyke region renowned for its rich mineral deposits, the city is also home to high carbon ferrochrome smelter Zimasco, sole Ammonium Nitrate fertiliser producer Sable Chemicals, Zimchem Refineries, Zesa Munyati power station, the Delta Kwekwe Maltings plant where lager beers begin, the giant wire works Haggie Rand, Lanchashire steel and the largest iron ore and steel producer in Africa New Zimsteel.

Kwekwe Expo Chairman, Eric Musesengwe, said over 80 companies took part, compared to last year when 25 companies exhibited at the first Expo.

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