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Chinhoyi Business Expo Attracts Loss-Making State Firms

Forty-one companies, mainly parastatals, exhibited at the Chinhoyi Business Expo 2013 with indigenous companies failing to show case their businesses due to prohibitive and exorbitant fees.

Most local indigenous companies failed to showcase their business saying the fees were too high for them to make meaningful sales.

A stand at the business expo, which was a Zanu-PF fundraising project, was going for $4,000 which was out of reach for many local companies.

Tendai Murapa of Tinpan Printers said the money for a stand was too high considering business in smaller towns like Chinhoyi is hard.

Most ordinary people welcomed the business expo saying it would give them an opportunity to interact with representatives of paratatals.

Kenneth Mare was one of those who were impressed by the business expo.

Another wild life enthusiastic visitor, Panashe Karombo, said he was impressed at the Parks and Wildlife Management Department’s stand as it gave them the rare chance of seeing lions and snakes.

But some say the loss-making parastatals are wasting tax payers’ money by exhibiting at the Zanu-PF fundraising business expo.

The business expo coordinator, Felix Mhona, said the event has given local people the platform to showcase their business to the outside world.

Meanwhile, accreditation was marred by chaotic scenes Thursday at the on-going Zanu-PF National Annual People’s Conference with authorities refusing to accredit Daily News journalists.

Senior political reporter Thelma Chikwana one of those affected.

The party politburo, the top decision-making body outside congress, resolved Wednesday to tackle factionalism which is crippling the party.

The factions are reportedly led by Vice President Joice Mujuru and Justice Minister Emmerson Mnangagwa who are said to be habouring presidential ambitions.

There is a general belief in the party that President Robert Mugabe, 89, is serving his last term of office due to advanced age.

The central committee is currently meeting to finalize the conference agenda.