Govt keeps Kurotwi guessing

HARARE - Government is keeping Lovemore Kurotwi guessing on whether it will partner him in his Zimbabwe Diamond Technology Centre (ZDTC) which is scheduled to be opened in June.

Kurotwi told journalists yesterday that Mines minister Walter Chidhakwa has not responded to his invitation for the government to manage his diamond centre.

“I can’t say they (government) are reluctant but somehow they are slow,” Kurotwi said. “They have interest but they are slow.

My personal thinking is probably it is because of lack of

understanding of the accrual benefits and also they are getting too much advice from outside, that is my own personal assessment.”

He said major diamond auctioneers in the world were giving government the wrong advice.

“We have been following what was being said in the media where Antwerp was coming with its own suggestions and Dubai is coming with its own suggestions but some of these suggestions are for personal reasons,” he said.

“They is nowhere Antwerp will encourage Zimbabwe to have its own beneficiation centre as quickly as yesterday because what this means is that it will actually affect its industry and it is the same with Dubai and also India. These institutions have been benefiting from us and Africa as a whole.”

Kurotwi said there was a perception that if a local company does not have a foreign component it will not produce quality goods.

The ZDTC chairperson said the diamond centre will be the biggest in the world.

“The biggest diamond centre in the world has got an auction centre which accommodates 10 companies at one go,” he said. “ZDTC is building an auction centre which can accommodate 50 companies at the same time. The recent auction in Dubai took two weeks for over 100 companies to view our diamonds. With the kind of facility we are putting up, such numbers will just take a day or two to view.”

The diamond centre has been under construction in Mt Hampden just outside Harare for more than two years.

Once the centre is completed, it will have 500 factories and create 100 000 jobs.

Kurotwi said another advantage of having a diamond centre is that the influx of investors and buyers would boost downstream industries such as tourism, infrastructural development and improved health facilities.

Comments (3)

Processing our minerals here instead of exporting them raw is beneficiary to us, even a grade seven pupil would tell you that. So it boggles the mind why the minister would dilly dally on such a big project. Time is money.

Dr Know - 8 April 2014

Isnt this the same Korotwi who accused Mpofu of soliciting a bribe from Canadile diamonds and Mpofu then wrote to Mugabe defending himself and calling himself Ever Obedient Son. http://www.thestandard.co.zw/2010/11/11/mpofu-accused-of-asking-for-bribes-in-diamonds-saga/

Simba - 8 April 2014

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