16:16 – 11 employees have been honoured for their commitment to Varum Beverages since its establishment. They were presented with certificates or tokens of appreciation.
16:04 – Just before his conclusion, Cde Mnangagwa calls for a new culture in Zimbabwe, where everyone, including the investors to shun corruption at all levels.
16:02 – He urges companies to be good corporate citizens who care about the community which they operate in.
16:00 – President Mnangagwa also urges Finance Minister Patrick Chinamasa to consider incentives for investors, such as tax breaks, saying this will attract more investors.
15:58 – He urges prospective local and foreign investors to form joint ventures to enhance competitiveness.
15:57 – The President says his government is committed to continuously improve the investment climate in the country. He says various reforms associated with export procedures are being considered.
15:55 – “I am informed that competitors in the beverages sector have started reducing prices, that is very good.”
15:54 – He commends universities for producing graduates capable of fitting into the industry after he met 3 ladies employed by the Pepsi plant who studied at UZ, NUST and MSU. He adds that this investment is in sync with the thrust to modernise local industries.
15:54 – ED – “We celebrate companies like yours, helping us to create employment in the Zimbabwean economy.”
15:51 – Cde Mnangagwa commends the state of the art machinery he saw when he toured the Pepsi plant. During the tour, he cut the ribbon to officially open the plant.
“Thank you for partnering Zimbabwe in its quest to develop. This is the Zim we want, a country full of hope where companies and firms are being established,” adds Cde Mnangagwa.
15:49 – President ED now speaking.
15:47 – “Our guest of honour is a distinguished cadre of the liberation struggle. He has interfaced with various sectors of the economy, opening his door to a consultative process to develop Zimbabwe,” says Minister Bimha, chronicling President Mnangagwa’s previous government appointments before being appointed Vice President and eventually assuming the Presidency.
15:45 – Dr Bimha says the coming on board of Peps has brought about fresh and necessary competition in Zimbabwe’s beverages market.
15:40 – The Minister of Industry and Commerce, Dr Mike Bimha takes to the podium to introduce the Guest of Honour.
15:33 – Mr Masakui says President Mnangagwa’s commitment to free, fair and credible elections has the support of India, adding that his country will always support Zimbabwe across all spheres.
15:28 – Next to speak is Indian Ambassador to Zimbabwe, Mr R Masakui, who hails the excellent relations between Zimbabwe and India.
15:19 – Mr Ravi Jaipuria Chairman of RJ Corp takes to the podium. Varun Beverages Zimbabwe is a subsidiary of RJ Corp.
Mr Jaipuria speaks about the various products or soft drinks they are producing such as Pepsi and Mirinda.
15:15 – Mr Murawa says communication between industry and the government is key to create a conducive environment for investment and growth.
15:13 – “Since we entered into the market, prices began to tumble,” Murawa.
15:07 – Pepsi Zimbabwe General Manager, Mr Fungayi Murawa address delegates.
15:01 – We are now live on ZBC TV and proceedings begin with the singing of the National Anthem.
14:13 – President Emmerson Mnangagwa will be the Guest of Honour at the ceremony.
13:50 – Pepsi Zimbabwe Manufacturing Company’s plant in Harare will this afternoon be officially opened.