Search results for 'Hospitality Industry'
Companies
African Sun Plans Further Asset Sales After Raising US$6.9 Million

African Sun, Zimbabwe's largest hotel group, is gearing up for a significant disposal of assets following the recent sale of two underperforming hotels for $6.9 million. This strategic move aims to op

Sep 19, 2024
Companies
RTG Surpasses 50% Occupancy, for the First Time Following Major Refurbishments

Rainbow Tourism Group (RTG), the second-largest hotel group after African Sun, has achieved a remarkable occupancy rate of over 50% in the six months ended 30 June 2024.  This marks a historic milest

Oct 02, 2024
Companies
African Sun Limited's HY Results: Losses Widen, but Real Estate Shows Promise

Largest hotelier group, African Sun Limited's (ASUN), real estate market performed well during the first half of 2024 (1HY), with its contribution increasing from 2% to 6% and generating an additional

Oct 08, 2024
Companies
Iconic Monomotapa Hotel Put on Sale

The iconic Monomotapa Hotel has officially been placed on the market, as announced by its parent company, African Sun. This development was disclosed through a circular posted on the Victoria Falls St

Nov 06, 2024
Companies
African Sun Occupancy Rate Exceeds 50%, Revenue Edges 50 Million

African Sun, the largest hotel group in the region, reported occupancy rates exceeding 50% reaching 55%, a 7-percentage point increase from the same period last year. This achievement played a crucia

Nov 18, 2024

Top Stories

Zim's Mineral Exports Soar, Earnings Plummet 27% in Q1 2025

Zimbabwe’s mining sector has achieved a 16% increase in mineral export volumes in the first quarter of 2025 reaching 1 million metric tonnes compared to 883,301 tonnes in Q1 2024, according to the Min

10 hours ago

Zimre Holdings to List Emeritus International on Botswana Stock Exchange After a Mega Profit Jump in 2024

Zimre Holdings Limited (ZHL) plans to list its reinsurance subsidiary, Emeritus International, on the Botswana Stock Exchange (BSE) in 2025, marking a pivotal step in its pan-African growth strategy.

16 hours ago

Zambia's Solar Bet: Is Off-Grid Viable in SADC?

Zambia’s electrification journey has pivoted sharply toward off-grid solar solutions, driven by necessity and strategic foresight, as droughts have exposed the fragility of its 80% hydropower reliance

18 hours ago

Blanket Mine Sets New Gold Production Record in Q1 2025

Blanket Mine, flagship asset of Caledonia Mining Corporation, delivered a stellar Q1 2025, achieving a record first-quarter gold production of 18,671 ounces, surpassing the previous high of 18,515 oun

1 day ago

Ariston’s Macadamia Production Rises 3%, Narrows Loss Position

Ariston Holdings Limited, a diversified agricultural company listed on the Zimbabwe stock exchange (ZSE), has reported a 3% increase in macadamia production to 1, 395 tonnes for the year ended 30 Sept

1 day ago

VFEX Achieves Record Turnover in Q1 2025, Driven by Local Investor Confidence

The Victoria Falls Stock Exchange (VFEX) posted a remarkable Q1 2025, driven by local investors who powered a record-breaking turnover of $58.5 million and a historic daily high of $40.1 million on Fe

1 day ago

Caledonia Nets $22.35M from Solar Plant Sale, Bolsters Liquidity for Gold Expansion

aledonia Mining Corporation  has sold  its 12.2 MW solar plant to CrossBoundary Energy Holdings (CBE) for $22.35 million in cash according to the latest circular by the company. This move is to allow

1 day ago

Nampak Sells Majority Stake in Zimbabwe Operations to TSL Limited

Nampak South Africa Limited (Nampak SA), a leading packaging company listed on the Zimbabwe Stock Exchange (ZSE), has finalised an agreement to sell a 51.43% stake in its Zimbabwe operations, Nampak Z

Apr 14, 2025