Search results for 'African Sun'
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
Zimbabwe
Zimbabwe Welcomes Over 750,000 Tourists in H1 2024,  Tourism Receipts Edge Half a Billion

Zimbabwe’s tourism sector has shown remarkable growth in the first half of 2024, with international tourist arrivals increasing by 27% to 751,483 from 592,567 compared to the same period in 2023 accor

Mar 13, 2025
Companies
African Sun’s Caribbea Bay Resort Put on Sale

African Sun Limited, Zimbabwe’s largest hotelier group by room and market share has placed the Caribbea Bay Resort on the market as part of a strategic effort to modernise its portfolio and enhance op

May 29, 2025
Companies
Immature Romance: African Sun Delists from VFEX After 3 Years Courtship

Zimbabwe’s largest hotel group by market capitalisation and asset base, African Sun Limited, is preparing to leave the Victoria Falls Stock Exchange. In a cautionary statement issued on 12 February 20

Feb 16, 2026
Companies
Sun International Cautions Strong Earnings Jump as Digital Surge Offsets Land-Based Pressures

The collapse of the proposed R7.3 billion acquisition of Peermont, a rival casino group, after regulatory delays, has also freed up capital. Bengtsson has signalled the group will reassess its capital

Mar 09, 2026
Companies
Zimbabwe's Largest Hotel Group Exits VFEX: Reasons Say More About the Exchange Than Company

African Sun Limited has ceased to be a listed company at midnight on Monday, 20 April 2026, becoming effective from that date a Public Unlisted Company following the formal termination of its listing

Apr 21, 2026

Top Stories

Mozambique, South Africa Drive Zimbabwe’s Q1 Growth: America’s Slump Weakens March Arrivals

Zimbabwe's tourism sector has recorded 384,561 international arrivals in the first quarter of 2026, an 11% increase year-on-year, generating USD 251 million in tourism receipts, a 14% improvement from

15 minutes ago

South Africa Sees Steep Fuel Price Hike in Years: What’s Next for Zimbabwe?

South Africa is set to implement a steep fuel price increase effective Wednesday 6 May 2026, with diesel rising by R6.19 per litre (USD 0.37) and petrol increasing by R3.27 per litre (USD 0.20), as co

1 hour ago

Gold Sets New Q1 Price Record: Lifts Zimbabwe Even as Production Underwhelms

The LBMA gold price has set a new quarterly average record of USD 4,873 per ounce in the first quarter of 2026, having hit an all-time historical high of USD 5,405 per ounce in January before a notabl

2 hours ago

Funny Facts About Zim-Regional Fuel Prices: Zambia’s Cheaper Fuel Passes Through Zimbabwe First

Zambia imports a substantial portion of its refined petroleum products through Zimbabwe, transiting Beit Bridge and travelling north along the Harare-Chirundu highway corridor before crossing into Lus

5 hours ago

Dangote Refinery to Supply Fuel to Ethiopian Airlines Directly

The global aviation industry is entering a period of adjustment driven by energy market dynamics. Rising fuel costs, supply uncertainties, and shifting demand patterns are forcing airlines to rethink

20 hours ago

Mutapa Gold Arm Gets New CEO as Commodity Financing Ambition Builds

Patrick Maseva-Shayawabaya has been appointed Chief Executive Officer of Mutapa Investment Fund's gold subsidiary, replacing Trevor Barnard, who has held the role since 2024. Maseva-Shayawabaya joins

1 day ago

Kingdom Hotel Set for Rebrand as Dubai Investor Expands Zimbabwe Footprint

ASB Hospitality LLC, the Dubai-based subsidiary of Albwardy Investment, has completed the acquisition of Makasa Sun (Private) Limited, owner of the 294-room Kingdom Hotel in Victoria Falls, for USD 30

1 day ago

Zimbabwe Spends Nearly US$1bn on Electricity Imports, Mutapa Lines Up US$500m Energy Investment

Zimbabwe has spent USD 881.7 million importing electricity between January 2021 and March 2026, according to a monthly import series derived from ZimStat External Trade Statistics. The cumulative fig

1 day ago