Search results for 'Tourism sector'
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
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
Companies
First Capital Bank Nears Completion of US$30m Makasa Sun Disposal

First Capital Bank Limited has received exchange control approval for the US$30 million disposal of Makasa Sun (Private) Limited (Formerly The Kingdom Hotel) and is now awaiting the remaining regulato

Jan 06, 2026
Zimbabwe
City Parking Fees Cut to US$0.50, Licensing Overhaul Takes Legal Effect

The Government has cut city parking fees to US$0.50 cents per hour from US$1 per hour as part of a sweeping overhaul of business licensing and municipal charges now formalised under Statutory Instrume

Mar 02, 2026

Top Stories

ZB Financials Remains Profitable, Bad Loans Surge 518% to ZWG853m

ZB Financial Holdings has reported profit after tax of ZWG679 million for the year ended 31 December 2025, against a restated ZWG1.042 billion in 2024, a 35% decline that frames these results as a dis

23 hours ago

Currency Switch Costs TN CyberTech Bank ZWG61m in Hidden Earnings

TN CyberTech Bank Limited, the institution that spent decades as TN Bank, then Steward Bank, before shedding both identities in 2025 has reported a profit after tax of ZWG129 million for the ten month

23 hours ago

First Mutual Properties Holds $136m in Assets: ZSE Values it at $46m

Zimbabwe's largest listed property company is considering walking away from its own stock exchange, largely due to undervaluation by the Zimbabwe Stock Exchange, and the 2025 financials explain precis

1 day ago

First Mutual Holdings Swings From $26m Loss to a $14m Profit: Property Revaluation Did Most Work

First Mutual Holdings, Zimbabwe's largest listed insurer, has  posted a profit after tax of $14.3 million for the year ended 31 December 2025, against a loss of $26.3 million in 2024. The rehabilitati

1 day ago

Masimba Grows Revenue 10%, But Earns Less on Every Dollar

Masimba Holdings, the ZSE-listed civil engineering and contracting group entering its 75th year, posted revenue of ZWG1.6 billion for the year ended 31 December 2025, a clean 9.6% advance on the prior

1 day ago

Most Expensive Fuel in Africa: Why the Middle East Is Only Part of the Story

Harare-Effective 2 April 2026, ZERA set diesel at US$2.11 per litre and petrol blend E5 at US$2.23, citing a 33.16% rise in the diesel FOB price since the last review as a direct consequence of the Ir

Apr 10, 2026

The Cotton Revolution: Govt Slashes Agric Levies 75% In Sweeping Regulatory Overhaul

Zimbabwe's Ministry of Finance, Economic Development and Investment Promotion has announced one of the most comprehensive regulatory reform packages the agricultural sector has seen in years, with Cab

Apr 10, 2026

Tigere REIT Leads Peers with Doubled Q1 Net Property Income, Four Yield Accretive Acquisitions Planned for 2026

Tigere Real Estate Investment Trust has once again set the pace among Zimbabwe's listed REITs, delivering a standout first quarter performance that reflects its dominance over smaller and newer peers

Apr 09, 2026