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

Dairibord’s Profit Soars to US$3.7M as Milk Intake Jumps 49%

Dairibord Holdings Limited, a leading milk processor listed on the Zimbabwe Stock Exchange (ZSE)’s profit after tax has  more than doubled to US$3.7 million from US$1 million in the previous year. Th

19 hours ago

Zimbabwe’s Trade Deficit Plummets to All-Time Worst Since Mid-2024

Zimbabwe’s trade deficit reached a s US$217.7 million in February 2025, a 124.2% increase from the US$97.1 million deficit recorded in January, reflecting a deepening economic crisis driven by declini

21 hours ago

Zimbabwe’s Gold Export Earnings Sink for 3 Consecutive Months Despite Soaring Price Records

Zimbabwe’s gold export earnings have inexplicably plunged for three consecutive months slipping from a record high of US$361.1 million in November 2024 to US$291.8 million in December, US$291.4 milli

1 day ago

Halving Air Pollution Exposure by 2040: Critical Analysis of World Bank’s Vision

The World Bank’s recent report, Accelerating Access to Clean Air on a Liveable Planet, released on March 27, 2025, presents an ambitious yet attainable goal: halving the number of people exposed to d

2 days ago

Padenga’s Golden Leap: Runner-Up Gold Producer Cashes in +US$200 Million As Gold Output Jumps 17%

Padenga Holdings Limited, a gold mining titan listed on the US-Dollar denominated bourse Victoria Falls Stock Exchange (VFEX) has cemented its place as a giant in Zimbabwe’s gold mining sector, deliv

Mar 31, 2025

RBZ Holds Firm at 35% Rate Amid Weak Demand, Looming ZiG Inflation Spike

he central banking authority, Reserve Bank of Zimbabwe has held interest rate firm at 35% as it continues its gamble to fight inflation head-on. In its latest Monetary Policy Statement (MPS) followin

Mar 31, 2025

Tigere Property Fund to Acquire Greenfields Retail Centre in Q3 2025

Tigere Property Fund, Zimbabwe’s pioneering Real Estate Investment Trust (REIT), is set to acquire the Greenfields Retail Centre in the third quarter of 2025 (Q3 2025). This comes after the company,

Mar 28, 2025

Mash Holdings Maintains Profitability Despite 9% Drop in Profit After Tax

Mashonaland Holdings Limited, a leading property investment and development firm listed on the Zimbabwe Stock Exchange (ZSE), sustained profitability in FY2024, posting a profit after tax of US$3.7 mi

Mar 28, 2025