African Sun offloads Great Zimbabwe Hotel in US$4.2 mln deal
TweetShareSharePin0 SharesBy ETimes HARARE – THE announcement regarding African Sun Limited (ASUN) disposing of the Great Zimbabwe Hotel (GZH) to the Mewame Family Trust for a total consideration of US$4.2…
COMESA Investigates Zambia Airways for Consumer Rights Violations
TweetShareSharePin0 SharesBy ETimes HARARE – THE COMESA Competition Commission (the Commission) has officially launched an investigation into Zambia Airways (2014) Limited over alleged violations of consumer protection regulations. According to…
ANALYSIS| Subdued Consumer Demand As Meikles PAT Falls 15% to ZWL$9.6 billion in HY23
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis The performance suggests the challenging operating environment had an adverse effect on the group’s performance. Moderate improvement in gross profit margins…
Elephant Hills Resort and Conference Centre refurb to commence soon: Afsun
TweetShareSharePin0 SharesBy ETimes African Sun, one of the country’s leading hospitality companies, has announced that it will be shifting its focus to the second phase of refurbishing the iconic Hwange…
African Sun, financiers discuss standby financing facilities
TweetShareSharePin0 SharesBy ETimes HARARE – Hospitality and tourism group African Sun Limited is in talks with lenders for standby funding to spruce up the image of its hotels amid intense…
Vic Falls hotels occupancy levels averaged 51% over Aug public holidays
TweetShareSharePin0 SharesBy ETimes The occupancy levels for Victoria Falls hotels averaged 51% over the Heroes’ and Defence Forces Day holidays amid fears that the bad state of the 435km Bulawayo-Victoria…
Tourist arrivals up 50% in H1 as ZSE ends with marginal gains
TweetShareSharePin0 SharesBy ETimes Profit-taking by investors on the Zimbabwe Stock Exchange (ZSE) impacted trading activities, as the mainstream index recorded marginal gains Friday, forcing market capitalisation to appreciate by 1,41…
Interview: Meikles Hotel committed to excellence – GM
TweetShareSharePin0 SharesBy ETimes As Economic Times we caught up with Meikles Hotel General Manager, Tinashe Munjoma (TM) for a quick chat at the sidelines of the Twalumba Awards, and this…
African Sun optimistic about local and regional expansion after VFEX listing
TweetShareSharePin0 SharesBy ETimes Listed hospitality and tourism group African Sun Limited says the delisting of its shares from the Zimbabwe Stock Exchange (ZSE) to the US-denominated Victoria Falls Stock Exchange…
Hwange Safari Lodge undergoes US$4.2 million facelift
TweetShareSharePin0 SharesBy ETimes A major refurbishment programme is under way at Hwange Safari Lodge, one of Zimbabwe’s most well-established resort hotels, situated just outside the world-famous Hwange National Park. African…