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

IMF Backs Zimbabwe’s 5% Growth Forecast, Above Continental Average

The International Monetary Fund projects Zimbabwe's economy will grow 5% in 2026, matching the government's own forecast and beating the IMF's continental average projection of 4.3%. Alongside that p

Apr 17, 2026

Morgan & Co ETF Loses 68% of NAV as Redemptions Drain Fund

The Morgan & Co Multi-Sector Exchange Traded Fund has ended 2025 with a Net Asset Value of ZWG 24.18 million, down from ZWG 75.25 million twelve months earlier. That was a 68% collapse in fund size wi

Apr 17, 2026

Zimbabwe Records First Sustained Single-Digit ZiG Inflation in Three Decades as Q1 2026 Data Confirms Monetary Consolidation

In its Q1 2026 Quarterly Snapshot published in April 2026, confirmed that ZiG annual inflation reached 4.4% in March 2026 and 3.8% in February 2026, supported by month-on-month inflation of 0.5% in M

Apr 17, 2026

Edgars Grows Profit 139%, Funding Costs Keep Earnings Base Under Pressure

Edgars Stores Limited has reported profit after tax of USD 1.947 million on total revenue of USD 41.3 million for the 52 weeks ended 4 January 2026. That is a net margin of 4.7% on a revenue base that

Apr 17, 2026

Tea Collapse, Thin Cash, Rising Debt: Ariston’s Recovery Still Hangs in the Balance

Ariston Holdings Limited, the Zimbabwe-listed agribusiness that farms tea, macadamia nuts, and specialty crops across estates including Southdown and Kent has posted a revenue of 21% to $5.6 million,

Apr 17, 2026

IMF Warns of Stagflation Trap in Emerging Markets as Limited Middle East Conflict Tests Policy Limits

The International Monetary Fund (IMF), has uncovered a overlooked risk in its latest global outlook, a stagflationary trap that could grip emerging markets and developing economies far more severely t

Apr 16, 2026

Zambeef Discloses USD5 Million Power Deal with Non-Executive Director’s Company

Zambeef, has formally disclosed a significant related-party transaction under AIM Rule 13, entering a long-term electricity supply agreement with Kanona Power Company Limited, a company in which Non-E

Apr 16, 2026

Zimbabwe 4th in SADC for Organised Crime Vulnerability, Yet Relatively Safer Continent-Wide

Zimbabwe has recorded its sharpest quarterly jump in police-reported crime in 2025, with 426,946 offences logged between October and December, a 12.1% increase from the 380,727 cases in the third quar

Apr 16, 2026