Arden Capital, the JSE-listed private equity group that controls African Sun, is reassessing its investments after COVID-19 caused the lowest hotel occupancy rates ever.
Arden, formerly known as Brainworks, says it is “currently reviewing...
When Captain Obet Mazinyi first landed a job in Hong Kong in 1991, he was the only Black African pilot in Hong Kong. Obet is currently a senior instructor and examiner/Check Captain with Cathay Pacific, on the Boeing...
The International Finance Corporation (IFC), a unit of the World Bank, will provide technical and advisory support towards a Zimbabwe government plan to attract more airlines and flights into Victoria Falls and help the tourism hub recover...
Old Mutual Life Assurance Company (OMLAC) has reached a land deal with the government that moves the company a step further in its plans to build a new hotel and conference centre in Victoria Falls.
Zimbabwe and International Finance Corporation (IFC), a member of the World Bank Group, have launched an initiative to boost tourism in Victoria Falls and support recovery in Zimbabwe’s tourism industry, the worst hit by COVID-19.
The initiative, the ‘Victoria Falls...
Just two years ago, Zimbabwe’s tourism players were enjoying a boom, with arrivals hitting record highs and companies, for the first time in years, investing in new infrastructure in anticipation of further growth.
Shareholders of Meikles Limited are to meet next month to
vote on the sale of Meikles Hotel to Dubai’s Albwardy Investment for US$20 million,
according to a circular released by Meikles Limited on Friday.
Albwardy’s...
African Sun says it plans to spend US$25 million to
refurbish its resorts, despite civil unrest in the first quarter of the year and
the recession hitting hotel occupancy this year.
The company runs hotels...
Mureza Auto Company, an African car brand, plans to expand production from its plant in the Rosslyn business park outside Pretoria, to the Willowvale Assembly Plant in Zimbabwe and later the former Hyundai Plant near Gaborone in...
A LITTLE over 121,000 Americans visited Zimbabwe for business and leisure last year, 4% more than the pre-crisis peak registered in 1999.
With tourist arrivals up 15% in the first quarter of this year, Zimbabwe expects a sustained rebound for...
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