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Disposals bolster African Sun’s cash flow position
This demonstrated the group’s ability to meet its operational obligations and sustain its day to day operations without reliance on external funding.
By Tatira Zwinoira
Sep. 19, 2025
African Sun overturns loss in H1
African Sun Limited overturned a loss to post a profit
By Ruth Maseko
Sep. 17, 2025
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Pension fund clinches US$18m Monomotapa Hotel takeover deal
Strategically located in Harare’s central business district, Monomotapa is one of the country’s most recognisable tourism assets.
By Tatira Zwinoira
Aug. 3, 2025
African Sun to offload Kariba’s Caribbea Bay Resort
The sale of the hotel is part of ASL’s broader divestment strategy targeting non-core assets.
By Business Reporter
May. 29, 2025
African Sun to offload US$15m hotel by June 30
The sale of Monomotapa Hotel comes as the hotel recorded a loss of US$883 293 in 2023, before turning it into a profit after tax of US$88 992 last year.
By Tatira Zwinoira and Lee Musaidzi
May. 5, 2025
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African Sun gears up for major refurbishments
The renovations will be funded from the sale of the group’s non-strategic assets which the firm is offloading to focus on its key earning properties.
By Business Reporter
Mar. 13, 2025
RTG targets Monomotapa Hotel in fresh expansion bid
ASL has been offloading non-core assets as part of its restructuring efforts.
By Tafadzwa Mhlanga
Mar. 7, 2025
African Sun promotion to boost domestic tourism
According to African Sun, guests will enjoy exclusive rates at different resorts including Caribbea Bay Resort and Great Zimbabwe Hotel.
By Staff Reporter
Feb. 7, 2025
African Sun promotes local tourism destinations for 2025
According to African Sun, Hwange Safari Lodge has undergone recent refurbishments and offers a unique blend of nature and comfort.
By Online Reporter
Jan. 21, 2025
SA’s RMB projects gloom as crisis in Zim deepens... bank ranks the country least attractive destination
Business Digest
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