Day: February 17, 2026
African Sun convenes EGM to seek shareholder approval for Carribea Bay Resort sale
African Sun Limited is set to convene an Extraordinary General Meeting (EGM) on March 4, 2026, to finalize the disposal of Caribbea Bay Resort and its associated assets for US$5.65 million. The company is selling the property to the Public Service Pension Fund (PSPF), a State-managed, funded retirement scheme. Caribbea Bay Resort The sale proceeds […]
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Stakeholders Consult on Insuring Public Assets to Boost National Resilience
The Insurance and Pensions Commission (IPEC), the Ministry of Finance, Economic Development and Investment Promotion, and the insurance sector convened a high-level consultative meeting in Harare to discuss the importance of insuring public assets, a key initiative under the National Development Strategy 2 (2026-2030). Insurance and Pensions Commission (IPEC) Commissioner, Grace Muradzikwa Insuring public assets […]
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African Distillers Sees Robust Growth in Q3, Driven by Strong Consumer Demand
African Distillers Limited has released its trading update for the third quarter ended December 31, 2025, reporting robust growth in volume and revenue. The trading environment was characterized by relative stability in inflation and exchange rates, supporting effective business planning. Increased consumer spend, driven by mining, informal sector activity, and diaspora remittances, benefited the business. […]
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