The group’s Chief Executive Officer, Shingi Munyeza, told Radio VOP that his company is extending its reach to Nigeria and Ghana.
“We have got openings that are soon coming in Nigeria before the end of the year and a possible one this year in Ghana,” said Munyeza. “These are projects that we have been working on for the past two years. I hope that within two to three years we should be able to consolidate our growth into the sub- Saharan African market.”
African Sun already has three hotels in Nigeria, Obudu Mountain Resort, Amber Tipana and Nike Lake Resort. In Ghana the group manages Holiday Inn Accra Airport owned by Royal Airport Hotel.
The Zimbabwe Stock Exchange listed company is one of the fastest-growing hospitality group in sub-Saharan Africa. It currently has interests in Zimbabwe, South Africa, Ghana, Zambia Nigeria, and Mozambique. It plans to set up new operations in Botswana and Tanzania in the not so distant future.
Established in 1968, the company was part of what is now Delta Corporation, Zimbabwe’s leading beverage manufacturer. Under its then new name, Zimbabwe Sun Limited, and with a significant change in the ownership structure, it separated from Delta Corporation and, in turn, transferred title of its wholly-owned properties to Dawn Properties Limited, which was formed and listed on the Zimbabwe Stock Exchange in 2003 for that purpose.
African Sun Limited, retains an 18.96 percent equity stake in Dawn Properties, which owns nine of African Sun’s leased properties in Zimbabwe, some of which houses the 12 hotels it operates in Zimbabwe.
To reflect its pan-African ambitions, the company changed its name from Zimbabwe Sun Limited to African Sun Limited in May 2008.