馃嚳馃嚰ZimbabweSouthern Africa
African Sun delists from Victoria Falls Stock Exchange, transitions to unlisted public company
via NewsDay Zimbabwe5 min read
Hospitality group African Sun Limited has delisted from the Victoria Falls Stock Exchange VFEX and will now operate as an unlisted public company. The company confirmed it met all regulatory conditions for the voluntary termination of its listing, with trading in its shares ceasing on April 9, 2026, and the delisting effective April 20, 2026. This move follows shareholder approval at an extraordinary general meeting in March and a share buyback offer. Repurchased shares will be processed according to the Companies and Other Business Entities Act, with settlements starting after the formal transfer of shares on April 20. For shareholders who did not participate in the buyback, an over-the-counter OTC trading platform will be introduced. This strategic repositioning by African Sun, one of Zimbabwe鈥檚 largest hotel groups, is a significant development for the VFEX, a foreign currency-denominated bourse, and its impact on liquidity and investor confidence will be closely observed by analysts and the hospitality sector.
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Must ReadZimbabwe has commissioned a specialised honey testing laboratory. This initiative aims to enhance the country's export competitiveness in the honey market.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory. This initiative aims to enhance the country's export competitiveness in the honey market.
Zimbabwe is sending its largest-ever delegation to the Education Africa International Marimba & Steelpan Festival, with ten schools and groups participating. The festival, hosted at St Dominic's Catholic School for Girls in Boksburg, South Africa, from July 24-26, will gather over 2,300 young musicians from four African countries. Zimbabwean participants include Chiremba Primary School, Charles Wraith Primary, Eland Oak School, Giamari Zimbabwe Rimbatainment, Hillcrest College, Ifalethu Arts Centre, Tynwald Primary School, Windview Primary School, and Brookside International School. Education Africa founder James Urdang highlighted that the festival is more than a competition; it is a platform for developing talent, building confidence, celebrating cultural diversity, and fostering understanding and friendships through music. The event also serves as a fundraiser for Education Africa's Marimba Programme, which provides music education access to young people.