African Sun

African Sun Limited, 'African Sun', is the fastest-growing hospitality group in sub-Saharan Africa. It currently has interests in Zimbabwe, South Africa, Ghana, Nigeria, and Mozambique. Plans for operations in Equatorial Guinea, Botswana and Tanzania will shortly come to fruition. 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, itself listed on the local exchange, retains an 18.96% equity stake in Dawn Properties, which owns nine of African Sun's leased properties in Zimbabwe as well as a variety of other investments.