Articles tagged 'shingi munyeza'

All set for 'Call To Worship' 10th anniversary festival 8 September 2018 HARARE - Interdenominational gospel music group and renowned praise and worship ensemble Call To Worship kicked off its upcoming 10th anniversary gathering with a well-attended leaders breakfast in Harare this week. The group, which has held annual praise and worship events over the past nine ...
Munyeza's franchise businesses crumble 2 June 2018 HARARE - Business Shingi Munyeza seems to have failed to grow the businesses he acquired several years ago as he is reportedly set to dispose the franchises. Munyeza started by scaling down operations at some of the franchises such as Ocean Basket, News Café and Mugg & Bean before closing them...
Munyeza's elite Mugg&Bean shuts branch 29 January 2018 HARARE – Zimbabwe's Mugg and Bean (M&B) franchise owner Shingi Munyeza, has shut down one of the exclusive restaurant's joints — Avondale branch — following non-renewal of its lease. Munyeza — who also holds the seafood-themed Ocean Basket and pub-restaurant News Café franchises — told the Dai...
Zanu PF won't reform: Munyeza 3 March 2017 HARARE - Prominent businessman Shingi Munyeza has warned opposition parties that they must be ready to participate in 2018's elections on an uneven ground, as Zanu PF will not reform itself out of power. Writing on his Facebook page, he said “many are looking forward to an evening of the playi...
Munyeza moves to consolidates ops 7 September 2016 HARARE - Businessman Shingi Munyeza’s Vinal Investments — which holds several international food outlet franchises, including News Café — is moving to consolidate its operations in light of a deteriorating economic environment. Munyeza — owner of Mugg & Bean, Ocean Basket, Simply Asian and fro...
Let us support the lone voices 22 May 2016 HARARE - IT IS pleasing to note that more and more Zimbabweans are beginning to gather the courage to confront the Zanu PF regime. However, it appears we left it until too late to remind the powers that be that they were leading the whole nation astray. At independence in 1980, the Zanu PF ...
Candid talk is the way 20 May 2016 HARARE - A few days ago, prominent businessman Shingi Munyeza critiqued and proffered solutions, in his view, to problems bedevilling Zimbabwe. It was unusual, forthright and candid. Rarely do we have people of his profile openly speak out their mind in Zimbabwe, especially when it comes to...
Munyeza takes govt head-on 17 May 2016 HARARE - Prominent businessman Shingi Munyeza has warned the government to reduce its profligate spending and dispose underperforming State-owned enterprises in the wake of current economic challenges and worsening cash shortages. In a strategy paper dubbed the “10-Point Plan” — which he fashi...
Munyeza clinches more restaurant franchises 22 April 2015 HARARE - Businessman Shingi Munyeza has clinched three more international restaurant franchises as he seeks to extend his dominance in the fast-food sector. The former African Sun Limited chief executive, who already owns Mugg & Bean, Ocean Basket and News Café franchises in Zimbabwe, told bus...
Munyeza resigns, as Brainworks plans ASL takeover 1 April 2015 HARARE - African Sun Limited (ASL) chief executive Shingi Munyeza has resigned with immediate effect, as private equity firm Brainworks Capital Management (BCM) plans a total takeover of the listed hospitality group. Munyeza — a businessman and owner of Mugg & Bean, Ocean Basket and News Café ...
Munyeza clinches Ocean Basket franchise 20 November 2014 HARARE - Businessman Shingi Munyeza — through his investment vehicle Vinale Investments (Vinale) — has clinched a franchise for South African seafood restaurants chain Ocean Basket. Ruddy Makoni, Vinale's operations manager, told Business Live that they are set to open their first Ocean Basket...
'Economic rebound possible' 23 July 2014 HARARE - African Sun Limited chief executive officer, Shingi Munyeza says there is enough wealth in Zimbabwe to turn around the economy, currently on a downward spiral. The business executive, who heads one of the biggest hospitality groups in Sub-Saharan Africa, said this during a builders’ c...
ZSE blocks ASL, Dawn deal 26 February 2014 HARARE - The Zimbabwe Stock Exchange (ZSE) has blocked African Sun Limited (ASL)'s proposed transaction to dispose its 16,54 percent stake in listed property firm, Dawn, over breach of listing rules. Shingi Munyeza's ASL intends to offload its 406,466,976 Dawn shares to Lengrah Investments Pri...
Tourism $5bn target faces hurdles 17 February 2014 HARARE - Tourism ministry’s aim to contribute $5 billion towards the country’s gross domestic (GDP) product by 2018 faces new hurdles posed by government’s  restrictive policies. Last year, Zimbabwe introduced 15 percent value added tax (vat) on foreign receipts, a move tourism operators say i...
African Sun to delist? 16 December 2013 HARARE - Hospitality concern African Sun Limited (ASL) may delist from the Zimbabwe Stock Exchange (ZSE) after private equity group Brainworks Capital (Brainworks) increased its shareholding beyond the bourse’s prescribed threshold. Last month, Brainworks — through its subsidiary Lengrah Inves...
Brainworks ups African Sun stake 27 November 2013 HARARE - Brainworks Capital (Brainworks) — through its subsidiary Lengrah Investments (Private) Limited (Lengrah) — has increased its shareholding in African Sun Limited (African Sun) to 43 percent from 32 percent. This follows the financial advisory firm's acquisition of 42,3 million African ...
Munyeza acquires Mugg & Bean franchise 18 November 2013 HARARE - Hospitality group African Sun's chief executive Shingi Munyeza has acquired the franchise for South African food outlet, Mugg & Bean (M&B) for the Zimbabwean market. Munyeza said he acquired the franchise for the specialised coffee shop from South Africa (SA)'s Famous Brands under his...
Afrisun plans five new hotels 28 June 2013 LISTED hospitality group African Sun Limited (Afrisun) says it plans to establish five new hotels in the near future. The hotelier said the move is part of strategies to unlock shareholder value. We have five sites that we are looking for in Zimbabwe, said the group s chief executive Shingi Munye...