Proactive Investors - Run By Investors For Investors

Brainworks wants to build hotels again in Zimbabwe, says CEO Childs

Brett Childs, Brainworks Ltd (JSE:BRA) chief executive, tells Proactive he is looking to build up the number of hotel beds it owns in Zimbabwe to meet a rush of tourists.

Hotel occupancy jumped 20% in its normally quiet first half and Brainworks now sold its financial services business to focus on leisure.

Childs says he wants the company to become the vehicle of choice for any investor looking to invest in Zimbabwe tourism.

The country has five world heritage sites, while the upgrade to new Victoria Falls airport has given a significant boost to an area where Brainworks has over half of its assets.

Political change has also helped and Childs is looking to acquire greenfield sites to build new hotels in the country, something that has not happened for years.

 
Meet Alliance Pharma PLC, IXICO PLC, Benchmark Holdings PLC, Clinigen Group PLC and Shield Therapeutics PLC at our event, London , 24 January 2019. Register here »
View full BRA profile View Profile

Brainworks Limited Timeline

Newswire
October 16 2017

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use