The group is also looking at making further acquisitions as it seeks to consolidate its position on both the local and international market.
After the successful completion of the merger involving four different business entities which some analysts view with skepticism, the road is not yet over for the group which is seeking to raise over US$150 million through offshore facilities for expansion purposes as the group strategically position itself on the market.
Group Chief Executive Nigel Chanakira said the initial focus would be on refurbishing the hotel facilities with the group also planning on constructing new facilities as a strategic move in preparation for the 2010 soccer showcase. Strategic acquisitions are also in the pipeline said Chanakira.
Asked to comment on the merger deal, which saw four diverse business entities joining hands, Chanakira said it was in line with modern business trends premised on diversity as a move at minimizing risk at the same time improving viability in business.
He said the group would continue to look for alternative sources of raising capital, including listing on the London stock exchange.
Post published in: Economy