African Sun Limited plans $11.01m capital investments for property refurbishments and IT upgrades due to business growth.

African Sun Limited (ASL), a Zimbabwean hospitality group, plans significant capital investments for property refurbishments and IT upgrades this year, due to projected business growth. Capital commitments increased by 20.22% last year to US$11.01 million, with funding expected from cash flows and debt finance. The company entered the year with a strong liquid position and a current ratio of 1.76.