Arden Capital braces for tough 2020 as Covid-19 hits tourism
Group expected recovery, but pandemic has put additional pressure on Zimbabwe
01 June 2020 - 08:29
Zimbabwe-focused private equity group Arden Capital, formerly Brainworks, is bracing for the fallout from Covid-19, which has shuttered its 11 hotels and has undermined previous optimism about 2020.
The group is cutting staff and engaging with landlords, anticipating low volumes in demand in coming months, as Covid-19 threatens demand in the second half of 2020, its peak demand season...
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