Tycoon John Moxon's Meikles exits Zimbabwe's hotel industry after a public family succession fight
Meikles has agreed to sell its half of the Victoria Falls Hotel partnership to African Sun, eight months after deciding to retain the asset.
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Meikles has agreed to sell its half of the Victoria Falls Hotel partnership to African Sun, eight months after deciding to retain the asset.
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.
From retail and agriculture to hospitality and security, Moxon’s strategic leadership has shaped a conglomerate with a century-long history.
This $18.4-million surge firmly cements his place as one of the leading investors on the Zimbabwe Stock Exchange.
Moxon owns a 10.8-percent stake in Meikles Limited, a prominent Harare-based conglomerate.
According to data tracked by Billionaires.Africa, Moxon’s losses from his stake in Meikles Limited have now surpassed $148 million within 71 days.
Moxon ranks as one of the richest businessmen in Zimbabwe.
Moxon owns 10.8 percent of Meikles Limited.