As minority shareholders of Sunbird have been urging government to ease its 71% stakes on the hospitality giant, the Ministry of Tourism has said the government is considering how best it could dilute its shareholding to make more room for minority shareholders.

Tourism Minister Salim Bagus was visiting a construction site of the multi-billion kwacha Waterfall Hotel which Sunbird is constructing next to Sunbird Livingstonia, where he revealed that the issue is still under discussion. “…as the government we will see what could be done. That is not a worrisome issue at the moment and we will deal with that matter”

During the hotel’s annual general meeting (AGM) Sunbird Board Chairperson Philip Madinga, told stakeholders that the company remains positive about the future, despite a growing competition on the market. “Sunbird Tourism still enjoys market leadership in the hospitality industry,” said Madinga.

He outlined that Sunbird will keep leading amidst a competitive environment, as it has implemented product improvements such as the refurbishment of rooms, as well as intensifying marketing. Madinga assured the stakeholders that the performance trajectory of Sunbird would be maintained in 2019.