Hospitality concern, Rainbow Tourism Group (RTG) is eyeing a strategic acquisition to expand its business and enhance shareholder value. In a cautionary statement, the Group said the acquisition inv
Jul 07, 2023
Rainbow Tourism Group Limited, a prominent player in the hospitality sector listed on the Zimbabwe Stock Exchange has released its fourth cautionary statement regarding the ongoing negotiations for th
Sep 18, 2023
Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe, has entered into a definitive agreement to acquire Nyanga's Montclair Hotel and Casino for US$5 million. The acquis
Nov 25, 2024
Rainbow Tourism Group Limited (RTG) has declared total dividend of US$2.5 million for the year ended 31 December 2024, an increase from the US$1.5 million declared in 2023, following a stellar perfor
Mar 13, 2025
People’s Own Savings Bank (POSB), Zimbabwe’s government-owned financial institution, has launched the Instant Payday Loan, a fully automated loan facility designed to empower customers with rapid acce
obacco Industry Marketing Board has reached a record 299.1 million kilograms as of day 71 of the 2025 marketing season, generating US$1,004,477,101 billion in revenue, according to the latest daily
The World Bank’s latest Global Economic Prospects report has painted a sobering picture of the global economy, projecting global growth to decelerate to 2.3% in 2025, the slowest pace since the 2008 f
EcoCash Holdings Zimbabwe Limited has officially changed its name to TN CyberTech Investments Holdings Limited, marking a significant milestone in the company's evolution according to Ecocash holding’
The Zimbabwe Gold (ZiG), has sustained marginal erosion as it struggles to find course. Week on week, the ZiG closed at 26.9768 per USD on the 1th of June 2025, a marginal decline from 26.9401 the pr
Edgars Stores Limited, Zimbabwe’s largest clothing listed on the Victoria Falls Stock Exchange has invested US$1 million in its Carousel Manufacturing division according to the group’s latest financ
Gold prices ended May 2025 nearly unchanged, dipping just 0.7% to US$3,278 per ounce. Despite this flat finish, prices bounced around during the month due to mixed economic signals. Gold has had a st
Zimbabwe’s year-to-date gold deliveries have risen to 15.8 tonnes, the highest on record according to the latest data from Fidelity Gold Refinery (FGR). This was despite May deliveries decreasing by
