Search results for 'RTG'
Zimbabwe
RTG records stellar profit growth, as occupancy more than doubles

ZSE-listed hospitality service provider, Rainbow Tourism Group’s (RGT) revenue grew 309% to ZW$21.4 billion, up from ZW$5.2 billion in the comparative period prior year as hotel room occupancy more th

Nov 24, 2022
Companies
RTG Surpasses 50% Occupancy, for the First Time Following Major Refurbishments

Rainbow Tourism Group (RTG), the second-largest hotel group after African Sun, has achieved a remarkable occupancy rate of over 50% in the six months ended 30 June 2024.  This marks a historic milest

Oct 02, 2024
Companies
Rainbow Tourism Group's Financial Performance Analysis

The Rainbow Tourism Group's financial performance indicates a strong recovery in the hospitality industry. Key profitability measures demonstrate the company's ability to generate revenue and manage c

Oct 02, 2024
Companies
RTG to Acquire Montclair Hotel for US$5 Million, Expands Portfolio to 7

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
Companies
RTG Declares US$2.5 Million Dividend After Stellar FY2024 Performance

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
Zimbabwe
Zimbabwe Welcomes Over 750,000 Tourists in H1 2024,  Tourism Receipts Edge Half a Billion

Zimbabwe’s tourism sector has shown remarkable growth in the first half of 2024, with international tourist arrivals increasing by 27% to 751,483 from 592,567 compared to the same period in 2023 accor

Mar 13, 2025
Companies
RTG Completes Hotel Refurbishments for US$1 Million in Q1 2025

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe, has invested 1 million in the first quarter of 2025 for hotel refurbishments according to its latest trading update.

May 20, 2025
Companies
African Sun’s Topline Slumps in Q1 as Occupancy Falls to 39%: A Comparison with RTG

African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by

May 21, 2025
Companies
RTG Revenue Surges 15% in H1 2025 on Acquisitions, Refurbishments

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe has seen a 15% uptick in revenue during the first half of 2025, entering the second half on higher-note. The increas

Sep 10, 2025
Companies
Revenue Up, Cash Down: Two Different Stories Behind RTG's FY2025 Results

Rainbow Tourism Group Limited, has reported revenue of US$50.3 million for the year ended 31 December 2025, a 13% increase from US$44.4 million in 2024. This comes after the group navigated persistent

Mar 26, 2026
Zimbabwe
From Mortgage Lender to Property Developer: How Zim's Banks Are Reinventing Themselves

FBC Holdings, one of Zimbabwe's largest diversified financial services groups with operations spanning commercial banking, building society activities, insurance, and microfinance, has disclosed at an

Mar 30, 2026

Top Stories

Most Expensive Fuel in Africa: Why the Middle East Is Only Part of the Story

Harare-Effective 2 April 2026, ZERA set diesel at US$2.11 per litre and petrol blend E5 at US$2.23, citing a 33.16% rise in the diesel FOB price since the last review as a direct consequence of the Ir

1 day ago

The Cotton Revolution: Govt Slashes Agric Levies 75% In Sweeping Regulatory Overhaul

Zimbabwe's Ministry of Finance, Economic Development and Investment Promotion has announced one of the most comprehensive regulatory reform packages the agricultural sector has seen in years, with Cab

1 day ago

Tigere REIT Leads Peers with Doubled Q1 Net Property Income, Four Yield Accretive Acquisitions Planned for 2026

Tigere Real Estate Investment Trust has once again set the pace among Zimbabwe's listed REITs, delivering a standout first quarter performance that reflects its dominance over smaller and newer peers

Apr 09, 2026

Zimre Holdings Delivers Transformational  Turnaround on Elite Underwriting Discipline and Investment Gains

Zimre Holdings Limited (ZHL) has recorded its strongest performance since the IFRS 17 transition, posting a 196% increase in profit for the year to USD16.70 million for the twelve months ended 31 Dece

Apr 09, 2026

Eagle REIT Executes Major Portfolio Expansion Despite Lower Reported Profit from Reduced Stand Sales

Eagle Real Estate Investment Trust, Zimbabwe's first dollar listed reit, has delivered a textbook development-focused performance in 2025, prioritising long-term value creation over short-term trading

Apr 09, 2026

Morgan & Co ETF Delivers 21% Return and Strong Real NAV Growth in 2025, Despite Trailing Broader Market

The Morgan & Co Made In Zimbabwe Exchange Traded Fund has posted a solid 21% total return for the year ended 31 December 2025, generating a meaningful positive real return after comfortably beating ye

Apr 09, 2026

The Banking Sector: How Zim Listed Banks Performed, What Shapes the 2026 Outlook

Zimbabwe's six listed banking groups closed the year to December 2025 having generated their strongest aggregate profitability in the post-hyperinflation era, collectively earning an estimated $140 mi

Apr 09, 2026

FBC Holdings Reports 84% Profit Jump , Core Trading Income Surges 34% and Now Dominates Revenue Mix

FBC Holdings Limited has delivered a markedly stronger underlying performance in 2025, posting an 84% increase in profit before tax to ZWG 815.2 million from ZWG 443.7 million the prior year, while pr

Apr 09, 2026