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
Rainbow Tourism Group (RTG), Zimbabwe’s second-largest hotel group, has made a bold move to expand its regional footprint by acquiring a seven-storey commercial property in Cape Town, for ZAR98 millio
Aug 21, 2025
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
Zimbabwe’s largest hotel group by market capitalisation and asset base, African Sun Limited, is preparing to leave the Victoria Falls Stock Exchange. In a cautionary statement issued on 12 February 20
Feb 16, 2026
Rainbow Tourism Group Limited (RTG), Zimbabwe’s second-largest hotelier, has recorded a 32% increase in revenue to US$11.41 million for the first quarter ended 31 March 2026, from US$8.65 million in t
Jun 24, 2026
Mimosa processed about 41,000 fewer tonnes during FY2026. The lower grade then reduced the metal contribution from the smaller processing base. Restoring production will require progress in both area
Higher throughput lifted concentrate production by 5%, leaving 24,000 ounces in inventory as lower grade and delayed fleet spending shape the FY2027 production test
Seed Co Limited, the Zimbabwe listed seed producer, narrowed its operating loss by 35% to US$2 million during the quarter ended 30 June 2026 as stronger winter cereal seed demand, early maize export
The Government’s debt-resolution and arrears-clearance programme is therefore about more than reducing a number on a balance sheet. It is about changing the composition of Zimbabwe’s creditors and, ul
The next milestone will be whether Government can maintain that momentum.The US$20 million allocation for 2026, followed by the planned US$70.5 million settlement during 2027 and 2028, creates a clear
The strongest conclusion from the first half of 2026 is that Zimbabwe’s revenue system is currently generating more than Treasury expected. The Government collected US$5.15 billion equivalent, compare
Delta Corporation accrued US$7.3 million in sugar tax across its affected non alcoholic beverage categories during the quarter ended 30 June 2026, placing the levy near the annual pace recorded in the
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