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
African Distillers Limited, the ZSE-listed beverages manufacturer in which Delta Corporation holds a combined direct and indirect stake of approximately 50.5% and Heineken Beverages holds 28.5%, has
Zimbabwe's economy closed 2025 with a full-year growth trajectory that comfortably outpaced regional peers, with the Q4 2025 year-on-year GDP growth rate of 7.04% confirming that the economy sustained
Zimbabwe's 2026 flue-cured Virginia tobacco season had, by Day 42 of trading on 5 May 2026, moved 199,114,300 kilograms across both auction and contract floors at a combined average price of USD 2.60
Telecel Zimbabwe, once the historically second-largest mobile operator in the country with 1.92 million active subscribers and a 15.1% market share as recently as 2015, is currently operating under vo
ZERA, Zimbabwe's energy regulator, has held flat petroleum pump prices for the period to 15 May 2026 with petrol (E20 blend) at USD 2.08 per litre and diesel at USD 2.09 per litre in United States dol
The numbers suggest that the stakes are high. Diesel consumption continues to grow, reflecting economic activity and structural dependence on road transport. Any intervention in this market will have
Cabinet has approved a comprehensive review of licences, permits, levies, and fees charged across Zimbabwe's mining sector, introducing a tiered fee structure in which artisanal and small-scale miners
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