RTG enters SA with US$5,6m Cape Town deal
Further to this, RTG posted a positive net working capital position of US$3,4 million during the period owing to a growth in foreign currency revenue.
By Tatira Zwinoira
Aug. 22, 2025
RTG completes US$5,2m refurbishment of Rainbow Towers Hotel
HOSPITALITY concern, Rainbow Tourism Group (RTG) has completed a US$5,2 million refurbishment of its flagship Rainbow Towers Hotel and the adjoining Harare International Conference Centre
By Ashton Ndakusiya
Aug. 7, 2025
RTG sinks US$500K into New Ambassador Hotel ‘comforts’
The refurbishment of the New Ambassador Hotel
By Belinda Chiroodza
Jul. 25, 2025
RTG expands beyond borders, targets SA
RTG’s cross-border pivot marks a significant departure from its historically domestic focus and signals growing investor appetite for high-return tourism assets in southern Africa.
By Freeman Makopa
Jun. 6, 2025
RTG invests US$1m to spruce up properties
RTG has invested US$26 million in hotel refurbishments over the past five years.
By Lee Musaidzi
May. 21, 2025
RTG posts positive net working capital of US$3,4 million
During the period under review, the group recorded total revenues of US$44,4 million, representing a 2% increase from the US$43,6 million posted in 2023.
By Tatira Zwinoira
Mar. 12, 2025
RTG targets Monomotapa Hotel in fresh expansion bid
ASL has been offloading non-core assets as part of its restructuring efforts.
By Tafadzwa Mhlanga
Mar. 7, 2025
RTG executives cleared of wrongdoing
Vultures are allegedly circling around RTG after Nssa, which holds a 91,6% stake in the leading tourism group, announced plans to dispose of 56% of its shares.
By Nqobani Ndlovu
Mar. 6, 2025
Premium
RTG invests US$26m in post-COVID recovery
Statistics from the Zimbabwe Tourism Authority show that tourist arrivals plunged from over 2,2 million in 2019 to 376 000 in 2021 due to travel restrictions.
By Nqobani Ndlovu
Mar. 5, 2025
