HARARE, January 17 (The Source) – Shareholders of the Rainbow Tourism Group (RTG) on Wednesday approved the company’s plan to raise $22,5 million through a rights offer and linked debentures as part of measures to restructure its balance sheet and lower its debt.
HARARE, January 12 (The Source) – Zimbabwe foreign exchange receipts increased by 3,77 percent to $5,5 billion in 2017 from $5,3 billion in the previous year on increased exports, and diaspora remittances, central bank governor said on Friday.
By Karel Stander, JOHANNESBURG, October 16 (The Source) – Zimbabwe is an expensive tourist destination if one measures the value of the Rand (or Pula) against the Dollar and consider the most expensive border fees in the region. The average South African middle class tourist,… Read More
HARARE, September 29 (The Source) – Rainbow Tourism Group (RTG) narrowed its half year loss from $2,9 million last year to $307,950.
HARARE, September 20 (The Source) – Tourist arrivals in Victoria Falls shot up 21,6 percent to 119,758 in the first six months of 2017 compared to the same period last year owing to an increase in air connectivity, an industry report has shown.
HARARE, September 11 (The Source) – Masawara Plc reported a 57 percent increase in after tax profit to $3,6 million in the six months to June from $2,3 million in the comparable period last year.
HARARE, August 9 (The Source) – African Sun Limited overturned a half year 2016 loss position of $560,000 to a net profit of $190,000 in 2017 largely driven by the growth in revenue and cost management initiatives.
HARARE, June 12 (The Source) – Tourist arrivals in Zimbabwe shot up six percent to 479,718 in the first quarter of 2017 compared to the same period last year buoyed by a five percent increase in visitors from mainland Africa, the Zimbabwe Tourism Authority has… Read More
HARARE, July 6 (The Source) – Hospitality and retail group Meikles Limited says that the United Arab Emirates investor, Albwardy Investments, has withdrawn its bid to acquire its business. Meikles, which is dually listed on the Zimbabwe Stock Exchange and the London bourse, received a… Read More
HARARE, June 26 (The Source) – Zimbabwe Parks and Wildlife Management Authority (Zimparks) is planning to upgrade facilities and install artificial lighting in the famed Victoria Falls Rainforest, which it is considering opening round the clock to attract more tourists.
VICTORIA FALLS, June 20 (The Source) – Zimbabwe has signed a comprehensive agreement with unnamed Chinese investors for the construction of its ‘Disneyland in Africa’, a tourism and conference theme park in the resort town of Victoria Falls, the tourism minister said on Wednesday.
VICTORIA FALLS, June 20 (The Source) – South Africa’s privately owned Airlink will launch its maiden direct flight between Johannesburg and Victoria Falls on July 2, aviation officials said on Tuesday. It will be the third airline flying into Victoria Falls following the $150 million… Read More
BULAWAYO, June 9 (The Source) – Zimbabwe’s tourism fair, Hlanganani/Sanganai Travel Expo has boosted tourist arrivals by 700,000 since its launch 10 years ago according to the Zimbabwe Tourism Authority (ZTA) chief executive officer, Karikoga Kaseke. By comparison, Malaysia which launched its ‘Malaysia Truly Asia’… Read More
HARARE, June 6 (The Source) – Zimbabwe received 2,1 million tourists in 2016, up from 2,06 million in the previous year and earned the country $890 million, latest statistics released by the Zimbabwe Tourism Authority show. However, over 40 percent of tourists interviewed in the… Read More
HARARE, June 2 (The Source) – Hospitality and retail group Meikles Limited’s topline grew one percent to $457,6 million in the full year to March, driven by an impressive performance of its retail unit as revenues from other segments plummeted. TM/Pick n Pay Supermarkets contributed… Read More