RAINBOW Tourism Group (RTG) is stepping up its sustainability efforts across its expanding hospitality portfolio, with its recently acquired Montclair Resort & Conference Hotel emerging as a showcase for the group’s growing focus on resource efficiency, recycling and farm-to-table food production. The sustainability push comes as RTG is doing a US$2 million refurbishment of Montclair…
News Editor SHARES in Invictus Energy have rallied following the signing of a long-awaited petroleum production sharing agreement (PPSA) with the government of Zimbabwe. Overall, the market response, however, suggests investors remain focused on the project’s next operational milestones. The Australian-listed company announced on May 27, 2026, that it had signed the PPSA for its…
News Editor RAINBOW Tourism Group (RTG)’s expansion drive is showing its next phase in action, with the refurbishment of the recently acquired Montclair Resort & Conference Hotel in Nyanga now entering its final stretch ahead of completion next month. The US$2 million investment is a demonstration of RTG’s broader growth strategy, which has seen the…
News Editor ZIMBABWE’S long-awaited move to regulate the virtual asset sector has been broadly welcomed by industry experts, who say the new framework provides much-needed legal certainty while aligning the country with global anti-money laundering standards. The government gazetted the Money Laundering and Proceeds of Crime (Virtual Asset Service Providers Registration) Regulations, 2026, under Statutory…
ZIMBABWE’S recurring trade deficits are rooted in a structural mismatch at the heart of the economy, analysts say. That reality has left Zimbabwe with a cumulative trade deficit of more than US$20 billion since the 2009 currency reset, despite occasional periods of surplus. A rare run of monthly surpluses recorded earlier this year have already…
THE ZiG will continue to face a challenging path to its wider use in the economy until authorities are able to prove its long-term viability amid lingering market scepticism, many experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts observed…
LOW tax compliance in the country is depriving the fiscus of billions of US dollars every year, hampering economic growth and weakening the government’s ability to provide key public services, experts say. Speaking in Harare last week, at the annual tax review meeting, which is organised by The Financial Gazette — the country’s number one…
CONTINUING delistings from the Zimbabwe Stock Exchange (ZSE) by blue-chip companies aren’t good news and signal deeper structural weaknesses in the country’s capital markets, analysts say. This comes after telecoms giant, Econet Wireless, became the latest top firm to make decisive moves to exit the ZSE. Counters such as Padenga, Innscor, Simbisa, Axia, FCB and…
MUTAPA Investment Fund (MIF) is expected to carry out “more enhanced disclosures of its operations by publishing financials of all its investee companies”, as part of measures to improve governance…
THERE is an urgent need for a strategic partnership between the country’s formal businesses and the informal sector. So says the chief executive of Old Mutual Zimbabwe, Samuel Matsekete, who…
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