RTG in massive refurbishments

Blessings Chidakwa in Kadoma Hospitality Group Rainbow Tourism has  spent $300 000 on refurbishing the 93 rooms at its Kadoma Hotel and Conference Centre. The hotel rooms are being spruced to meet regional and international market standards. In an interview the hotel’s General Manager Mrs Paula January said the renovations …

Read More »

Dubai property deals exceed $30 billion

Real estate transactions in Dubai for the first half of 2018 reached AED111 billion ($30,2 billion), according to the Dubai Land Department (DLD). According to a report issued by DLD’s Department of Real Estates Studies and Research, there were a total of 27 642 transactions in the first six months …

Read More »

Real Estate builds platform for API Summit

JOHANNESBURG. — Entrenched as the must attend and largest property gathering for senior African property investors, developers and decision makers, the 9th API Summit & Expo will be held on September 20-21, 2018 in Johannesburg, South Africa. This year’s summit promises to be the most robust and optimistic gathering in …

Read More »

Juru re-elected REIZ President

Property Reporter INTEGRATED Properties founder and managing director Mike Juru was re-elected the Real Estate Institute of Zimbabwe (REIZ) president at the association’s Winter School and annual general meeting, which ended in Victoria Falls on Sunday. He took over from Siza Masuka an Associate Partner at Knight Frank last year. …

Read More »

Mobile telcos’ revenue down 5,8pc

Enacy Mapakame Zimbabwe’s mobile telcos’ revenue for the first quarter of 2018 decreased by 5,8 percent to $244,7 million compared to $259,711 million recorded in the same period last year as consumers continue to opt for over-the-top (OTT) services that are relatively cheaper. According to figures from regulator, the Postal …

Read More »

DIDG to raise $100m

Africa Moyo Business Reporter THE Diaspora Infrastructure Development Group (DIDG), which recently won the $400 million tender to recapitalise and operate the National Railways of Zimbabwe (NRZ) together with Transnet of South Africa, plans to issue a prescribed asset note to raise funds which would be channelled towards revitalising the …

Read More »

Govt keen to support aviation sector

Africa Moyo Business Reporter Government says it is committed to supporting the aviation industry given its critical role in national development. This was said yesterday by the director of aviation and rail, Mr Allowance Sango during the launch of Proflight Zambia’s Harare-Lusaka route. Proflight Zambia landed at the Robert Gabriel …

Read More »

Quick wins for Zimbabwe to attract FDI inflows

The Zimbabwe Investment Authority (ZIA) has approved investment projects worth over $1 billion in the first quarter of 2018, with most interest being directed to the mining, manufacturing and energy sectors. By Victor Bhoroma This figure is significantly higher than the $150 million recorded in April 2017. Over 62 investment …

Read More »

Hotel occupancy up 47% Q1

ZIMBABWE’s hotel occupancy rate increased to 47% in the first quarter of the year, with industry officials attributing the trend to government’s stance on the ease of doing business across all sectors. BY MTHANDAZO NYONI In separate interviews with NewsDay, industry officials said government’s engagement with foreign investors had resulted …

Read More »

‘RBZ has failed in forex allocation’

ZIMBABWE Textile Manufacturers’ Association (Zitma) says local banks should handle the foreign currency allocation system as the central bank has failed to allocate forex to the industry and was now facing collapse. BY MTHANDAZO NYONI Zitma vice president Freedom Dube told NewsDay recently that the Reserve Bank of Zimbabwe’s failure …

Read More »