First Mutual Holdings Group Chief Executive Officer, Douglas Hoto has appointed Rainbow Tourism Group chairman.
This was announced by the company’s secretary, Tapiwa Mari in a notice this week.
“The board of directors of Rainbow Tourism Group Limited is pleased to announce the appointment Mr. Douglas Hoto as the chairman of the board with effect from 22 July 2022,” Mari said in the statement.
Hoto is an actuary and a business executive with a wealth of expertise and experience spanning over 20 years.
“Mr. Hoto is an accomplished business leader and currently holds the reigns at First Mutual Holdings Limited as Group Chief Executive Officer. He holds a Bachelor of Science Honours degree in Mathematics and is a qualified actuary with more than 23 years of experience. He is a fellow of the Institute and Faculty of Actuaries of the United Kingdom and is also a fellow of the Actuarial Society of South Africa,” said Mari.
Apart from being a director in other companies, Hoto is also involved in many other initiatives.
“In addition to his many directorships, Mr. Hoto is involved in community transformation initiatives focusing on education. He works closely with national development organisations and is the past chairman of the Zimbabwe National Statistics Agency (ZIMSTAT),” Mari said.
Hoto replaces suspended lawyer and National Social Security Authority (NSSA) General Manager, Arthur Manase. The latter was sent on forced leave by his employer this month to pave way for corruption and corporate malpractice investigations. With a 67 percent stake in RTG, NSSA is the biggest shareholder in the hospitality group.
RTG is one of the major players in the local business events industry. It manages the following hotels: the Rainbow Towers Hotel & Conference Centre and the New Ambassador Hotel in Harare, the Kadoma Hotel & Conference Centre, and the Bulawayo Rainbow Hotel. These provide accommodation and events venues, with the Rainbow Towers Hotel and Conference Centre being the flagship brand with a 4 500 auditorium, 19 meeting rooms, indoor and outdoor exhibition space and team building facilities under the Heritage Expeditions Africa Adventure Park brand.
The Bulawayo Rainbow Hotel has eight meeting rooms with the capacity to seat 20 to 600 people depending on the nature and format of the event while the Kadoma Hotel and Conference Centre boasts eight function rooms with a capacity to seat up to 460 people. The hotel has exhibition space totalling 4 000m2.
