The Editorial Team |

Carlson Rezidor on Track to achieve More than 23,000 Rooms in Africa

KIGALI (Capital Markets in Africa) – An accelerated African growth strategy for Carlson Rezidor, one of the world’s largest hotel groups, is on track to achieve its target of more than 23,000 rooms open or under development in Africa by the end of 2020. Rezidor’s President and CEO, Wolfgang M. Neumann, who is a speaker at the Africa Hotel Investment Conference in Kigali, Rwanda, says the hotel group launched its accelerated African growth strategy in…

IFC close to $2.7 bln debt refinancing for Mozambique’s Nacala railway

Posted on by The Editorial Team

CAPE TOWN (Capital Markets in Africa) – The International Finance Corporation, part of the World Bank, expects to close a $2.7 billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday. The refinancing could help to ease balance sheet pressure on Brazilian miner Vale which is developing the railway and a coal mine in the region. “The plan is to close by the end of…

Hilton Expands Presence in Nigeria with Signing of Hilton Lagos Airport

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Hilton (www.HiltonWorldwide.com) has announced the signing of a management agreement with Quality Inspection & Testing Services Limited to open a 350 guest-room and suite hotel at Lagos’ Murtala Muhammed International Airport, Nigeria. The hotel, which was signed at AHIF 2016 in Rwanda, is set to open in 2023 and joins Hilton’s growing African portfolio of more than 80 properties trading or in the development pipeline, which will see Hilton…

Best Western Continues Impressive Expansion into East Africa

Posted on by The Editorial Team

KIGALI (Capital Markets in Africa) – Best Western® Hotels & Resorts adds another hotel to its East African portfolio. The newest addition is BW Premier Collection The Alba, located in Nairobi, Kenya. Centrally located, with easy access to businesses, offices, banks, shopping and tourist attractions, it is the ideal place to stay in Nairobi for either business or pleasure. The new construction property, set to open in Q3 2017, features 83 carefully designed rooms all…

INTO AFRICA October Edition: Banking in Africa: The current status

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Welcome to the October edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. In this edition, we have a special focus on the Banking Sector in Africa, with an overview of the current trends and opportunities in the Sector. Please download by clicking: INTO AFRICA PUBLICATION: OCTOBER EDITION. The banking sectors in African countries have been on an upward path for nearly a decade posting record growth rates while at the…

Zuma Complains About Criticism From AngloGold, Sibanye Leaders

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma’s office said it’s concerned by the “relentless public attacks” on him by leaders of Sibanye Gold Ltd. and AngloGold Ashanti Ltd. The presidency issued the statement after recent calls by AngloGold Ashanti Chairman Sipho Pityana and Sibanye Chief Executive Officer Neal Froneman urging Zuma to resign, arguing that his government’s poor record is deterring investment and economic growth. While Zuma respects freedom of speech, “such dialogue is more helpful…

Zuma Urged to Intervene in Gordhan Police Probe by ANC Leader

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma must intervene in the police investigation of Finance Minister Pravin Gordhan because it’s heightening chances that the nation’s credit rating will be downgraded to junk, said the Johannesburg chairman of the ruling party, Parks Tau. “The issues around the finance minister require urgent intervention because the single most important task right now is to ensure that all of us as South Africans protect the economy of this country,” Tau,…

« 1 … 807 808 809 810 811 … 1,077 »