Investment | - Part 27

Cautious Optimism for Investors in Sub-Saharan Africa Hotel Sector

KIGALI (Capital Markets in Africa) – Investor sentiment for hotels in Sub-Saharan Africa remains positive despite economic headwinds in key markets, according to the latest JLL research (http://APO.af/4zhrDO) into the sector. The long-term outlook continues to be strong and is driven by positive economic, demographic and tourism trends, with all indicators pointing to continued hotel demand growth as the region’s economy and hotel sector continue to mature. Speaking at the Africa Hotel Investment Forum in Kigali,…

Marriott International Rapidly Expands its Footprint across Africa

Posted on by The Editorial Team

KIGALI (Capital Markets in Africa) – Marriott International continues its robust expansion across the African continent with news of brand-new signings of new properties in Cape Town, Nairobi, Cairo, and Mauritius. This announcement comes hot on the heels of Marriott’s recently completed acquisition of Starwood Hotels and Resorts, which has created the world’s largest hospitality. The transaction has increased Marriott’s distribution in Africa, thus affirming the company’s number one position across the continent. “The past…

The Development Bank of Southern Africa (DBSA) announces Financing of 21 Renewable Energy Projects

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The Development Bank of Southern Africa (DBSA) has financed 21 renewable energy projects since the launch of the Renewable Energy Independent Power Producer Procurement Programme (REIPP). This was revealed today at the annual SA Gas Options conference in Cape Town and follows the announcement of South Africa’s Gas to Power Project Information Memorandum (PIM). Ms Lucy Chege, General Manager for Energy Financing at the DBSA, said “The DBSA’s achievements in the…

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…

Anglo’s Top Shareholder Wants More South African Control

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Anglo American Plc’s biggest shareholder wants South African investors to follow its lead and increase their holdings in the century-old miner as it pushes for the creation of a domestic commodities “champion.” “Our role is to make Anglo more South African-owned and controlled,” Public Investment Corp. Chief Executive Officer Dan Matjila said in an interview on Tuesday in the capital, Pretoria. “We have been vocal and when the price was low we…

Tanzania gets $1.6 bln World Bank package to fund economic revival

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzania has secured $1.6 billion in loans and grants from the World Bank which it said it will use to help end chronic power shortages, rebuild its railways and develop its farming. East Africa’s second-biggest economy is revamping its power generation and hopes to use some of its estimated 57 trillion cubic feet of natural gas reserves to cut its reliance on oil-fired and hydro power plants….

« 1 … 25 26 27 28 29 … 48 »