Trending
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
Hospitality
- Luxury Tourism in East Africa has been on an upswing following the reopening of air travel.
- Marriott and Radisson Blu are leading the line in Investments in Luxury Tourism in East Africa.
- American hotel brand Marriott International is eyeing over 30 hotel openings in Africa by the close of 2024
East Africa has emerged as a magnet for luxury tourists seeking unforgettable experiences, as evidenced by the increasing investments in high-end travel and accommodation in the region.
This region, comprising countries Kenya, Tanzania, Uganda, Rwanda, and castelli gabba decathlon bmx castelli gabba custom maple leafs jersey custom maple leafs jersey adidas yeezy boost 350 turtle dove keyvone lee jersey asu football jersey sac eastpak dallas cowboys slippers mens jordan air force 1 nike air max 90 futura blundstone uomo sit top kayak fsu football jersey others, has witnessed a surge in high-end tourism from global hotel chains pumping investments in …
- Kentucky Fried Chicken, alias KFC, has suffered a potato shortage at its outlets in Kenya
- The company said there had been delays in the delivery of potatoes from its overseas suppliers, forcing the company to put alternative food items on the menu in place of the French fries
- These sentiments from the CEO on his reluctance to buy local potatoes got Kenyans angry
Fast-food restaurant chain Kentucky Fried Chicken, alias KFC, has suffered a potato shortage at its outlets in Kenya. There have been delays in the delivery of potatoes from its overseas suppliers, forcing the company to put alternative food items on the menu in place of the French fries.
The chief executive of KFC in East Africa, Jacques Theunissen, told Business Daily on January 3 that the shortage of fries, locally known as chips, has been caused by a mishap in the global supply of potatoes.
Jacques said …
- The region had drawn a number of important lessons from the pandemic especially in relation to the economic sectors that were hard hit such as tourism
- EAC citizens should be charged local rates while entering public tourist sites such as national parks and reserves that are distributed across the region
- EAC Partner States should also diversify their tourism products by developing other products
East African Community Partner States lost 92% of revenues in the tourism sector due to the COVID-19 pandemic, with arrivals to the region falling from 6.98 million arrivals before the pandemic to 2.25 million arrivals occasioning the losses.
EAC Secretary General Hon. (Dr.) Peter Mathuki however noted that the region was now open again for business, and urged EAC Partner States governments and other stakeholders to work together to market the region’s tourist attractions and products as part of efforts to ensure speedy recovery for the sector.…
Java’s strategic approach is building robust value chains which are essential for ensuring that they are capturing the full value of East African coffee. …
Kenya’s own leading casual dining chain, Big Square, has accomplished yet another milestone in its strategic expansion program, by officially opening its 12th outlet at Shell Service Station in Mountain View.
The new outlet, which cost Kes.45 million is part of the restaurant chain’s plan to bring an outlet closer to more of the people of Nairobi., The new branch occupies 4,000 sq. ft with a seating capacity of 150 customers.
Speaking on Big Square’s strategic expansion program and the launch of the new outlet, Sebastian McKinlay Managing Director, Interstrat Limited, Big Square’s parent company said: “An increasingly globalized environment and Kenya’s growing population and economy is fuelling demand for new retail formats that meet consumers preferences and aspirations. Based on these insights, we are deliberately forging partnerships such as this so that we realize our growth strategies at the same time creating memorable experiences for our customers through …
Swiss International Hotels & Resorts has signed a management contract with FEP Holdings Limited to operate its property in Sagana, Kenya, which will be named Swiss International Sagana Resort & Conference Centre.
The hotel is nearing its construction completion and is scheduled to open before the end of 2019. It is expected to create 150 direct jobs to Kenyans which in turn will benefit over 1,000 households.
READ ALSO:Swiss International Resort Mount Kenya gains global acclaim
Strategically located along the Nairobi-Nyeri Highway, the resort is expected to boost both leisure and conference tourism in the Mount Kenya circuit and the Kenyan tourism industry at large.
FEP Holdings started construction of the property in 2014 and put out an international tender in December 2018, to get the right partner to run the four star resort.
The Swiss international hospitality group is expected to run the facility on international standards with …
Kenya’s capital-Nairobi could soon have an oversupply of hotel rooms, latest trends have indicated, in the wake of heavy investments in the hospitality industry.
Whilst the inclination reflects investor confidence in the country as the city continues to attract high level conferences and investments by multinationals and locals, concerns are now that an oversupply will drawback returns in the industry as hotels scramble to fill rooms.
Average occupancy in the city’s high end hotels (three to five star) remains at 52 per cent, with the number of hotel rooms tripling in the last five years to more than 19,000.
A recent report by consultancy firm PricewaterhouseCoopers (PwC), estimates that the number of available rooms will increase to above 21,000 in the next two years.
READ:Kenya, Ethiopia whet the appetite of Hyatt Hotels for East Africa
This comes as investments in high end hotels continues to be driven by international …
Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million.
This is in line with a first announcement disclosed in July 2018 by Katara Hospitality and Accor who are respectively contributing USD 350 million and USD 150 million. In a region which offers robust growth opportunities, the fund will target both greenfield and brownfield projects.
The hospitality market is currently one of the most promising and yet underserviced sectors in Sub-Saharan Africa where growing economies and emerging middle class are creating high-growth markets that are left largely untapped.
The first platform of its kind in Sub-Saharan Africa, Kasada Capital Management intends to bridge the gap between the local hospitality market players and international investors.
The team is co-led by Olivier Granet (CEO and Managing Partner) a former CEO of AccorHotels Middle East …
How two Norwegians-turned Kenyans built a global traveltech success from five apartments in Syokimau
When Håvar Bauck landed in Kenya in 2002, the country was in chaos. The government of outgoing president Daniel Moi was preparing to exit the scene after 24 years in power. It was not clear who would become the next leader and despite great optimism of the future of the country, fear of instability was still evident.
“Kenya was experiencing a great moment of change. When Mwai Kibaki won the election, the country exploded in optimism. I was excited to see Kenya starting to realize its potential. The spirit of ‘yote yawezekana’ was contagious,” notes Bauck who was on a student exchange program through the Norwegian Peace Corps.
For Bauck, there began his great love for Kenya and an exciting journey for sixteen years that has pushed him to developing one of the biggest start-ups ever …
