Browsing: hospitality

• The hospitality sector has been challenged to adopt innovative tech-based solutions to grow and survive the adverse impact of Covid-19
• Pesapal Executive Director Agosta Liko said the travel and hospitality sectors should embrace and adopt agile technology as part of their recovery plans
• Sarova Hotel Group Revenue Manager Felix Musa said that the hospitality industry is no exception

The hospitality sector has been challenged to adopt innovative tech-based solutions to grow and survive the adverse impact of Covid-19.

Speaking during a stakeholder engagement session hosted by Pesapal, a payment solutions provider with operations in Kenya and across East Africa, the hospitality industry was challenged to embrace technology as part of their growth plan and shake off the severe consequences of the pandemic.

In his remarks, Pesapal Executive Director Agosta Liko said the travel and hospitality sectors should embrace and adopt agile technology as part of their recovery plans.

Pesapal, he …

Following recent announcements from the government, Mozambique’s BNI (Banco Nacional de Investimentos) is about to launch two credit lines to assist the country’s SMEs to mitigate the effects of the COVID19 pandemic.

Small and medium companies represent the core of the country’s formal/ informal economy and have been heavily affected by the pandemic. The new credit lines are due to be officially announced by BNI this week and will address specifically SMEs, hospitality and education with an expected interest rate below the market rates.

Also Read: Legal pointers for Mozambique SMEs

The credit lines are meant to assist companies affected by COVID-19 in the entire country and are being financed by the government and the INSS. BNI expect the credit lines to address such issues as maintenance, restitution and the increase of jobs and household income as well as to provide some much breathing room cashflow in affected companies.

Although …