Market News
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Kenya increases food import.
Posted on :Thursday , 28th June 2018
During the first four months Kenya’s food imports grew by 30.10 percent, as compared to last year during this quarter. The data as provided by Central Bank of Kenya indicates that during the same period the import bill for Jan-Apr 2018 was Sh68.63 billion, while in the year 2017 it was Sh52.75 billion. This show that the country’s food imports has increased, reflecting the dep. . .
Swiss Belhotel to Make Tanzania Debut Next Year
Posted on :Thursday , 3rd May 2018
The Swiss-Belhotel has joined hands with the Arabian Travel Market (ATM) from Dubai and also the Zanzibar Crown Hotel and Resort to take over managerial control of the Swiss-Belresort Zanzibar. The project is expected to be open for business in 2019. This will be the group’s first project in Tanzania and in the East African re. . .
UAE's Rotana Group Expanding into Tanzania
Posted on :Wednesday , 18th April 2018
Renowned UAE based hotel group, Rotana Hotel Management Corporation is preparing to venture into the hospitality markets in Tanzania with a brand new hotel located in Dar-es-Salaam. This project is highly anticipated; it is expected to be a 30 floor construction and will be located in the commercial hub of Tanzania, Dar-es-Salaam.
Hyatt and Hilton to Increase Scale of Operation in Africa as Industry Booms
Posted on :Saturday , 6th January 2018
Two of the world’s elite multinational hospitality companies, the Hilton Worldwide Holdings and Hyatt Hotels & Resorts have announced their plans to expand their operations across the African continent. Hilton has devised a plan that will see them invest $50m in a five-year period and add 100 hotels. . .
Youth in Agribusiness the Focus of EU-Africa Business Forum
Posted on :Wednesday , 29th November 2017
The sixth EU-Africa Business Forum took place in Abidjan, Côte d'Ivoire on Monday. "Investing in Job Creation for Youth", was the focal topic at the occasion this year.
African Development Bank Group President Akinwumi Adesina took part at the event and spoke extensively at a high level forum at the occasion. He called for a new thinking . . .Please Select an Option
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