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Swiss-Belhotel to open five hotels in Africa by 2021
June 18, 2018

Swiss-Belhotel International has chalked out an aggressive expansion strategy for Africa.

Making the announcement, Laurent A. Voivenel, senior vice president, operations and development for the Middle East, Africa and India for Swiss-Belhotel International, said: “Our goal is to have five hotels in Africa by 2021. We recently signed a management agreement with Zanzibar Crown Hotel and Resort Limited to operate the beautiful Swiss-Belresort Zanzibar that is expected to open for business in 2019. It will be among the few internationally branded resorts to operate in the island. In addition, we are in negotiation for some superb projects in various other parts of the continent.”

Talking about the huge potential Africa holds for the hospitality industry, Laurent stated: “Africa is an exciting market because it is still in its infancy and there is plenty of room for growth. The tourism industry has been strengthened by both domestic and inbound travellers. The increase in intra-Africa travel is of particular interest to the hospitality sector because at least four out of every 10 travellers in Africa are from within the region. There has also been significant growth in visitors from China and India. At the same time, we are seeing a shift from business"...


June 18, 2018

Members of the National Assembly were united Thursday in fighting off stiff opposition from the executive to allocate themselves Sh8.7 billion for road maintenance in all the 290 constituencies.

The amount is provided for under the road transport project of the Infrastructure department, which has been allocated Sh180 billion to finance its projects in the 2018/19 budget as National Treasury Henry Rotich"...

June 18, 2018

Delegates at the recently-concluded Africa Blue Economy Forum (ABEF 2018) have encouraged Africa’s 38 coastal nations to work with their landlocked neighbours to develop the continent’s oceanic economy.

The Forum, which kicked off for the first time in early June, attracted international experts to debate ways to harness Africa’s oceans, which form an integral part of the Blue Economy.

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June 18, 2018

The region's smartphone market showed some stability in the first quarter of 2018 in unit terms, while its value grew to exceed its previous first quarter peak result in the first quarter of 2015.

The total value of smartphone sales was $29.967 billion, and unit volume was 86.523 million.

'Overall mobile phone shipments"...

June 18, 2018

The U.S. Trade and Development Agency has awarded a grant to the City of Cape Town for a feasibility study to assess the viability of a natural gas distribution network in Cape Town and usage options for the gas.

The gas distribution network would take advantage of liquified natural gas (LNG) that will become available in the province after implementation of the LNG importation project being pursued"...

June 18, 2018

A large delegation of Algerian businessmen is slated to fly together with representatives of the Ministry of Industry and Mines on the 8th of July to the Saudi capital Riyadh to attend the “Day on Investment in Algeria” , an event organized by their Saudi counterparts, in accordance with the findings of last April’s joint Algerian-Saudi cooperation commission as the Saudi Arabian side is eyeing important deals with Algeria notably in the sectors of agriculture,"...

June 18, 2018

(AETOS Wire) -- Octapharma announced today that the European Medicines Agency (EMA) has approved an extension of marketing authorisation for its human cell line-derived recombinant factor VIII (rFVIII) product, Nuwiq®. New single dose vial strengths of 2500, 3000 and 4000 International Units (IU) will be available in Europe, in addition to the current strengths of 250, 500, 1000 and 2000 IU.

The"...