Hilton and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc have signeda 20-year extension to the current agreement to manage the iconic Transcorp Hilton hotel in Abuja.
The hotel sector in Sub-Saharan Africa has evolved during the past decade due to high demand growth, entrance of new global brands and increasing supply in major markets.
Based on August 2017 data from STR, Africa currently shows 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11.0% of the continent’s existing room supply.
Protea Hotels by Marriott, part of Marriott International, Inc. has opened Protea Hotel by Marriott, Owerri Select in South-Eastern Nigeria, a development, which further consolidates its presence in the country.
FSDH Merchant Bank has announced that AFIG Funds, a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.
Africa is a place of real business opportunity that the world should be alive to. I know, having built businesses that now operate in 20 African countries and through creating a program over 10 years that is funding and mentoring 10,000 African entrepreneurs.
The African Export-Import Bank’s (Afreximbank) in today Lagos met with leading Nigerian investors to push for strong participation in the Bank’s $300 million equity offering, for which it is using depositary receipts backed by its Class “D” shares.
Hotel development activity in Africa is still rising in the face of the continent’s economic problems, showing a 13 per cent increase in 2017.
Following the success of the campaign to reward its customers last year, Zenith Bank Plc has returned with another *966# Eazybanking airtime giveaway for the Easter season.
Poised to attract foreign investors into the nation’s shipping sector, The Nigerian Maritime Administration and Safety Agency (NIMASA) has unveiled its plans to showcase the huge potential of the Nigerian maritime sector at the Norway Shipping holding later week this year.