Agribusiness Boom Soon For Africa
It is no secret that Africa is on the rise and increasingly offering lucrative opportunities to local businesses due to the continent’s steady economic growth, increased disposable income and high consumer confidence.
Charles Brewer, Managing Director of DHL Express Sub-Saharan Africa says that one particular sector which has seen significant growth in Africa is agribusiness, which entails the full value chain from agricultural production/farming through secondary processing, distribution and retailing to the end user/consumer (farm-to-fork concept).
Africa Gets First Underwater Hotel
Divers, snorklers and Steve Zissou-types can immerse themselves in the unspoiled waters of a remote African island in an entirely new way, thanks to a Swedish design team.
Off the coast of Tanzania, The Manta Resort on Pemba Island has unveiled a new private accommodation with a bedroom four meters below the surface. So now travelers can sleep surrounded by sea creatures.
Kenyan hotel group sets its sights on domestic tourists
Kenyan hospitality group Sandalwood Hotels and Resorts is focusing on this growing market.
“The Kenyan middle class is pushing this market. They love holidays. They have time to play golf, go for spa weekends and spend time with family. The CEOs use conferencing time outside the city as a small getaway and extend their trip for a day or two to enjoy themselves,” says Leon Ndubai, the hotel group’s chairman.
Seeking investors for hotel and amusement park
Hexagon Network Ltd., which owns two hotels and an entertainment centre in Nigeria, plans to build a new hotel and an amusement park, at the cost of US$7.2-million and US$13.5-million respectively.
The company, which hopes to start work on the projects in the third quarter of 2013, welcomes negotiations with potential investors on the return on investment. A share of the profits with no restriction on repartition is included. The options of a management contract or exiting the partnership after five years are given. Individual investors, companies and financial lenders will be considered for this investment.
