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Hotel Groups Hilton and Marriot Announce African Expansion Plans
Rising business and leisure travel on the continent has made it increasingly attractive for multinational companies and Hilton said on Wednesday that it plans to more than triple its African portfolio to more than 160 hotels.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Afreximbank, BOI Sign $75 Million Financing Support for Local Manufacturers in Nigerian Healthcare Sector
"World-class facility aims to reverse Nigeria’s $1bn+ annual medical tourism outflow while establishing Africa as global healthcare destination"
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Kenya’s Youth Dominate Tourism Workforce at 70%, Surpassing Global Average
Miano emphasized that the Ministry of Tourism is rolling out initiatives focused on skills development, entrepreneurship, and deeper inclusion of youth in the tourism economy.
- Categories
- Education
- Region
- Sub-Saharan Africa
- Tags
- employment, innovation, tourism, youth
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Kenyan Tourism-Focused Venture Studio Purple Elephant Ventures Tops up Seed Round to $5 Million
"The goal is to lead Africa’s tourism industry towards a greener future, with PEV startups typically scalable, tech-first solutions that supercharge urgent efforts to make Africa’s tourism industry more resilient and more sustainable in the face of climate change. "
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- climate change, tourism
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CIF Allocates $143 Million to Restore Forests and Boost Climate Resilience in Brazil, Kenya, and Zambezi Region
$143M CIF funding expected to unlock $1B in co-financing, driving private sector investment in nature-based solutions.
- Categories
- Environment
- Region
- Global
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Netflix to Invest $1 Billion in Mexico Over Next 4 Years
Sheinbaum said the investments in the film industry should produce many jobs beyond immediate production needs, such as hospitality for actors and crew members, fashion designers and also spur tourism.
- Categories
- Technology
- Region
- Latin America
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Prosus Acquires Latin American Online Travel Platform Despegar for $1.7 Billion
Prosus stated that this acquisition will help sustain its growth in Latin America and, by integrating Despegar's resources, further enhance its competitiveness in the global travel industry.
- Categories
- Technology
- Region
- Latin America
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BPR Bank, Denmark Launch $5.6 Million Credit Guarantee to Support MSMEs
This innovative scheme, the first of its kind by IFU in Africa, targets critical sectors.
- Categories
- Agriculture, Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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