NIGERIA - Notwithstanding the decrease of eight percent earnings, Transcorp Hotels recorded N5.5billion profit before tax in its operations last year, against N4.6 billion achieved in 2014, even as its teeming shareholders smiled home with a dividend of 40 kobo per share.
KENYA - Electronics distribution firm Mitsumi has diversified its business with the opening of a mid-level hotel in Westlands in which it invested about Sh2.5 billion.
RWANDA - Hôtel des Mille Collines has severed ties with European luxury hotel operator, Kempinski Hotels, within less than two years of signing a management agreement to operate the Kigali-based hotel.
TOGO - The dates of the Africa Hotel Investment Forum (AHIF) in Togo have been changed and it will now take place on June 21 and 22 2016.
RWANDA - The number of international hotel groups in the country has grown further this week following the entrance of Swiss International Hotels.
ZIMBABWE - Listed Barclays Bank of Zimbabwe (Barclays) is set to dispose its 50 percent stake in tourism concern Makasa Sun (Pvt) Ltd (Makasa) for $14,6 million.
KENYA - Tourism Cabinet Secretary Najib Balala has replaced Kenya Tourism Board (KTB) chief executive Muriithi Ndegwa with a senior marketing executive in a move marking the start of management changes at the ministry’s parastatals.
TANZANIA - The Higher Education Students’ Loans Board (HESLB) has become the latest public institution to feel the weight of the fifth phase government’s ongoing crackdown against grand corruption in the country.
ZIMBABWE - The 2015 figures shot to 2 056 588 compared to 1 880 028 for 2014, driven by visitors from the American region, an official has said.