Turkey’s Doğuş Group announce plans to set up luxury hotels in Rwanda

RWANDA -Doğuş Group, a Turkish company, has announced plans to investing in Rwanda’s hospitality sector by setting up at least three luxury resort hotels. This was announced by Ferit Şahenk, the group chairman, following his meeting with Prime Minister Edouard Ngirente which was held in Kigali. According to him, they plan to construct high-end luxury hotels and restaurants in Kigali…

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HotelOnline acquires hotel software provider HotelPlus

KENYA – HotelOnline, a Kenya-based revenue management company, has acquired HotelPlus, a provider of hotel software to 2,200 clients in East Africa, the companies said. The full terms of the deal were not disclosed, but the transaction mainly takes the form of shares, according to Håvar Bauck, one of HotelOnline’s two founders. Eric Muliro, who founded HotelPlus in Kenya in…

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French company Canal+ increases its stake in pay-television operator Multichoice

SOUTH AFRICA – The French entertainment giant Canal+, which has steadily been buying shares in MultiChoice Group since 2020, has significantly increased its stake in the South African-headquartered pay-television operator to 26.26%. From around 6% in 2020, Canal+ built its stake to 15% by September last year. It reached 18.4% in mid-June, and 20.1% in by July this year. “MultiChoice…

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Crypto gaming platform Metaverse Magna secures US$3m seed funding round

NIGERIA – Metaverse Magna (MVM), a crypto gaming platform, has secured a US$3.2 million seed funding round for the expansion of the WEMIX ecosystem in Africa. Investors such as South Korean video game developer Wemade, Japan-based blockchain-focused venture capital firm Gumi Cryptos Capital (GCC), HashKey, Tess Ventures, LD Capital, Taureon, AFF, Polygon Studios, Casper Johansen (Spartan), and IndiGG all participated…

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Hospitality company Four Seasons expands in Egypt with additional luxury hotel and residential projects

EGYPT – Four Seasons Hotels and Resorts, a luxury hospitality company, in partnership with real estate development corporation Talaat Moustafa Group (TMG), have announced plans for an extensive portfolio expansion in Egypt with the addition of new hotels, residential offerings and significant property enhancements. Four Seasons Hotel and Private Residences New Cairo Capital at Madinaty and Four Seasons Hotel Luxor…

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Hotel management company Aleph Hospitality to manage Kertel Suites

DRC – Aleph Hospitality, a Dubai-based independent hotel management company, has signed a management contract with Congo-based Sokerico Group to operate Kertel Suites in Kinshasa. The boutique property, which is currently under development, is set to open in Q1 2023, and on opening the hotel will set a new benchmark for the hospitality sector in Kinshasa with its all-suites accommodations…

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Tourism tech startup Tripesa secures pre-seed round for its continental expansion 

UGANDA – Tourism-tech startup, Tripesa has raised a pre-seed round of funding as it seeks product-market fit ahead of continental expansion.  The startup has been mostly bootstrapped, though Eric Osiakwan, an angel investor. In June, the startup secured an undisclosed amount of pre-seed funding from Future Africa, Consonance Investment Managers and LTNT Investments.   Founded by David Gonahasa alongside Thomas Karugaba…

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Radisson Hotel Group continues with its Africa’s expansion spree in first half of 2022

AFRICA – Radisson Hotel Group, a multi-national hospitality company, has continued its ambitious African growth strategy in the first half of 2022 and confirmed more than eight hotel openings and market entries with over 1,000 rooms across the region. At the start of 2022, the Group set out plans to add more than a dozen hotels across the continent and…

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Kasada Hospitality Fund acquires Kenya’s Crowne Plaza Hotel

KENYA – Kasada Hospitality Fund, which is backed by the Qatar Investment Authority (QIA) — the country’s sovereign wealth fund—has fully acquired Crowne Plaza Hotel for an estimated KSh4.6 billion (US$38.77m) from tycoon Nazir Ahmed Akbarali. The deal, which has received regulatory approval, adds to Kasada’s asset acquisitions on the continent after snapping hotels in Rwanda, South Africa, Senegal, Cameroon…

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Hotel management company Rotana launches its services in Egypt

EGYPT – Rotana, a hotel management company, has announced the signing of the management agreement for the Luxor Rotana. This luxury five-star resort in Egypt’s historic city is set to open in Q4 2023 catering to business and leisure travellers. Located in the heart of the world’s greatest open-air museum, this stunning new property will be in close proximity to…

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