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Top News

[Title]

Sub-Saharan Africa’s booming hotel industry

Recent hotel developments in Africa indicate a divergence in activity as international firms move into the continent.

17/04/2014 14:19:56

Latest News

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Last Updated: Thu, 17 Apr 2014 14:12:35 GMT

Latest Video

  • Thebe partners with Dubai investor to acquire Gourmet fresh

    Thebe partners with Dubai investor to acquire Gourmet fresh

    Thu, 17 Apr 2014 14:12:35 GMT

    Thebe Investment Corporation and Dubai based Mohebi Logistics have partnered to acquire an 80%-percent equity interest in Gourmet Fresh. To give more insight into the deal CNBC Africa is joined by Jerry Mabena, CEO of Thebe's Services Division and Mohamed Mohebi Chairman & CEO of Mohebi Investments.

  • Insight into the SASSA/Net 1 case

    Insight into the SASSA/Net 1 case

    Thu, 17 Apr 2014 14:03:59 GMT

    The Constitutional Court has ruled that a new tender process must be conducted in the social grant case involving Net 1 UEPS and Absa. The current contract-holder, Cash Paymaster Services, owned by Net 1 has been ordered to continue to carry out its obligations. The court suspended its declaration of the contract as invalid in order for CPS to continue with payments. Joining CNBC Africa to discuss this is Virginia Petersen, CEO of the SA Social Security Agency.

  • Uganda's Central Bank intervenes to curb the shilling

    Uganda's Central Bank intervenes to curb the shilling

    Thu, 17 Apr 2014 14:00:42 GMT

    Tight liquidity in Uganda's money market has helped the local currency to gain some ground against the dollar, but is expected to weaken on corporate greenback demand in the coming week. Shahzad, Kamal, a forex trader with Crane Bank joins CNBC Africa for more.

  • Equity Bank shows some impressive earnings

    Equity Bank shows some impressive earnings

    Thu, 17 Apr 2014 13:59:08 GMT

    Kenya's Equity Bank rose 1.6% to 32.75 shillings, the biggest jump seen in Thursday's the session and only equal to NIC bank, after it announced a 21% increase on profit after tax to 3.9 billion shillings. The country's biggest bank saw its costs drop by 130 basis points to 48.7% while its loan loss provision dropped by 54% to 316.5 million shillings. CNBC Africa is joined by Daniel Kuyoh, research analyst at Kingdom Securities for more.

  • Insight into the SASSA/Net 1 case

    Insight into the SASSA/Net 1 case

    Thu, 17 Apr 2014 14:03:59 GMT

    The Constitutional Court has ruled that a new tender process must be conducted in the social grant case involving Net 1 UEPS and Absa. The current contract-holder, Cash Paymaster Services, owned by Net 1 has been ordered to continue to carry out its obligations. The court suspended its declaration of the contract as invalid in order for CPS to continue with payments. Joining CNBC Africa to discuss this is Virginia Petersen, CEO of the SA Social Security Agency.

  • Adcorp: S.African economy shed 48,066 jobs during march

    Adcorp: S.African economy shed 48,066 jobs during march

    Thu, 17 Apr 2014 10:11:09 GMT

    According to the Adcorp Employment Index, the economy shed just above fourty-eight-thousand jobs during March. Loane Sharp, Labour Economist at Adcorp joins CNBC Africa for more.

  • Cape Town city's broadband achieves major milestone

    Cape Town city's broadband achieves major milestone

    Thu, 17 Apr 2014 10:02:32 GMT

    The city of Cape Town is pleased to announce the signing of eight third-party service provider agreements, which is a major step in the City of Cape Town's Universal Broadband Network strategy, joining CNBC Africa for more is Cape Town's Director of Information Technology and Communications, Andre Stelzner.

  • Concourt to rule on grant tender today

    Concourt to rule on grant tender today

    Thu, 17 Apr 2014 09:50:13 GMT

    The Constitutional Court has ruled that a new tender process must be conducted in the grant case involving Net 1 UEPS and Absa. Anthony Norton from Nortons joins CNBC Africa for more.

  • Risk assessment for Nigeria's property insurance sector

    Risk assessment for Nigeria's property insurance sector

    Thu, 17 Apr 2014 13:21:45 GMT

    The country risk for Nigeria's property/casualty insurance sector is high. This is according to a report recently released by Standard& Poors. S&P believes growth prospects are neutral because the country barely maintains pace with real economic growth. Neil Gosrani Associate Director at Standard & Poors joins CNBC Africa to unpack the report.

  • Impact of Abuja bomb on presidential elections

    Impact of Abuja bomb on presidential elections

    Thu, 17 Apr 2014 10:45:32 GMT

    On Monday Nigeria's federal capital territory, Abuja was rocked by an enormous bomb blast killing over 70 civilians. The continued threat of terrorist attacks in the region has left investors, wary but not ready to pull out of Africa's largest economy just yet. Joining CNBC Africa for a look at the impact and the threat of future attacks could have on the forth coming presidential elections is Philippe de Pontet, the Director for Africa at the Eurasia Group.

  • Eko Hotel & Suites expand in Lagos

    Eko Hotel & Suites expand in Lagos

    Thu, 17 Apr 2014 10:45:32 GMT

    Eko Hotel & Suites added a new 5 star Hotel, the Eko Signature to its portfolio. CNBC Africa's team were at the launch.

  • Eko hotel settles in Nigeria

    Eko hotel settles in Nigeria

    Thu, 17 Apr 2014 10:41:18 GMT

    Joining CNBC Africa for more on the Eko Signature and Nigeria's hospitality industry as a whole is Ghassan Faddoul, the Managing Director of Eko Hotel Limited.

  • TPS Serena plans to diversify into emerging markets

    TPS Serena plans to diversify into emerging markets

    Wed, 16 Apr 2014 14:15:00 GMT

    TPS Eastern Africa better known as Serena plans to diversify into emerging markets including China amid a host of challenges that have impacted on its Kenyan business. CNBC Africa's Claire Muthinji spoke to Mahmud Jan Mohamed, Managing Director of the group of hotels for more.

  • Investing in East & Southern African development

    Investing in East & Southern African development

    Mon, 14 Apr 2014 13:45:02 GMT

    Investors believe that it's an exciting time to work in development in East and Southern Africa. Several economies in East and Southern Africa are registering yearly GDP growth in excess of 7 percent; the middle classes are developing at unprecedented rates, creating demand for raw and processed agricultural products. CNBC Africa spoke to Abla Benhammouche, Country Director & Representative for the International Fund for Agricultural Development, East and Southern Africa.

  • What is holding back Kenya's film industry?

    What is holding back Kenya's film industry?

    Fri, 11 Apr 2014 13:49:32 GMT

    The Kenyan film industry is said to be worth 8.6 billion shillings, far below its said potential of 40 billion shillings. So what is holding back Kenya's film industry, which has provided a backdrop for many Hollywood movies? Award winning film producer Dorothy Ghettuba CEO, Spielworks Media joins CNBC Africa for more.

  • How does Hollywood tell Africa's story?

    How does Hollywood tell Africa's story?

    Fri, 11 Apr 2014 13:44:46 GMT

    Hotel Rwanda, the film that immortalised the 1994 genocide that left nearly one million Rwandeses dead has faced sharp criticism from survivors who claim it misrepresents the facts. This begs the question. How does Hollywood tell Africa's story. To answer that Michael Onyango, Kenya Film Commission, Board Member joins CNBC Africa for more.