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 - 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.
NIGERIA - Thousands of workers employed by hotels and tourism firms across the Nigeria may lose their jobs following the worsening economic downturn, foreign exchange crisis and a sharp rise in the cost of power generation.
ZIMBABWE - Zimbabwe Stock Exchange-listed hotel group, African Sun Limited (ASL), says it has closed its loss-making Beitbridge Express Hotel to focus on other profitable ventures.
RWANDA - Rwanda’s push to become a top Meetings Incentives Conference and Exhibitions/Events (MICE) tourism destination in the region has got a boost after it was announced that the country will in October host the Aviation Development (AviaDev) Africa forum, a unique platform bringing together airlines, airports, hotels and hospitality investors.