Business
Uganda among top hospitality investment destinations in the regionPublish Date: Mar 03, 2014
Uganda among top hospitality investment destinations in the region
  • mail
  • img
newvision

 Uganda and Ethiopia have overtaken Kenya as key investment destinations for global hotel chains scouting for opportunities in the region.

The two nations feature on the top five list, whose hotel sectors are expected to receive huge investments in sub-Saharan Africa, alongside Nigeria, Angola and Ghana, the Kenyan Standard has reported.

  A new report ranking countries according to the number of jobs that new investments in the hotel sector will create this year puts Nigeria as the hottest spot for investors in the hotel industry.

The survey by W Hospitality Group is based on the number of signed contracts by international and regional brands as well as smaller non-branded hoteliers.

 “Nigeria leads the way in sub-Saharan Africa with the creation of 53,000 jobs. It is followed by Ghana with 11,000 and Angola (9,000), Ethiopia (8,800) and Uganda with 8,500,” said W Hospitality Group Managing Director Trevor Ward.

 “In Sub Saharan Africa, growth is forecast to be a much faster 23 per cent.” “Where there are fewer people with hospitality industry experience, HPA anticipates three major trends; an influx of top management from abroad, a war for talented middle management and substantial investment in training programmes,” he said.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Bid documents for Kampala - Malaba standard gauge railway ready
Bid documents for the construction of the 238km Malaba - Kampala Standard Gauge Railway (Phase 1) have been approved by the contracts committee of the ministry of works....
Motorcycle owners appeal to URA over quack dealers
OWNERS and operators of motorcycles have appealed to Uganda Revenue Authority (URA) to protect them from unscrupulous dealers who are fleecing them...
Parliament told to speed up law on animal feeds
THE lack of a law that regulates and guides animal feed manufacturers is threatening the livestock sector in Uganda, according to a study conducted by the ministry of agriculture...
Lack of mentorship killing businesses
ABSENCE of mentoring programmes for businesses is the reason why many have failed to break even...
Shell says Q2 net profits triple to $5.307bn
Anglo-Dutch oil giant Royal Dutch Shell said Thursday that net profits more than tripled in the second quarter, boosted by asset sales and higher oil prices....
NTB reporting system to be commissioned today
Trade minister, Amelia Kyambadde will today commission the Non-Tariff Barriers (NTBs) Reporting System, a mobile phone and email-based system for reporting barriers to trade....
Is Uganda prepared to effectively tackle an Ebola Outbreak?
Yes
No
Can't Say
follow us
subscribe to our news letter