TPS Eastern Africa Cuts Net Losses to KSh 632.5M
TPS Eastern Africa Plc has reduced its net losses by more than half to KSh 632.9 Million at the end of 31st December 2021, compared to a net loss of [...]
Fairmont Norfolk Hotel Reopens after Two-Year Hiatus
The Fairmont Norfolk hotel has reopened its doors to the public after remaining closed for two years. Fairmont closed its Norfolk and Mara Safari Club hotels and fired all the [...]
Radisson Blu Hotel Reopens its Doors
Radisson Blu, a global hotel brand, has announced its Upper Hill Hotel establishment's reopening on May 9th, 2022, in Nairobi. The hotel, which is located in the middle of the [...]Boost for Tourism as Bali Eases Quarantine Measures
Bali has removed mandatory quarantine for vaccinated tourists from more than 20 countries and reintroduced visas as it reopens after two years of COVID-19 restrictions. This took effect on March [...]Tourism Boost as Australia Set to Reopen its Borders after 2 Years
Australia has announced plans to reopen its borders to vaccinated tourists with effect from 21st February 2022, ending a two-year-long pandemic travel restriction. The country's borders slammed shut in March [...]Hotel Bookings in Kenya hit by Concerns over Omicron Variant
Hotel forward bookings in Kenya have remained low, relative to the total bed capacity for the period between January to April 2022. According to the Monetary Policy Committee Hotels Survey [...]Tourist Arrivals in Kenya Grows by 53.29% in 2021
Tourist arrivals in Kenya registered a 53.29 % growth in 2021, at 870,465 compared to 567,848 in 2020 according to data released by the Tourism ResearchInstitute. This performance was undermined [...]Serena Hotels Posts KSh557.3 Million Loss in H1 2021
TPS Eastern Africa, which operates Serena Hotels, has reported a KSh557.3 million loss after tax for H1 2021, reducing the KSh640.9 million loss reported for the same period last year. [...]Tourist Arrivals in Kenya hit 305,635 between January-June 2021
Tourist arrivals in Kenya reached 305,635 between January and June 2021, more than the total yearly arrivals recorded last year, a sign that the industry is on a solid rebound. [...]CMA and KEPSA Sign Deal to enable SMEs Access Capital
The Capital Markets Authority (CMA) inked a partnership with the Kenya Private Sector Alliance (KEPSA) to allow small and medium-sized enterprises to access capital market products. This will hence [...]TPS Eastern Africa to Offer 200 Million New Ordinary Shares in Rights Issue
TPS Eastern Africa, the owner of Serena Hotels plans to issue 200 million new ordinary shares through a rights issue after its shareholders passed a special resolution during the company's [...]
New KSh1 Billion Mombasa Cruise Ship Terminal Complete
The new KSh1 billion cruise ship terminal in Mombasa county has been completed, shining prospects on the tourism sector having a major boost. According to Vincent Sidai, Kenya Ports Authority [...]
