Tag: Africa tourism investment

President João Lourenço approved the spending to support tourism zones in Cabo Ledo, Quicombo and Namibe
BusinessTourism

Angola backs $530 million tourism infrastructure push

Angola is moving to unlock its beach and coastal tourism market with a €449 million ($530 million) public investment package aimed at building basic infrastructure in some of the country’s most visited seaside areas.  President João Lourenço approved the spending to support tourism zones in Cabo Ledo, Quicombo and Namibe, part of a broader effort to reduce the economy’s dependence…

Oluwatosin Alao Oluwatosin Alao
Marriott Hotel
LuxuryTourism

Why institutional investors are backing African resorts

Strong tourism recovery and higher yields are pushing institutional capital into African resort assets.

Timilehin Adejumobi Timilehin Adejumobi