The 2019 African Space Industry Annual Report explains that the industry has already reached over USD 7 billion of annual revenues and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024.
Ride-hailing platform Bolt is set to launch its operations in 3 major urban centers in Kenya, setting the stage for a continued push to expand its market footprint within the country.
Though Africa remains a market where hotel real estate investment is typically dominated by development, increasing transactional activity is providing much needed liquidity.
Visa, a leader in digital payments, has collaborated with KCB Bank Kenya and the Boda Boda Safety Association of Kenya (BAK) to digitize payments for the motorcycle transport operators.
ExecuJet, part of the Luxaviation Group, has announced the addition of Discovery Safaris as a new partner for the company’s ExecuJet Tours & Safaris service.
Bolt, the on-demand transportation platform that operates in 12 South African cities, has launched Bolt for Business, allowing companies of all sizes to manage and pay for corporate trips via a single, easy-to-use portal.
Africa’s leading hospitality group Tsogo Sun Hotels has become the second company to list on the Johannesburg Stock Exchange (JSE)’s main board this year.
Travelstart continues its growth trajectory in Africa in terms of a deal to wholly acquire the Club Travel Group.
Marriott International, Inc. has announced the opening of its second Four Points by Sheraton hotel in Tanzania, Four Points by Sheraton Dar es Salaam, New Africa Hotel.
A new generation of climbers are conquering their own mountains from urban walls to Mount Kenya’s snowy peaks.
Ethiopian Airlines has finalized preparations to launch thrice weekly flight to John F. Kennedy (JFK) Airport in New York via Abidjan.
Blessed with sweeping stretches of sand and an enchanting river ecosystem that some 560 bird species call home, The Gambia is a bourgeoning tourist destination on Africa’s west coast.
Travelstart, Africa’s online travel company has announced a new partnership with global private markets investment firm HarbourVest, with $58 billion under asset management.
Safaricom has partnered with BuuPass to launch an online service where travelers in the country can book and purchase bus tickets.
Hilton has announced the signing of a management agreement with Growthpoint Properties, South Africa’s largest REIT, to open a hotel under its lifestyle Canopy by Hilton brand.
Gokada, the Lagos-based on-demand motorcycle taxi app, has secured a Series A fundraise of $5.3 million.
An office of the World Bank will be opened in Luanda this September to finance private investments in the tourism sector.
Five hotels from 3 to 5 stars are expected to be built in the country in the next few years by the international hotel chain Radisson Hotel Group, its developer in Erwan Garnier has said.
The Kampala Capital City Authority (KCCA) has flagged off a new set of roads to two international firms to start construction work.
National Aviation Services (NAS), has announced a joint venture (JV) agreement with Linhas Aéreas de Moçambique (LAM), the Mozambique flag carrier, to provide management services of the Flamingo lounges in Mozambique.
The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11thannual survey by W Hospitality Group.
National Carrier, Kenya Airways is pleased to announce an additional daily direct service from Nairobi to Bujumbura, Burundi starting 8 May 2019.
In a move to improve the Madaraka Express passenger service, the Kenya Railways has announced the following changes that will take effect from June 1, 2019.
Ride-hailing platform SafeBoda has raised an undisclosed Series B round co-led by Allianz X, the digital investment unit of the Allianz Group, Go-Ventures, an arm of GO-JEK.
Travelers to Malindi have a reason to smile after National carrier Kenya Airways announced the resumption of flights to the idyllic Coastal town with four weekly flights starting 10th June 2019.
JLL has released its 2019 SA Hotel Investment Outlook report forecasting that R1.9 billion will be invested into new hotels, and around R6.9 billion in total over the next three years.
Hilton Garden Inn, Hilton’s globally recognized midscale hotel brand, is celebrating strong growth in Africa with four open properties and an additional 14 in the pipeline,
Ivorian Minister of Tourism Siandou Fofana has presented a strategy document aimed at making Côte d'Ivoire Africa's fifth biggest tourism destination from 2025 to the African Development Bank.
The International Monetary Fund (IMF) expects Egypt's exports to remain on an upward track, projecting a boom in the country's tourism sector, alongside an increase in natural gas discoveries.
Kasada Capital Management raises $500 million for new hospitality fund dedicated to Sub Saharan Africa
Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over $500 million.
South African Airways (SAA) advises customers that due to the closure of the main runway at the Chileka International Airport in Blantyre, Malawi from 24 April to 24 July 2019, the airline’s operations have been affected.
Hyatt Hotels Corporation has opened the first Hyatt hotel in Algeria, Hyatt Regency Algiers Airport.
Vivo Energy Uganda has officially handed over a Fuel and Lubricants Management System to its commercial customers Markh Investments in Ntinda and Q3 Holdings in Bweyogerere.
Kenya Airways has reached an agreement with Delta Airlines to activate its codeshare in the US and Canada.
[Kenya] UAE Ministry of Foreign Affairs and International Cooperation trains 100 women leaders in hospitality and tourism
The UAE Ministry of Foreign Affairs and International Cooperation and Kenyan Ministry of Tourism and Wildlife have sponsored 100 Kenyan women to qualifying them for the hospitality and tourism sector.
South African Airways (SAA) has increased its frequencies on nonstop flights between Washington, D.C.-Dulles International Airport and Accra’s Kotoka International Airport to five days weekly.
Marriott International has said it expects to add 19 new properties and more than 3,000 rooms to its Middle East and Africa portfolio in 2019.
South African Airways has launched additional 24 non-stop charter flights to the Maldives from April until October 2019.
The National Aviation Services (NAS), has partnered with Wanzl and ICT.aero to launch state-of-the-art electronic gates (E-gates) at its Pearl Lounge in the Marrakech Menara Airport departures area, Morocco.
Kenyan entrepreneur, David Kimani, is providing the unique service of vacations and holiday trips on credit - to be paid for at later dates - with his company, Vacay Holiday Deals.
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
The European Investment Bank, the long-term lending institution of the European Union, and Bank of Kigali have agreed their largest ever cooperation to support new business investment across Rwanda.
Club Travel Corporate, a division of the Thebe Tourism Group, has announced the appointment of Kananelo Makhetha as its new CEO.
South Africa’s startup FlexClub has closed a $1.2 million seed round led by CRE Venture Capital.
Twenty-seven South African companies will get an opportunity to explore trade and investment opportunities in Ghana when they participate in an Outward Trade and Investment Mission from 24-30 March 2019.
René Stegmann is a South African entrepreneur experienced in the Mobility, Research and Immigration industries, and is currently the Director of Relocation Africa.
Radisson Hotel Group has signed six new hotels in Egypt as part of a portfolio deal across a number of its brands.
[Cote d'Ivoire] Digital Afrique Telecom launches smart card, ticketing system for efficient transportation
Digital Afrique Telecom has announced the successful launch of a Smart Card and Ticketing system to enable Ivorian public transport users to board over 700 buses everyday through contactless cards.
Hospitality management company, Aleph Hospitality, today has signed a franchise agreement with Marriott International for the first Four Points by Sheraton hotel in Liberia.
Increase in tourism in the country due to the roll-out programme for eVisas in South Africa and the low valuation of Rand will drive South Africa car rental and leasing market.
“Continued economic growth in many African countries is driving greater interest in the continent from a tourism perspective but it’s interesting to see that Ghana, in particular, is proving increasingly attractive as a leisure tourism destination.”
International tourist arrivals to Africa grew seven per cent above the world average in 2018, report
Africa and Middle East Middle East grew above the world average while Asia and the Pacific and Europe grew at 6%; 2018 totaled 1.4 billion international tourist arrivals.
The Nigerian National Petroleum Corporation has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products.
Taxi hailing company Uber has launched UberASSIST in Nairobi.
[South Africa] Special Economic Zone to significantly contribute to the economic and industrial development
The Minister for Trade and Industry South Africa, said the recently designation of the Nkomazi Special Economic Zone (SEZ) will contribute significantly to the economic and industrial development.
Kenyan-owned taxi-hailing app Little has announced plans to roll out minibus services in Nairobi in the new year.
In 2018, WorldVentures™, the direct seller of travel and leisure club memberships, embarked on unprecedented global expansion.
SAA (South African Airways) and Emirates are expanding their commercial relationship with enhancements to a codeshare agreement, opening up new destinations for both SAA and Emirates customers.
Africa’s travel and tourism industry continues to record impressive growth over the years. In 2017, the continent hit a 63 million high in international tourist arrivals as compared to 58 M in 2016 (+ 9% vs 2016).
Mauritania is serious about “rolling out the welcome mat” to foreign direct investment (FDI) following the launch of an online investment guide in the capital Nouakchott on 22 November.
Jumia has launched its Africa Hospitality Report 2018/19. The 2nd edition of the report looks at the 2017/2018 trends in the continent’s tourism, travel, hospitality and aviation industries.
South Africa Deputy Minister for Trade and Industry has received the assurance of the Tunisian business people that they are keen and committed to the establishment of the joint South Africa-Tunisia Business Council.
AC Hotels by Marriott, European-inspired lifestyle brand, has opened AC Hotel Cape Town Waterfront marking the debut of the brand in Middle East and Africa.
Since Airbnb’s founding, 3.5 million guests have arrived at listings across Africa as a whole, and 2 million guests have arrived at listings on Airbnb in South Africa.
Regional low-cost carrier, Jambojet has appointed Mr. Allan Kilavuka as the new Managing Director and Chief Executive Officer effective 1st January, 2019.
Kenyan based payment service provider DPO Group, has announced a partnership with Aero CRS (an airline customer reservation system) that will see DPO power all the payments at the back-end ensuring all parties receive their payments in real time.
Five months after rolling uberBODA operations in Kampala, Uganda, Uber has now launched the service in Nairobi.
A two-day Ad-Hoc Expert Group Meeting being held in Kigali is seeking to explore avenues through which financing for tourism development in the Eastern Africa region could be sustained.
Protea Hotels by Marriott, part of Marriott International, announced the signing of Protea Hotel by Marriott Accra, Kotoka Airport
Regional low-cost carrier, Jambojet has leased two new Bombardier Dash 8 Q400 aircrafts from Chorus Aviation Capital, to add onto their growing fleet of aircrafts.
Ethiopia has launched visa on arrival service for all African travelers as of November 1, 2018.
Ethiopian Airlines has changed the ultra-long haul route from Addis Ababa to Los Angeles to transit through Lome, Togo as of 17 December 2018 and will start a new route from Addis Ababa to Dublin via Madrid as of 15 December 2018.
Uber and Suzuki Motor Corporation have entered into a new memorandum of understanding (MOU) to expand the fuel-efficient UberCHAPCHAP option across Sub-Saharan Africa.
The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe and the Free State Member of the Executive Council for Economic, Small Business Development, Tourism and Environmental Affairs, Ms Limakatso Mahasa will officially launch the revitalised Phuthaditjhaba Industrial Park.
Protea Hotels by Marriott, part of Marriott International, today announce the opening of Protea Hotel by Marriott Pretoria Loftus Park.
Further disruption in South Africa’s accommodation and property letting sector is on the cards as AirAdvance, a fintech startup, provides those offering private accommodation through Airbnb easy access to affordable finance.
Kenya is set to become one of the top five fastest-growing economies in Sub-Saharan Africa, with a projected rebound in GDP growth to 6% in 2018 and 7% by 2019 according to a Jumia hospitality report.
Autograph Collection Hotels, Marriott International’s collection of independent hotels, has announced that it will soon debut the brand into Kenya with Sankara Nairobi, slated to join the brand’s diverse portfolio of over 150 independent hotels.
Among the flights that are expected to be launched to accommodate the increasing number of tourists visiting Sharm El-Sheikh are flights from Azerbaijan to Sharm El-Sheikh that will start operating on November 8.
Taxi hailing firm Uber has announced the new Safety Toolkit which, over the next few weeks, will be rolled out to the millions of riders, drivers and delivery-partners using the app across Africa, Europe and Middle East.
The Chairperson of the African Union Commission, Moussa Faki Mahamat, welcomes the announcement made on 8 October by President Mulatu Teshome of a visa-on-arrival regime for all African passport holders entering the country.
KiteBnB will be expanding into South Africa and Mauritius through AccelerAfrica, a business development company that helps technology companies from Europe to penetrate the African market ina a smooth, fast and cost efficient manner.
AccorHotels, the global travel and lifestyle group, announced a record year of development in Africa.
African-based specialist hospitality, real estate and leisure consulting company, HTI Consulting, summarised the top five performers across 13 African cities for the first half of 2018 as indicated by STR Global.
Global hospitality company Hilton has announced an initial investment of $1 million to drive sustainable travel and tourism in Africa. To do so, the company will focus on five key areas.
AccorHotels and Platinum Properties, the Project Company of the Pullman Accra Airport City, have announced the signing of a landmark agreement for Pullman Accra Airport City.
Hilton has announced it is on track to more than double in size in the next five years with the opening of Legend Hotel Lagos Airport, Curio Collection by Hilton – the company’s first Curio Collection by Hilton hotel in Africa.
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, has announced the signing of Radisson RED Hotel Abidjan Plateau, Ivory Coast.
From the Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, Marriott International today announced rapid expansion plans across Africa. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings.
According to the July issue of Africa Tourism Monitor 2018, recently published by the African Development Bank, the continent earned $36.2 billion in revenue from 62.9 million international visitors in 2016.
Jumia has partnered with Amadeus, a leading travel technology company to launch the first flight marketplace in Africa.
In 2017, the hospitality industry supported 1.1 million jobs (9% of total employment), and by end of 2018, the employment rate is expected to rise by 3.1%; according to a Jumia Hospitality Report.
DHL Global Forwarding, the leading international provider of air, sea and road freight services, has appointed Egidio Monteiro to take on the role of CEO, Southern Africa, with effect from 1 October 2018.
Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group.
A total of 7 million tourists visited Morocco in the first seven months of 2018, up 7 percent year on year, according to statistics released by the Moroccan Tourism Ministry
Based on H1 2018 figures from STR, provider of data and analytics for the global hotel industry, Marrakech has emerged as a standout performer among key African cities.
Ethiopian Airlines has announced that it has commenced twice weekly freighter service to Bogota, Colombia as of August 29, 2018.
Kenya Airways has reported a Sh4b loss after tax for the first six months of 2018 from Sh5.6 billion recorded same period last year.
Travelport, a global travel commerce platform, and FCM Travel Solutions (FCM), have announced an expanded long-term technology partnership.
While the apartment hotel space is relatively new territory in Africa, with only a handful of significant players, great possibilities exist on the continent.