sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive
Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC).
According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019.
''We are expanding our footprint into DRC. It is a management contract,'' the MD said.
Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly.
Management contract. Why would one stay in Goma when (safer) Gisenyi is just a few miles away?
Friendly politics after the latest general elactions. To be enjoyed for a limited period
A few months?
It's sad what's been happening in DRC/Zaire over the years/decades.
I wish the people of DRC well.
TPSEA is going to run the hotel which is better than owning assets in DRC.
KK bailed out of DRC after building a new storage facility. Too much drama.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett