Kenya’s Cabinet Secretary for Tourism, the Hon. Najib Balala, while officially opening the new Hill Park Resort in Diani, reminds the hospitality industry of a range of incentives put into place for the duty free importation of hotel equipment to aid the sector with modernization and to make refurbishments more affordable. This goes hand in hand with other recent reports that the Kenyan government will make available low interest loans costing less than half of what the present market interest rates for commercial bank loans are, again aimed to spur a wave of refurbishments among coastal resorts now that the tourism industry is on a growth curve again.
The funding has been made available by both the World Bank and the French Government and will be handled by a yet to be announced commercial bank on behalf of the lenders.
