KTDC PROMISES HOTEL SECTOR BETTER LOAN FACILITATION
A recent meeting of the Kenya Association of Hotelkeepers and Caterers got good news from the CEO of the Kenya Tourist Development Corporation, when she announced that the ceiling of loans, and related terms and conditions were being reviewed with the aim of raising finance packages to a level now required to embark on the construction of new resorts, hotels and tourist facilities. It was also announced at the same time that the scope for financing would be expanded to venture into hitherto new areas of tourism developments like marinas, of which presently only one project at the Kenyan coast is being developed at the ‘English Point’ overlooking the entrance to the old harbour, which when complete will indeed offer a new range of services to visitors as well as an investment opportunity to own a piece of prime real estate, if only through a condominium, to foreign ‘fans of Kenya’.
Watch this space.
