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KAMPALA SERENA HOTEL WILL SPUR TOURISM INVESTMENT - 2004-02-11

Date: 
Wednesday, 2004, February 11
Location: 

Kampala, Uganda, 11th February, 2004 - Serena Tourism Promotion Services has signed a thirty-year lease concession agreement with the Government of Uganda and agreed to invest US$18 million investment for extensive refurbishment and upgrading of the former Nile Hotel which will re-open in September 2005 as the Kampala Serena Hotel. Announcing the investment, Prince Amyn Aga Khan, Chairman of the Executive Committee of the Aga Khan Fund for Economic Development (AKFED) expressed the hope that 'this initiative will advance tourism development throughout Uganda and act as a spur to other investors in this sector.'

person_place_reference: 
H.H. Prince Karim Aga Khan IV
person_place_reference: 
Serena Hotels


Press Release

Kampala Serena Hotel will spur tourism investment - KAMPALA SERENA HOTEL WILL SPUR TOURISM INVESTMENT - 2004-02-11

Serena Tourism Promotion Services (a subsidiary of the Aga Khan Fund for Economic Development) has signed a thirty-year lease concession agreement with the Government of Uganda and agreed to invest US$18 million investment for extensive refurbishment and upgrading of the former Nile Hotel which will re-open in September 2005 as the Kampala Serena Hotel.

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Kampala Serena Hotel will spur tourism investment - KAMPALA SERENA HOTEL WILL SPUR TOURISM INVESTMENT - 2004-02-11

Serena Tourism Promotion Services (a subsidiary of the Aga Khan Fund for Economic Development) has signed a thirty-year lease concession agreement with the Government of Uganda and agreed to invest US$18 million investment for extensive refurbishment and upgrading of the former Nile Hotel which will re-open in September 2005 as the Kampala Serena Hotel.

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