Serena Hotels in $20m Deal With French Fund Proparco
By Victor Juma, AllAfrica TPS Eastern Africa, the owner of Serena Hotels and Lodges, is set to receive a $20 million loan from French fund Proparco to refurbish and expand its properties. The eight-year loan will fund capital expenditures over 24 months, starting next year. “Proparco and Serena Hotels continue to build on their long-term…