Daily Archives: December 26, 2023

Egypt Raises $800MM from Hotels in Divestment Drive

Egypt’s sovereign wealth fund has signed an $800 million deal to sell a stake in seven prominent hotels to Egypt’s Talaat Moustafa Group (TMG) in its drive to raise funds and foreign currency, Prime Minister Mostafa Madbouly said on Wednesday. Revenues from selling stakes in state assets have reached $5.6 billion so far, said Madbouly,…

Radisson Opens First Safari Hotel in Hoedspruit, South Africa

Radisson Hotel Group is proud to announce the opening of Radisson Safari Hotel Hoedspruit, its first Safari hotel in Africa and 11th hotel in South Africa. Tucked between two renowned nature reserves, Kruger National Park and Blyde River Canyon, the hotel is located 2km outside of Hoedspruit in the heart of the grasslands in the Limpopo province…