Vol ix issue xxii

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SINGAPORE SINGAPORE

Turkey aims for top 10 by 2023

Dutch win deal for Dar rapid transit

Singapore wants you to come and enjoy Bright light,shopping,business e.t.c andby now, G ardens the B aya great way to get there...on Ethiopian’s Singapore wants you to come and enjoy thrice weekly flights to its 8th Bright lights, shopping , business, food destination in the far sightseeing east. , trade , great and now, a great way to get there ...on Ethiopian’s thrice weekly th

flights to its 8 destination in the far east. www.ethiopianairlines.com

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SINGAPORE SINGAPORE

Ho Chi

The Merlion Statue

The Merlion Statue

Singapore wants you to come and enjoy

Singapore wants you to come and enjoy Bright light,shopping,business e.t.c and now, a

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Bright lights, , business, sightseeing , trade , great food great wayshopping to get there...on Ethiopian’s and now, a great way to get there on Ethiopian’s thrice weekly thrice weekly flights to its 8th flights to its 8th destination in the far east.

www.ethiopianairlines.com www.ethiopianairlines.com

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Minh

3 times weekly Seoul, Manila and Ho Chi Minh City

destination in the far east.

www.ethiopianairlines.com

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n EDITORIAL

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OPENING UP NEW ROUTES TO THE FAR EAST

n SPECIAL REPORT

Manila

SINGAPORE SINGAPORE

TO THE HTS OF BRAZIL

www.ethiopianairlines.com

www.busiweek.com

A F R I C A N The Merlion Statue

Singapore wants you to come and enjoy

Gardens by the Bay

Bright lights, shopping , business, sightseeing , trade , great food and now, a great way to get there on Ethiopian’s thrice weekly flights to its 8th destination in the far east.

www.ethiopianairlines.com

VOL. 9, ISSUE 22 JANUARY 27 - FEBRUARY 2, 2014

UNVEILING OPPORTUNITIES

KSH40; TZSH1000; USH1,500; RWF600; BIF 1,500; 5BIRR,SS£ 2.5

Marriott to take over Protea hotels BY PATRICK KISEMBO nDAR ES SALAAM, Tanzania----Marriott International, Inc. and South Africa’s Protea Hospitality Holdings last week announced a tentative deal in which the US-based chain is to buy Protea’s three brands and management company. The deal is expected to be closed by April 1, 2014. According to a statement availed to East African Business Week and signed by Marriot International, Inc Account Manager, Kirsty Kirsten, under terms of the agreements Marriott will pay approximately about $186 million at current exchange rates, subject to normal closing adjustments. Protea Hotels is the largest hotel group in Africa with the most extensive footprint; more than 116 hotels throughout South Africa and six other African countries, including Zambia, Nigeria, Namibia, Malawi, Uganda and Tanzania. The transaction is subject to receipt of certain third party and governmental consents, including exchange control approval from the South African Reserve Bank and competition approval from the South African Competition Commission and the Common Market for Eastern and Southern Africa (COMESA) and satisfaction of other customary conditions for transactions of this kind. According to the statement, Marriott does not expect the transaction will have a material impact on its 2014 results. TO PAGE 2

DELICIOUS: Protea Hotels is the largest hotel group in Africa with the most extensive footprint; more than 116 hotels throughout South Africa and six other African countries including Rwanda, Uganda and Tanzania.

Dar forwarding agents reject dollars BY PATRICK KISEMBO nDAR ES SALAAM, Tanzania -Even as competition between Mombasa Port and Dar es Salaam Port intensifies, forwarders in Tanzania have rejected a directive by the container terminal management to pay in US dollars. Last month, the Tanzania International Container

Burundi launches ICT backbone BY RENOVAT NIMBONA

Terminal Services Limited (TICTS) issued a notice to its customers that all its invoices will be paid in US dollars currency only. The notice was undated to users, but it stressed that the US dollars payment will start effective this week. TO PAGE 2

nBUJUMBURA, Burundi--President Pierre Nkurunziza has invited both Burundians and foreigners living in Burundi to take advantage of opportunities offered by Information and Communication Technology (ICT) applications. He was recently launching Burundi First Phase Backbone System (BBS) Network in Bujumbura. Nkurunziza also asked operators and internet service providers to ensure that the final users can TO PAGE 2

Rwanda gets $240,000 for milk logistics BY AGNES BATETA nKIGALI, Rwanda---The Rwanda milk industry has been given $240.000 from the Rwanda Dairy Competitiveness Program ll (RDCP ll), This is under the Land o Lakes International Development, but the funds were donated by the US Agency for International Development (USAID). This five- year supported program is aimed at boosting food security and increasing income for Rwanda’s smallholder dairy farmers. “This program is aimed at reducing poverty through the expanded marketing of quality milk that will generate income, provide greater employment opportunities and also improve nutrition of rural households,” Frank O’ Brien the Chief of Party RDCP ll said. O’ Brien said RDCP II had grants available to support the Rwanda dairy sector until January 2017. The money will be used in improving infrastructure in the country’s milk collection centres, dairy processors, plus the Small and Medium Enterprises (SMEs). Land o Lakes has already bought different equipment, including motorized tricycles which will be used in transporting milk, animal feed equipment and milk cooling tanks. Other things bought include batch pasteurizers, butter and cheese making equipment, milk cans, generators, plus a 8000 litre insulated milk transporting tank which are all to be given out to people with diaries across the country. “I am so grateful for the partnership I started with RDCP ll, and I believe this is TO PAGE 2

Spain wins Entebbe bid nKAMPALA, Uganda--- A Spanish consultancy firm, Ineco has been given a five month contract to draft the master plan for the aviation industry in Uganda. There is a $325 million budget earmarked for widening and expansion of Entebbe International Airport. According to Pablo Fuente Garcia, the Ineco Project Manager, Entebbe International Airport is projected to handle 6.09million passengers by 2033. This was however questioned by aviation analysts. “If Jomo Kenyatta at the moment is handling 6 million passengers. How can you have a master plan for 20years suggesting that in 20 years time Entebbe will be handling the same number of passengers Jomo Kenyatta is handling TO PAGE 2


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