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Radisson Hotel Group bolsters African presence with 7 additional hotels and over 1,200 new rooms including a landmark entry in Tanzania

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Radisson Hotel Group

Radisson Hotel Group continues to hold a leading position with a portfolio of 13 hotels in operation and under development, including five new hotels signed in 2023

WINDHOEK, Namibia, June 25, 2024/APO Group/ — 

Radisson Hotel Group (www.RadissonHotels.com) is delighted to announce the addition of seven new hotels, adding over 1,200 hotel rooms to its African portfolio and its debut in Tanzania within the first half of 2024. With those additions, the Group’s footprint in Africa has grown to nearly 100 hotels in operation and development, placing the Group well on track to reach its goal of 150 hotels within the next five years. 

Tanzania has been identified as a key market in the Group’s proactive expansion strategy, making its debut in the country with two hotel signings. This addition enhances the Group’s diverse African portfolio, spanning across 30 countries, further establishing it as the hotel company with the largest market presence in Africa.

In Nigeria, Radisson Hotel Group continues to hold a leading position with a portfolio of 13 hotels in operation and under development, including five new hotels signed in 2023. The new signing of the Radisson RED Hotel Abuja has further bolstered the Group’s presence in the city, bringing the total number of hotels under development in Abuja to four.

In Morocco, the Group has pursued the same efforts with a clear transformation plan, growing its presence from 1 hotel in 2020 to over 9 hotels in operation and 4 hotels in development today. Casablanca represents a strategic hub among multiple continents and the new signing of Radisson Blu Hotel & Apartments Casablanca Finance City and Radisson RED Hotel Casablanca Finance City solidifies the Group’s ambitions to reach over 25 hotels by 2030 across the country.

Ramsay Rankoussi, Vice President, Development, Africa and Turkey at Radisson Hotel Group, said, “The seven new hotels align with our expansion strategy, demonstrating significant growth in key African markets such as Morocco, Nigeria, Tunisia and Ethiopia as well as our highly anticipated debut in Tanzania. These hotels also highlight our conversion strategy and our commitment to diversifying our portfolio by introducing new brands and cementing our presence in these important markets.”

The six hotel signings include:

Radisson Blu Hotel & Apartments, Dar es Salaam (Tanzania)

Marking Radisson Hotel Group’s debut in Tanzania, this 138-room hotel, featuring 94 guestrooms and 44 three-bedroom apartments, is set to open in 2025 as part of a mixed-use development in Dar es Salaam’s CBD. The hotel will occupy the top 14 floors of a 33-floor tower, one of the tallest buildings in the area, and is within walking distance of the ferry terminal to Zanzibar Island.

The hotel will offer a diverse array of dining facilities, including a lobby café, business class lounge, all-day dining restaurant, specialty restaurant, outdoor pool, and pool restaurant. Additional amenities include retail stores, a ladies’ salon, indoor parking, a gym, steam room and sauna, kids’ playroom, and eight meeting rooms.

Radisson Hotel Mwanza (Tanzania)

Supporting a strong market entry, this 196-room hotel, currently under construction, will debut the Radisson brand in Tanzania in 2025. Mwanza, Tanzania’s second-largest city, is renowned for corporate meetings and events and is the ideal starting point for tours to the Serengeti National Park. As the only branded hotel in Mwanza, it will feature a lobby café and bar, all-day dining restaurant, sports bar, outdoor pool bar, executive lounge, and two specialty restaurants, Balaustine, a ‘casual-fine dining’ experience inspired by the Barbary coast and the Levant and Filini, offering a delectable dining experience of fresh, simple, and delicious Italian-style cuisine.

We’ve recently announced our ambition to reach 25 hotels by 2030, doubling the portfolio in both countries

The meetings and events space includes a triple-height ballroom, business center, boardrooms, and a conference room. The extensive wellness facilities will include a gym, spa, outdoor pool, and kids’ playground.

Radisson Blu Hotel & Apartments, Casablanca Finance City and Radisson RED Casablanca Finance City (Morocco)

Enhancing the Group’s Moroccan portfolio, which currently includes 11 hotels in operation and under development, is the addition of new two dual-branded hotels and a serviced apartment. These new builds, including the first Radisson RED hotel in North Africa will feature a total of 381 rooms, are set to open in late 2027. They will be located in Casa Anfa, at the heart of Casablanca Finance City, the city’s new financial hub, recognized as Africa’s leading financial center, on par with London and La Défense in Paris.

Providing guests with an array of dining and wellness facilities for an ideal stay, the Radisson Blu will offer guests an all-day dining restaurant, a specialty rooftop restaurant, and a rooftop bar. Meanwhile, the Radisson RED hotel, will feature a restaurant and a pool bar. The Radisson Blu’s wellness facilities will include a spa, a fitness center, and an outdoor rooftop swimming pool. The Radisson RED will also provide a fitness center, an outdoor pool, and an outdoor rooftop swimming pool.

For meetings and events, in addition to the five meeting rooms at the Radisson Blu, there will be a 1,100-square-meter conference center comprising an auditorium, large ballroom and three meeting rooms, making the complex the future meeting destination.

Radisson Blu Hotel & Conference Center, Tunis (Tunisia)

This 305-room hotel, a conversion of an existing property, will soon debut the Radisson Blu brand in Tunis, complementing the Group’s footprint in Tunisia as its seventh hotel in the country and fourth in Tunis. Located just 10 minutes from the airport, the hotel will feature dining outlets such as a lobby bar, shisha bar, all-day dining restaurant, and three specialty restaurants.

The expansive convention center will include multiple meeting rooms, boardrooms, a VIP room, an executive lounge, a business center, and a 1,400 sqm ballroom, making it the largest conference center in the city.

Radisson RED Abuja (Nigeria)

The new-build 105-room hotel, set to open in 2028, will be Radisson Hotel Group’s 13th property in Nigeria and the second Radisson RED in the country, introducing the upper upscale brand to Abuja. Located in Wuse, Abuja’s main commercial and social district, the hotel will be surrounded by corporate offices, popular estates, shopping malls, and nightlife venues. The hotel will feature a bar and terrace, an all-day dining restaurant, and a pool bar and grill. It will also offer 238 square meters of meeting space, including three meeting rooms and a pre-function area, as well as a fitness facility.

Park Inn by Radisson Addis Ababa (Ethiopia)

Scheduled to open in 2025, this 120-room hotel will be the Group’s third hotel in Ethiopia, all located in Addis Ababa and introduce the Park Inn by Radisson brand to the country. Dining options will include a breakfast hall, restaurant hall, coffee shop, and four soft drink bars. The meeting and events space will consist of a large and medium conference room and four meeting rooms. Guests can also enjoy two gyms, a spa, business center, sport facilities, kids’ entertainment area, retail space, and co-working space.

Since 2022, the Group has opened 14 hotels, including the debut of the Radisson brand in Morocco and Tunis with Radisson Hotel Casablanca Gauthier La Citadelle and Radisson Hotel Tunis City Center, solidifying its position as the largest hotel operator in Tunisia. The openings have diversified the Group’s portfolio with the first safari hotel in Africa, Radisson Safari Hotel Hoedspruit, the first resort in Livingstone, Radisson Blu Resort Mosi-oa-Tunya, and the debut in Reunion Island with Radisson Hotel Saint Denis. This achievement has set a record for the Group in terms of realizing its pipeline into openings, translating into a commendable 15 percent annual net operating growth in its African portfolio.

“With a strong first half of the year, we plan to continue the momentum in the second half by focusing on expanding our presence in key markets such as Morocco and South Africa, where we’ve recently announced our ambition to reach 25 hotels by 2030, doubling the portfolio in both countries. We thank each of our partners for their valued trust in us and our brands,” concluded Rankoussi.

Distributed by APO Group on behalf of Radisson Hotel Group.

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Morocco’s First Africa’s Business Heroes (ABH) Top Three Finalist is Pioneering Water and Sanitation Solutions

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Africa’s Business Heroes

Her inspiring leadership, technical knowledge and commitment to making a difference have seen her rise as a business leader in the water and sanitation industry

RABAT, Morocco, April 7, 2025/APO Group/ —

In a remarkable milestone for Morocco, Dr. Salma Bougarrani has made history by becoming the first female Moroccan entrepreneur to reach the Top three finalists in the esteemed Africa’s Business Heroes (ABH) www.AfricaBusinessHeroes.org/ Prize Competition. Finishing as the 1st Runner-Up. Dr. Bougarrani, the co-Founder and CEO behind Green Watech (apo-opa.co/4jrjZnv), is not just pushing sanitation forward for the rural communities; she’s also blazing a trail for women entrepreneurs in an industry where females are often not noticed or heard from. Her inspiring leadership, technical knowledge and commitment to making a difference have seen her rise as a business leader in the water and sanitation industry.

The recognition from ABH, the Jack Ma Foundation’s flagship philanthropic program in Africa, aligns with its mission to spotlight and support local talent like Dr. Bougarrani, who are driving positive change in their communities. Over a decade, the program aims to honor 100 African entrepreneurs while providing grant funding, training and broader ecosystem support to foster African entrepreneurship.

Dr. Bougarrani’s journey into the world of water and sanitation began with her firsthand observations of untreated wastewater wreaking havoc in Moroccan villages. Witnessing these difficulties sparked her passion for creating sustainable solutions, leading her to leave the world of academia and pursue a career in entrepreneurship. In 2018, she formed Green Watech to give rural communities access to reasonably priced and energy-efficient sanitation systems. She holds a PhD in Advanced Water Treatment Processes from Med V University and Leipzig University.

Impacting Lives Through Sustainable Innovation

At the centre of Green Watech’s innovation is a groundbreaking soil-based filtration system, which provides the means to treat wastewater for agricultural irrigation. Unlike expensive, energy-hungry technologies, this system is all about being low-maintenance, budget-friendly, and sustainable – perfect for rural communities that often struggle with limited infrastructure. By cutting down the need for fresh water by as much as 70%, Green Watech is transforming the water management landscape in Morocco.

Since its inception, Green Watech has changed the lives of over 30,000 people in 17 Moroccan villages and farms. The company has cleaned more than 200 million litres of wastewater, which helps with water shortages and makes farms more productive. Thanks to Green Watech’s participatory model, local communities actively participate in the process. Villagers are taught how to set up, maintain, and grow sanitation systems through training programs, which promote resilience and sustainability in the long run.

Green Watech’s soil-based filter system also cuts down on the need to use fresh water for crops. It offers a long-lasting, cheap, and easy-to-keep-up answer for people in rural areas. The company plans to grow beyond Morocco in the future. It aims to reach North Africa and other places during the year.

Breaking Down Barriers as an ABH Trailblazer

Dr. Bougarrani’s recognition as the first Moroccan entrepreneur to be placed among the top three finalists in the ABH competition is significant. Her success defies cultural expectations and gender norms in a field where male entrepreneurs predominate. Her accomplishment serves as a role model for aspiring female entrepreneurs throughout Africa and highlights her technical expertise and leadership abilities.

Her work in sustainable water management has gained her worldwide recognition. She has received top honours, including the United Nations Industrial Development Organization (UNIDO) Grand Prize.

The Future of Green Wateche

Dr. Bougarrani plans to put the $150,000 prize back into Green Watech to help it reach more African communities in need. She has an ambitious goal to reach 1 million end-users by 2030.  Her career is an outstanding example of how someone with a strong will and passion can break walls, challenge stereotypes and uplift entire communities.

2025 ABH Applications Are Now Open

African entrepreneurs who want to enter the 2025 edition of the competition and stand a chance to win a share of US$1.5 million can do so at https://AfricaBusinessHeroes.org/en/register.

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH

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African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

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The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector

DAR ES SALAAM, Tanzania, April 7, 2025/APO Group/ –The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania.

Under this facility, the African Development Bank will provide a guarantee of up to 100% to confirming banks against non-payment risks arising from letters of credit and similar trade finance instruments issued by the Bank of Africa Tanzania. The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector. The facility aligns with efforts to bolster intra-Africa trade, contributing directly to the objectives of the African Continental Free Trade Area (AfCFTA) (https://AU-AfCFTA.org/).

This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions

Speaking at the signing event on March 10, 2025, in Dar es Salaam, the Bank’s Country Manager for Tanzania, Patricia Laverley, stressed the importance of the facility in addressing Tanzania’s trade finance needs, saying that given the country’s import requirements, it will aid priority sectors such as trade, agriculture, manufacturing, and energy. “This facility will support trade by enabling BOAT to play a more strategic role in the regional and international market.”

Representing BOAT’s management, Deputy Managing Director Hamza Cherkaoui lauded the strong partnership with the African Development Bank, emphasizing its role in expanding trade finance capabilities across the continent. “This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions, expanding our confirmation network, and enabling access to top-tier confirming banks,” he said.

The new Trade Guarantee facility aligns with Bank of Africa Tanzania’s strategic priorities and the African Development Bank’s broader objectives, including promoting regional integration, increasing food security, and industrializing Africa. It also supports Tanzania’s Country Strategy paper 2021-2025, which focuses on enhancing the private sector business environment for job creation. It also aligns with the country’s development vision (Vision 2025), which aims to build a strong and resilient economy capable of competing globally.

The signing of the agreement marks a significant milestone in the African Development Bank Group’s direct engagement with Tanzania’s private sector, reinforcing its commitment to strengthening the country’s financial sector and economic development.

Distributed by APO Group on behalf of African Development Bank Group (AfDB

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PAC Capital Limited Named Best Transaction Advisory Firm in Nigeria at the Grand Annual Awards Ceremony 2025

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As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth

LAGOS, Nigeria, April 7, 2025/APO Group/ –PAC Capital Limited (www.PACCapitalLtd.com), a leading investment banking and advisory firm, is proud to announce its recognition as the Best Transaction Advisory Firm – Nigeria 2025 by the International Business Magazine Awards!

The award celebrates PAC Capital’s consistent track record in structuring and executing high-impact transactions across various sectors, including infrastructure, energy, transport, and financial services. This international recognition highlights the firm’s commitment to excellence, innovation, and delivering value-driven advisory services.

At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations

Humphrey Oriakhi, Managing Director of PAC Capital, expressed his pride and appreciation for the recognition:

“This award is a strong validation of our efforts to lead with insight, integrity, and innovation in the transaction advisory space. We are truly honored to be acknowledged on a global platform. I dedicate this achievement to our clients who trust us with their most strategic decisions and to our team whose dedication fuels our success.”

Bolarinwa Sanni, Executive Director of PAC Capital, emphasized the importance of collaboration and resilience in the firm’s journey:

“Winning this award reflects the strength of our advisory team and the boldness of the clients we serve. At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations. This recognition inspires us to keep pushing boundaries and shaping Africa’s investment landscape.”

As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth.

Distributed by APO Group on behalf of PAC Capital Limited

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