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Radisson Hotel Group Surpasses 100 Hotels in Africa, Accelerating 2030 Growth Ambition

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2 months ago

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Radisson Hotel

Building on this momentum, the Group has signed over 15 new hotels and roughly 2,500 rooms in the last 12 months

BRUSSELS, Belgium, March 31, 2026/APO Group/ —Radisson Hotel Group (www.RadissonHotels.com) has reached a significant milestone in Africa, with more than 100 hotels across the continent in operation and under development. Radisson Blu continues to anchor the legacy footprint. At the same time, the Radisson brand is the fastest riser, supported by a strong conversion engine and a concrete pipeline that continues to translate into openings. Building on this momentum, the Group has signed over 15 new hotels and roughly 2,500 rooms in the last 12 months, including new market entries in the Democratic Republic of Congo and Zimbabwe.

Over the past five years, Radisson and Radisson Blu have ranked among the most signed brands in Africa, with one of the highest shares of cumulative openings. The last 12 months set a new benchmark with more than 2,500 rooms signed and multiple market entries. Priority growth markets remain Morocco, South Africa, and Nigeria, where the Group is deepening its presence and widening its brand distribution.

Ramsay Rankoussi, Regional Chief Development Officer, Radisson Hotel Group, commented: “We’ve crossed the 100-hotel mark in Africa by staying true to our plan, focusing on where we can lead, moving fast on quality conversions, and partnering with owners who share our ambition. The next phase is about depth in Morocco and Nigeria, a smarter footprint in South Africa, and a stronger resort offering that matches where travelers want to go. Our pipeline is built to open, not just to announce. That is why our conversion share is high, our time to market is short, and our brands are gaining ground in the cities and resort destinations that matter most.”

Nigeria shows the model’s resilience. The Group now holds a strong position in the country with 13 hotels in operation and pipeline, while Abuja is carrying a significant active pipeline with three hotels totaling 458 keys.

South Africa is being reshaped with priorities in Cape Town, targeted growth in secondary cities such as Durban and Pretoria, and a sharper focus on leisure corridors that include Kruger National Park, Sun City, and the Garden Route. The Group plans to enter Zanzibar and is considering lodge, safari, and affiliation opportunities across Namibia, Botswana, and Zambia to meet the rising demand for nature-led experiences.

Conversions remain a core lever for scale and speed. In the last five years, more than 15 hotels, equal to almost 3,000 rooms, joined the portfolio through conversion. This helped the Group lead openings across the continent while keeping brand standards high and owners in mind.

Recent signings show the extensiveness of this strategy, with a balanced pipeline of city hotels, resort destinations, and quick-to-market conversions. These signings span the Democratic Republic of Congo, Nigeria, Zimbabwe, and Morocco, including Radisson Blu Kinshasa and three Radisson hotels in Lubumbashi, Radisson Harare, Park Inn Victoria Falls, Radisson Collection Lagos Atlantic, as well as new additions in Casablanca with Radisson Blu Resort & Conference Center Bouskoura, a first Radisson brand hotel in Rabat, and further expansion in Marrakech. Key signings include:

Democratic Republic of the Congo

Radisson Blu Hotel, Kinshasa
Upper-upscale flagship in Gombe

Opening late 2026. Set on Boulevard Colonel Tshatshi in the Gombe district, the hotel will offer 110 keys, including suites and a Presidential Suite. Guests can choose from a lobby bar, an all-day dining restaurant, and a pool bar. Wellness includes a gym, massage rooms, and an outdoor pool with a terrace. Meetings and events feature a modern event hall with a pre-function area. The address is well connected, 32 kilometers from N’djili International Airport, 10 kilometers from N’Dolo Airport, and 6 kilometers from Gare Centrale.

Radisson Hotel Lubumbashi
Panoramic city stay in the DRC’s second city

Opening mid-2027. Located on Revolution Road Avenue, the hotel will feature 97 keys, including junior suites and a Presidential Suite. Dining spans a lobby bar, an all-day dining venue, and a rooftop bar and grill with city views. Three flexible meeting rooms and a pre-function area support business and social events. Facilities include a gym and a swimming pool. The location sits near Kipopo Lake, Lubumbashi Golf Club, and La Plage, and is 12 kilometers from Luano International Airport.

Radisson Blu Apartments Lubumbashi
Upscale apartment living in Lubumbashi’s prestigious Quartier Golf

Targeted for 2030. A 160-room property located in Quartier Golf, one of Lubumbashi’s most upscale residential districts, near Kipopo Lake and surrounded by luxury homes and key landmarks including Lubumbashi Golf and La Plage. Planned amenities include a specialty restaurant and bar, a pool bar, and a gym, offering a premium stay experience for extended-stay and leisure travelers.

Radisson Airport Hotel Lubumbashi
A strategically located airport hotel designed for ease and connectivity

Set to open in 2028, this 105-room property will be located just 6 kilometers from Luano International Airport, around a 10-minute drive, making it well positioned for business travelers, transit guests, and airline crews. Planned facilities include a restaurant, lobby bar, pool bar, meeting rooms, and a swimming pool, combining practicality with a welcoming hospitality experience close to the airport.

Egypt

Radisson Resort Ain Sokhna Groove
A large-scale Red Sea resort in one of Egypt’s growing leisure destinations

Planned for 2029, Radisson Resort Ain Sokhna Groove will offer 469 rooms, including 50 family rooms, as part of The Groove Ain Sokhna mixed-use development. Located along the Red Sea coast, around 30 kilometers south of Ain Sokhna and approximately 150 kilometers from Cairo, the resort is expected to feature private beach access, a spa, gym and fitness center, several restaurants, plus a ballroom and meeting rooms, catering to both holidaymakers and events demand.

Radisson Serviced Apartments COY Sheikh Zayed City
Flexible extended-stay accommodation in a fast-growing hub of Greater Cairo

Expected to open in 2030, this 120-key serviced apartments property, including six one-bedroom units, will form part of the COY development in Sheikh Zayed City. With a location just 13 kilometers from Sphinx International Airport and 14 kilometers from the Great Pyramids of Giza, the development sits close to major commercial, leisure, education, and healthcare destinations. Planned amenities include a coffee lounge, bar, kiosk, and meeting and event space integrated into the wider co-working environment.

We’ve crossed the 100-hotel mark in Africa by staying true to our plan, focusing on where we can lead

Morocco

Radisson Blu Hotel & Conference Center, Casablanc a Bouskoura
Conference-ready address beside Palm Golf

A 119-key hotel with eight suites, a rooftop restaurant, and a dedicated conference center. Event facilities include two boardrooms, while a spa and a large outdoor pool cater to leisure travelers. The hotel is located 20 kilometers from Mohammed V International Airport and next to Palm Golf Palmeraie Country Club.

Radisson Hotel & Apartments Rabat Technopolis
Dual-component hub in the capital’s innovation park

A two-building project in Technopolis, 25 minutes from central Rabat. The hotel will offer 140 rooms, four dining venues, a pool, and a meeting and events space. The adjacent serviced apartment building adds 56 units. Technopolis connects businesses with leading education and research centers, creating a strong base for corporate demand.

Radisson Blu Resort Marrakech Ben Akil
Low-rise bungalows with views of Atlas Mountains

Opening early 2028. A 17-hectare estate featuring 80 bungalow-style accommodations, each with an outdoor terrace. Larger typologies include private pools. The resort sits beside Royal Golf Marrakech and is a 15-minute drive from the city center.

Nigeria

Radisson Hotel Aba
A new internationally branded hospitality destination for Aba

Targeted for 2031, Radisson Hotel Aba will introduce 120 rooms, including six junior suites, in a prime riverside location along the Aba River near key transport corridors. The hotel will become the first Radisson-branded property in Aba and the Group’s third branded hotel in Nigeria. Plans for the hotel include a gym, swimming pool, and several meeting rooms, serving both business and local demand. Sam Mbakwe International Airport in Owerri is approximately 56 kilometers away, or a 1 hour and 10 minute drive.

Radisson Hotel & Conference Center Yenagoa
A conference-focused hotel in the heart of an emerging Nigerian business center

Scheduled for 2027, the property will feature 196 rooms, including 16 junior suites, four executive suites, and two Presidential Suites, in Yenagoa, a city that is steadily strengthening its role as an administrative and commercial hub in southern Nigeria. Located near government institutions, business districts, and Bayelsa International Airport, approximately 33 kilometers or 40 minutes away, the hotel is set to benefit from the area’s ongoing infrastructure and hospitality growth while meeting rising demand for accommodation, meetings, and large-scale events.

Radisson Collection Hotel, Lagos Atlantic
Refined lifestyle luxury on the oceanfront of Lagos’ leading business district

Targeted for 2029, Radisson Collection Hotel, Lagos Atlantic will feature 107 rooms, including 16 executive suites and one Presidential Suite, on a prime oceanfront site on Victoria Island. As Lagos’ main financial and commercial district, Victoria Island is home to multinational companies, corporate headquarters, embassies, and strong year-round business activity. Located approximately 33 kilometers from Murtala Muhammed International Airport, around a 45-minute drive, the hotel will mark the second Radisson Collection property in Lagos.

South Africa

Radisson Serviced Apartments Umhlanga
A modern serviced apartment offering in the heart of Umhlanga’s business district

Planned for 2029, Radisson Serviced Apartments Umhlanga will introduce 155 rooms in a newly built development within Umhlanga Ridge, one of the area’s most established commercial and lifestyle hubs. The property will be within walking distance of Gateway Theatre of Shopping and close to major office precincts, including Umhlanga Ridge Business Park, La Lucia Office Park, and Glass House Office Park. Comprising studios and apartments, the project is designed to meet growing demand for high-quality extended-stay accommodation in the district.

Zimbabwe

New market entry

Radisson Serviced Apartments, Harare
Prime Borrowdale address for extended stays

Targeted for end-2028. A 147-key serviced apartments project within a master development near Maxwell Road in Borrowdale. The neighborhood is known for luxury residences, upscale shopping at Sam Levy’s Village, and entertainment at Borrowdale Racecourse. Planned amenities include a café and bar, a gym with sauna, and a pool with a deck. Set to be the only internationally branded hotel apartment offering in the area.

Park Inn by Radisson Victoria Falls Resort
A resort destination near one of the world’s most iconic natural landmarks

Expected to open in 2029, Park Inn by Radisson Victoria Falls Resort will offer 150 rooms, including five suites, in a setting overlooking Zambezi National Park. Located just 5 kilometers from Victoria Falls, around a 10-minute drive, the resort will be ideally positioned near one of the Seven Natural Wonders of the World, a destination that attracts more than 350,000 international visitors each year. With year-round waterfall views, adventure tourism, and access to safari experiences in the surrounding national parks, the property will cater to both leisure travelers and tour groups. Victoria Falls Airport is located approximately 22 kilometers, or a 23-minute drive, away.

Leading with the most diverse footprint across the continent, with presence in more than 30 African countries, Radisson Hotel Group blends depth in focus markets with selective entry into new destinations each year.

Distributed by APO Group on behalf of Radisson Hotel Group.

 

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Oversight matters: Spotting payroll fraud in a digital world

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12 minutes ago

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May 19, 2026

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South Africa

Companies combine oversight and payroll platforms to stop criminals from stealing millions

JOHANNESBURG, South Africa, May 19, 2026/APO Group/ –South Africa’s government has put payroll fraud in its crosshairs. In its latest Budget Review document, the National Treasury prioritises digital payroll systems for state entities, combatting what some outlets have reported as over R4 billion in annual losses through fraudulent payroll payments.

This problem is not limited to the public sector. The Chartered Institute of Payroll Professionals estimates that South African businesses lose around R100 million annually through payroll fraud. Many of the cases involve manual and paper-based payroll systems that are easy to manipulate.

 

The adoption of digital payroll platforms can reduce and catch fraud before it becomes a serious issue. However, going digital is not enough, says Yolande Schoültz, founder of YSchoültz Attorneys and one of SA’s foremost payroll fraud experts.

 

“There is no doubt that digital systems are better than paper-based payroll management. But a digital system only makes it much easier to track down and stop fraud. The organisation must still put the right measures in place, such as approval policies and oversight checks.”

 

Payroll fraud red flags

 

Perpetrators of payroll fraud commit their crimes in several ways. A lone individual might skim money unnoticed by creating ghost employees or redirecting payments. They might collude with former employees, leaving the latter’s details on the system and splitting their salary payments.

 

Whatever the method, the most common aspect of payroll fraud is an administrator operating under little or no oversight, says Schoültz.

 

“There should be a chain of custody, such as someone signing off on salary calculations and doing spot checks to ensure everything is legitimate. But it’s amazing how often, even at large companies, the payroll administrator is working on their own and is the only one with proper access to the payroll system.”

 

If you can access regular reports and integrate payroll data with other systems, it becomes much harder for people to commit fraud, and much easier for you to catch them if they do

Payroll fraud has several red flags, including:

 

  • Unapproved bank accounts or changes to banking details.
  • Changes to employee, account, or reporting information right before or after a payroll run.
  • Excessive overtime, since payroll fraudsters often put in disproportionate hours to maintain control.
  • Strange login and backup hours, another attempt to maintain control and avoid scrutiny.
  • No system locks during payroll runs that would avoid manipulation of records and calculations.
  • Manually feeding calculations into other systems.
  • Frequent payment errors.
  • Payroll software isolated to one device that only the payroll administrator can access.

 

Individually, some of these warnings can be innocuous. They can be signs of an overworked administrator or lacking workplace strategies. But the presence of several is reason to be concerned, and some (such as changed banking details) are immediate cause for alarm.

 

Preventing payroll fraud with technology

 

Modern payroll platforms help organisations reduce fraud, but only when used correctly and alongside other safeguards.

 

“There is no magical app that just changes how you operate,” says Sandra Crous, managing director of payroll provider Deel Local Payroll. “A nutrition app won’t automatically get you to eat less, and a fitness app won’t suddenly get you to exercise more. You still have to make changes and use the app to reinforce your new behaviours. A payroll platform gives a business the tools to oversee and manage payroll through different layers, but the business must use those tools in accordance with its policies.”

 

Spot checks can quickly reveal issues that require more scrutiny. Payroll platforms support fraud detection and financial diligence in several ways:

 

  • System and bank account changes: The platform provides reports and audit trails, and generates custom reports for authorised employees.
  • Isolated access: Modern payroll platforms operate as cloud software, accessible to multiple authorised users and devices.
  • Single users: Secure accounts that give different people, such as auditors, finance directors, and HR heads, access to dashboards and reports.
  • Manual data entry: Payroll platforms integrate with other systems of record, sharing payroll data automatically and leaving no room for interference.
  • Obscure payroll information: Employee self-service (ESS) features enable employees to access payslips and other information directly, helping them spot irregularities.

 

An organisation must create oversight through clear policies, spot checks, and leadership oversight. The right payroll platform can even help people with limited payroll knowledge uncover strange behaviours.

 

“You won’t spot payroll fraud if you keep looking for big changes and payments,” says Schoültz. “Most payroll fraudsters siphon money over a long time and across multiple bank accounts, making it harder to detect. That’s much easier with paper-based systems, spreadsheets, and older payroll software. But if you can access regular reports and integrate payroll data with other systems, it becomes much harder for people to commit fraud, and much easier for you to catch them if they do.”

Distributed by APO Group on behalf of Deel Local Payroll, powered by PaySpace.

 

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Thailand’s SUBCON Expo Hits $705 Million in Parts Trade as Global Manufacturers Seek New Suppliers

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3 hours ago

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May 19, 2026

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SUBCON Expo

BANGKOK, THAILAND – Media OutReach Newswire – 19 May 2026 – SUBCON Thailand — ASEAN’s largest industrial sourcing expo — closed its 20th edition with an estimated USD 705.5 million in parts trade (approximately 23 billion baht), as manufacturers worldwide pushed deeper into Southeast Asia to broaden industrial partnerships. The event ran May 13–16 in Bangkok, drawing more than 50,000 participants and generating over 9,600 business matching pairs. It is co-organized by the Thailand Board of Investment (BOI), the Thai Subcontracting Promotion Association, and Informa Markets Thailand.

“SUBCON Thailand is not only the largest trade exhibition in ASEAN. It is a mechanism the BOI uses to connect Thai entrepreneurs to global supply chains, at a moment when massive global industrial restructuring is forcing every country to build a stronger base for its own manufacturers,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “Thai entrepreneurs will be the backbone of Thailand’s economy in the years ahead. We will develop SUBCON into a platform that elevates their capabilities and plants Thailand more firmly on the global industrial supply chain map — in AI, semiconductors, modern vehicles, and automation.”

Companies said SUBCON Thailand let them source across electric vehicles, semiconductors and advanced electronics, automation and robotics, medical devices, and aerospace — finding buyers, suppliers, and industrial partners across all of them — in a single venue.

“SUBCON Thailand serves as a key platform where automotive and electronics companies connect and explore business opportunities. Through business matching sessions, good potential has been identified to deepen collaboration with Thai entrepreneurs and enhance local industry partnerships,” said Mr. Paulino Mendoza, Team Lead Global Processing Manager, BMW (Thailand) Co., Ltd.

“SUBCON Thailand is where Thai manufacturers prove their quality to the world. Business Matching connected us with buyers and partners we would not have found elsewhere. This is how Thai companies build the confidence to compete internationally,” said Ms. Waranchalee Suwanpimolkul, Assistant Managing Director, S.K. Polymer Co., Ltd.

Many BOI-network companies left with concrete results — procurement agreements, follow-up negotiations, and technology partnerships. Business Matching drew the highest satisfaction scores of any activity at the show, reflecting how central buyer-supplier connectivity is to the event’s appeal. The results point to broader confidence: companies at the show said Thai manufacturers are internationally competitive on quality and ready to integrate into global supply chains.

Looking ahead, the BOI plans to widen SUBCON’s scope — targeting AI, advanced electronics, modern vehicles, and logistics. The BOI will also expand Business Matching to reach a broader set of industries and build closer ties between Thai companies and overseas investors.

“SUBCON Thailand is a mechanism the BOI uses to put Thai entrepreneurs at the center of global supply chains — and to keep them there. The world is going through the biggest industrial shift in a generation. Every country is racing to build a stronger base for its own manufacturers. Thai entrepreneurs will be the backbone of Thailand’s economy, and we intend to make SUBCON the platform that gets them there — in AI, semiconductors, modern vehicles, and automation,” Mr. Narit said.

USD conversions based on an exchange rate of 32.6 baht per USD.

Thailand Board of Investment
Established in 1966, the Office of the Board of Investment (BOI) has continuously played an essential role for over 60 years in promoting value-adding investment for the country, from both foreign and Thai investors, to enhance national competitiveness and drive towards a new era of sustainable and balanced growth.

Investment Services Center — PR Section, The Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax: +66 (0) 2553 8222

 

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Africa Finance Corporation Approves US$100 Million Commitment to Africa-Focused Technology Fund Managers to Accelerate Africa’s Digital Industrialisation

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6 hours ago

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May 19, 2026

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Africa Finance Corporation

Through this commitment, AFC will deploy catalytic capital in leading Africa-focused technology Funds and in particular African-owned fund managers

LONDON, United Kingdom, May 18, 2026/APO Group/ –Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that its Board has approved a commitment of up to US$100 million to invest in Africa-focused technology fund managers.

The launch comes at a pivotal moment for Africa. The continent’s digital economy is projected to contribute over US$700 billion to GDP by 2050, driven by a fast-growing, digitally connected population and accelerating enterprise adoption of technology. Yet despite this momentum, a persistent gap in long-term institutional capital continues to constrain the development and scaling of high-potential technology businesses across the continent.

Through this commitment, AFC will deploy catalytic capital in leading Africa-focused technology Funds and in particular African-owned fund managers. In doing so, AFC aims to address the underrepresentation of local capital in venture funding by catalysing greater participation from African institutional investors and deepening local ownership within the ecosystem.

Africa’s venture capital ecosystem has demonstrated real potential – the continent has produced nine unicorns, some of its leading fund managers have generated returns of up to 128 times the capital originally invested, and African start-ups raised US$3.8 billion in 2025 alone. Yet local institutional capital remains significantly underrepresented across many fund cap tables, with the majority of venture funding continuing to flow from international sources. AFC’s commitment is designed to shift that dynamic.

We trust that other development finance institutions, insurers, reinsurers and pension funds will follow AFC’s lead

Samaila Zubairu, President and CEO of AFC said: “Across the continent, young Africans are not waiting for the digital economy to arrive; they are seizing the moment — adopting technology, creating markets and solving real economic problems faster than infrastructure has kept pace. That is the investment signal. AFC’s US$100 million Africa-focused Technology Fund will accelerate the convergence of growing demand, rapid technology adoption, youthful demographics and the enabling infrastructure we are building. Digital infrastructure is now as fundamental to Africa’s transformation as roads, rail, ports and power — enabling productivity, payments, logistics, services, data and cross-border trade, while creating jobs and industrial scale.”

As part of the initial deployment, AFC has made anchor commitments to Lightrock Africa Fund II and Future Africa Fund III, positioning the Corporation across the full innovation lifecycle – from early-stage venture capital through to growth-stage scaling. These initial commitments represent the first tranche of a broader deployment, with AFC actively evaluating a pipeline of additional Africa-focused funds spanning a range of strategies and stages, with further commitments expected in the near term.

Pal Erik Sjatil, Managing Partner & CEO, Lightrock, said: “We are delighted to welcome Africa Finance Corporation as an anchor investor in Lightrock Africa II, deepening a strong partnership shaped by our collaboration on high-impact investments across Africa, including Moniepoint, Lula, and M-KOPA.

This commitment reflects a shared conviction in the opportunity to back high-growth, technology-enabled businesses with proven business models, strong fundamentals, and clear pathways to profitability. With aligned capital, a long-term perspective, and a shared focus on value creation, we are well positioned to support exceptional management teams and scale category-leading businesses that deliver attractive financial returns alongside measurable environmental and social outcomes.”

Future Africa is a venture capital firm that backs founders building technology-enabled solutions to Africa’s most pressing challenges, with a portfolio that includes some of the continent’s most celebrated technology companies. AFC’s investment in Future Africa Fund III strengthens the pipeline of innovation at the early-stage end of the market, backing founders solving important problems spanning financial inclusion, digital infrastructure, consumer technology and education.

Iyin Aboyeji, Founding Partner, Future Africa, said: “Young Africans are not waiting for the digital economy to arrive; they are already among its most active participants globally. What they need now are the skills, productive assets and infrastructure to build and scale within it. By investing in AI-native skills, financing productive tools such as phones and laptops, and expanding energy, connectivity and compute infrastructure, we can convert Africa’s greatest asset — its people — into critical participants in the new global economy. AFC’s US$100 million commitment is the anchor this moment demands. As our first multilateral development bank partner, AFC is sending a clear signal that digital is as fundamental to Africa’s transformation as agriculture, manufacturing and physical infrastructure. We trust that other development finance institutions, insurers, reinsurers and pension funds will follow AFC’s lead.”

Overall, the commitment builds on AFC’s broader strategy to deploy capital across integrated infrastructure systems, where digital platforms increasingly complement physical infrastructure to unlock value across sectors. By combining its balance sheet strength, structuring expertise, and pan-African network, AFC aims to establish itself as the leading institutional investor in Africa’s technology ecosystem – mobilising capital at scale while delivering sustainable, long-term development impact across the continent.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

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