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Burundi News

Serena to invest in Bujumbura

Wolfgang H. Thome, eTN  Nov 02, 2010

(eTN) - Information was received last week that Serena Hotels, headquartered in Nairobi but active all over the Eastern African region, including in Mozambique’s capital Maputo, has entered into a management and refurbishment contract for one of Bujumbura’s main hotels.

The "Source of the Nile" hotel presently features 146 rooms and suites and is due for an upgrade, overhaul, and probably some extensions in the coming years. Serena was not yet able to give a precise figure of funds needed for the extensive work, but going by previous experiences in Kigali or Kampala, it will certainly run into multi-millions of US dollars.

Only recently has Serena floated shares on the Nairobi Stock Exchange to raise more capital, ostensibly aimed to retain the region’s top spot as leading hotel, resort, and safari lodge company through constant product upgrades and expansion into hitherto "blank spots" across the wider region.

Serena to invest in Bujumbura
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