City Lodge expands in East Africa

City Lodge Hotels has set aside R475m to build two new hotels in East Africa, and is looking for other opportunities to add hotels in capital cities across East and Southern Africa, the company said on Friday.

The company last year opened its 104-room Town Lodge in Gaborone, and it recently bought the 50% it did not already own in two hotels in Nairobi, Kenya.

In its year ended June City Lodge’s normalised diluted headline earnings share rose by 11% to 643.1c, with revenue growing 9% to exceed R1bn for the first time.

Editor's Comment
Refrain from risky behaviours

After long spells of dryness and high temperatures, it is important to celebrate the torrential rains with caution and reasonableness especially when all indications suggest that the rains are not going to stop anytime soon, especially in the northern parts of the country.We want to encourage both the young and the old to refrain from any risky behaviour during this rainy season.Batswana need to be on red alert and not take chances during the...

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