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Claude Periou director general Proparco (left) and Mahmud Jan Mohamed managing director Serena Hotels when TPS Eastern Africa Limited and Serena Hotels and PROPARCO a subsidiary of the French development agency signed a USD 20 million loan agreement taken on 24th August 2015
NAIROBI: Tourism sector has received a major boost after TPS Eastern Africa signed a Sh2 billion loan agreement with French development institution Proparco to expand its services.
The company, which operates a chain of luxury hotels, lodges and tented camps across East Africa under the brand name Serena entered into an eight year tenure partnership with Proparco that will see a portfolio of facilities developed in the next two years starting in 2016.
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