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News: Africa Hotel Investment Forum headed for Kenya this October

The Africa Hotel Investment Forum will return to Nairobi on October 2nd-4th. The event is considered premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies and their advisers. This year, the day prior, October 1st, will feature investment inspection visits to several development projects around Kenya.  Kenya has varied and wide-ranging tourism potential and the opportunity to explore some of these investment opportunities before congregating in Nairobi will be one of the highlights of the event programme.  The visits will include various projects…

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Uber co-founder Travis Kalanick a billionaire after $8bn investment deal

Uber co-founder Travis Kalanick will officially become a billionaire, after investors agreed to take a large stake in the ride-hailing firm. A consortium led by Japan’s Softbank is buying a chunk of the company from existing shareholders as well as new Uber shares in an $ 8bn ($ 5.8bn) deal. Mr Kalanick, who stepped down as chief executive in June, is selling $ 1.4bn worth of stocks, it is widely reported. While he had long been worth billions on paper, this deal cements his wealth. Mr Kalanick was driven out…

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Ford to boost investment in electric cars by 2022

Ford says it will boost its investment in electric vehicles to $ 11bn (£8bn) in the next five years, more than doubling a previous commitment. Chairman Bill Ford said the car maker would have 40 hybrid and fully electric vehicles in its range by 2022. It comes as countries around the world put more pressure on car makers to rein in carbon emissions. General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles. Speaking at the Detroit Auto Show on Sunday, Mr Ford said the…

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News: Israel sees tourism surge as investment pays dividends

According to the Israel Central Bureau of Statistics, the country welcomed 3,611,800 million tourist entries in 2017, up by a quarter on the previous year, and 29 per cent on 2015. A total of 290,000 tourist entries were recorded in December 2017, about 17 per cent more than December 2016 and 47 per cent more than December 2015. There were about 308,000 visitor entries in December (including day visitors). The United States remains the largest source country for incoming tourists, with 778,800 tourist entries in 2017, 20 per cent more…

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News: Bahrain claims US$13bn in tourism infrastructure investment

The Bahrain Economic Development Board has revealed investment in the country’s tourism infrastructure reached over US$ 13 billion in 2017. The figure covers 14 prominent projects that will further boost growth in the kingdom’s tourism and leisure sector. The sector witnessed rapid growth in the past year, with the total number of tourists visiting the Kingdom increasing by 12.8 per cent in the first nine months of 2017. The kingdom is also witnessing further enhancement to its tourism infrastructure to support this growth, which plays a significant role in Bahrain’s…

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Former PM takes on UK-China investment role

David Cameron is to take on a new official role leading a UK government investment initiative between Britain and China. The former prime minister will take charge of a £750m ($ 1bn) fund to improve ports, roads and rail networks between China and its trading partners. The government said the so-called Belt and Road Initiative would “create employment and boost trade links”. It comes after Chancellor Philip Hammond’s two-day trip to China. The Belt and Road Initiative was first unveiled in 2013, but this year China’s President Xi Jinping pledged…

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Victoria Beckham Raises $40 Million in Private Equity Investment

LONDON — Victoria Beckham (the luxury empire, not the woman) is about to get a whole lot bigger. After years of speculation that her fast-growing namesake fashion brand was a prime takeover target, it was announced on Monday that Ms. Beckham had received £30 million, or almost $ 40 million, from the private equity firm Neo Investment Partners in exchange for an undisclosed stake in the business. Ms. Beckham, who founded her line in 2008 alongside her husband David Beckham and the former Spice Girls manager Simon Fuller, said that…

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