AGA KHAN FINALISES NILE HOTEL TAKEOVER - 2004-02-13

Prince Amyn Aga khan, chairman of the Aga Khan Fund for Economic Development signed on behalf of TPS while Prof. Peter Kasenene signed on behalf of Government. The 30-year concession requires TPS to invest $18m in the refurbishment and upgrading of the hotel reopen in September 2005 as Kampala Serena hotel. We hope this initiative will advance tourism development in Uganda to spur to other investments. When it reopens, it will be a new concept,' Prince Aga Khan told reporters.