AGA KHAN HANDED NILE HOTEL - 2004-02-05

Kenya-based Serena Promotion Services will take over Nile Hotel International Limited - effective February 11. The company, a subsidiary of The Aga Khan Fund for Economic Fund, recently won a 30-year concession to manage the hotel. The Minister of State for Privatisation, Prof. Peter Kasenene says government is hopeful that the concession will enhance the tourism industry.