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UAE- US$20 million OFID loan to benefit 1 6 million Kenyans

(MENAFN - Emirates News Agency (WAM)) VIENNA, 16th February, 2021 (WAM) The OPEC Fund for International Development (OFID) has signed a US$20 million public sector loan agreement with Kenya to increase regional connectivity, enhance trade and improve the socio-economic welfare of about 1.6 million people. The loan will finance the upgrading of the 90 km Samatar - Wajir Road, a part of the North and North-Eastern Development Initiative Programme. The programme will better connect Kenya s northern region to the rest of the country, improving an important 739 km corridor linking Isiolo in the north with Mandera in the northeast (at the border with Ethiopia).

Kenya enters Sh262 5 billion deal with IMF to fight Covid

Form 8 3 - The Vanguard Group, Inc : Alternative Credit Investments plc

DJ Form 8.3 - The Vanguard Group, Inc.: Alternative Credit Investments plc The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Alternative Credit Investments plc 16-Feb-2021 / 14:35

Travel News - Domestic travel will continue to aid recovery for hotels in 2021: JLL

Domestic travel will continue to aid recovery for hotels in 2021: JLL India’s hospitality industry witnessed a decline of 54.9% in Revenue Per Available Room (RevPAR) during January to December (CY 2020) as compared to CY 2019, according to JLL’s Hotel Momentum India (HMI) Q4 2020, a quarterly hospitality sector monitor. With the revival of domestic travel, emergence of recovery indicators has come to the rescue of the sector.  The recovery of the sector has been primarily driven by leisure ‘revenge travel’ during weekends, festival season, weddings and demand of food & beverage. Total number of signings in Q4 2020 stood at 45 hotels comprising of 4,326 keys, recording a decline of 43.6%, compared to the same period last year. International operators dominated signings over domestic operators with the ratio of 57:43 in terms of inventory volume.

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