Africa is currently witnessing a boom in urban investments; however, their nature differs significantly across different cities. Most of the investments are motivated by political – the city of Addis Ababa, for instance, which has grown and developed tremendously in the last twenty years, is witnessing a different urban vision, targeting mainly aesthetic, Ethiopian diaspora, and urban...
Amid the ongoing COVID-19 pandemic, the cancellation of flights by the Ethiopian Airlines Group has resulted in a decline of 35.5% in the number of international arrivals in the country, as reported by the JLL Hotels and Hospitality Group. The Ethiopian Airlines Group flies to more than 80 destinations worldwide from Addis Ababa, the Ethiopian Capital. The report emphasized that international visitors...
In 2017, Africa continued to attract investments, both regional and global which have seen the continent move closer to economic freedom. However, the fluctuating tourism index, shifts in currency and political events presented rewards and risks to hotel markets across Africa. West Africa in particular experienced positive changes as the world prices for oil started to recover. Meanwhile, some markets...
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