Emaar Hospitality Group Enters Sub-Saharan Africa and Partners With Kalyan Hospitality

Real Estate & Development

Partnership sees rebrand of Address Hotel 2 Février Lomé Togo

 

Emaar Hospitality Group, the hospitality and leisure business of Dubai-based Emaar Properties PJSC, in partnership with the Kalyan Group, has marked its expansion to Sub-Saharan Africa to operate Address Hotel 2 Février Lomé Togo, an iconic hotel set in the heart of the city, in the tallest building in Togo, and unrivalled in Sub-Saharan Africa.

Emaar

Address Hotel 2 Fevrier Lome Togo (exterior) (PRNewsfoto/Emaar Hospitality Group)

Only 7 km from the Lomé-Tokoin International Airport, which connects Togo to African cities, Europe and beyond, Address Hotel 2 Février Lomé Togo will be operated by Address Hotels + Resorts, the premium luxury brand of Emaar Hospitality Group, which will assume the management of the property shortly.

Located near the Monument of Independence, Address Hotel 2 Février Lomé Togowill welcome guests shortly following the rebranding of the property, first established in 1980. It will have 256 rooms & suites and 64 serviced apartments as well as themed restaurants, meeting venues and other amenities. Togo marks the sixth international destination for Address that has upcoming hotel projects in Saudi ArabiaEgyptTurkeyBahrain and The Maldives, in addition to new openings in the UAE.

Ashok Gupta, CEO of Kalyan Hospitality Development Togo SAU, and Founder and CEO of Kalyan Group, which owns the hotel, said: “Address Hotel 2 Février Lomé Togo is a prestigious asset in our real estate and hospitality investment portfolio; being entrusted by the Republic of Togo with what is widely regarded as the ‘Jewel of West Africa‘. It will add to the pride of Togo and serve as a referral point for the hotel industry.”

Olivier Harnisch, CEO of Emaar Hospitality Group, said: “Our agreement is a landmark in our expansion to Sub-Saharan Africa. We thank Ashok Gupta and the Togolese government for their support and opportunity to operate our first hotel and serviced residence project in Togo, a fascinating country with strong growth opportunities.”

Earlier known as Hôtel 2 Février, Address Hotel 2 Février Lomé Togo is set in a 30-storey tower, 102 metres high, offering spectacular views. With free WiFi, facilities including ballroom, congress hall and auditorium, luxury spa, open air swimming pool, concierge services and retail shops, it will be a refreshing getaway for business and leisure guests.

Economic transformation of Africa’s rural areas key to curtailing migration

World

On the occasion of International Migrants Day, December 18, the African Development Bank calls on African countries to reconstruct rural areas from zones of economic misery to zones of economic prosperity. This will in turn expand economic opportunities for African youth, leading to improvements in their lives, thereby stemming migration.

Greater economic opportunities will motivate African youth to stay on the continent and live a meaningful life.

More than ever before, Africa must rapidly modernize its agriculture and unlock its full potential.

According to Akinwumi Adesina, President of the African Development Bank, the future of Africa’s youth does not lie in migration to Europe, but in a prosperous Africa.

Addressing the challenges of food insecurity is critical in addressing the more complex issues of migration and displacement. Reducing intercommunal conflict over scarce resources such as water and pasture for animals is also key.

“This requires new agricultural innovations and transforming agriculture into a sector for creating wealth. We must make agriculture a really cool choice for young people,” said Akinwumi Adesina, President of the African Development Bank.

“Staple food processing and agro-allied industrial zones will transform rural Africa from zones of economic misery to zones of economic prosperity. These zones will also allow Africa to move into agro-industrialization and become a global player in feeding the world.”

Taking into account the large and increasing number of migrants in the world, the United Nations General Assembly on December 4, 2000, proclaimed December 18 International Migrants Day. Statistics from the United Nations indicate that more people are on the move than ever before, while each migrant has a unique story to tell about his or her journey.

This mass movement of people along dangerous routes globally inspired the theme of year’s International Migrants Day: “Safe Migration in a World on the Move”. The UN is calling on the world to come together to protect all migrants wherever they are – in countries of origin, transit or destination.

Speaking at the recently concluded 12th African Economic Conference of the African Development Bank, UNDP and UN Economic Commission for Africa in Addis AbabaDecember 4-6, 2017Richard Joseph, a Professor of International History and Politics at Northwestern University, observed how population growth in many African countries continue to exceed income flows.

“Out-migration in such circumstances becomes an option despite the appalling risks,” he noted.

Three challenges, a lack of economic opportunities, conflict, and extreme conditions brought about by climate change are key sources of fragility that often result in the forced migration of peoples desperately seeking alternatives.

President Adesina describes these factors as a ‘triangle of disaster’ that drive conflict and extreme violence, which in turn fan economic or forced migrations as reflected in rural-urban, intra-African or international migrations, leading to significant local and international challenges.

According to the UN, the challenges and difficulties of international migration require enhanced cooperation and collective action among countries and regions.

This is one of the reasons the Bank is accelerating investments to get younger commercial farmers and agribusiness entrepreneurs into agriculture. Already, the African Development Bank has launched a youth in agriculture initiative – ENABLE (Empowering Novel Agri-Business-Led Employment) Youth – to develop the next generation of “agripreneurs” for Africa. Over the next 10 years, the Bank will invest US $15 billionto develop new youth agriculture entrepreneurs.

The ENABLE Youth program has shown that with greater access to agribusiness enterprise, skills, and improved credit, youth can become a driving force of agricultural transformation in Africa, and stem the tide of rural and transatlantic youth migration.

Food security and rural development is interlinked with migration, fragility and resilience, said Khaled Sherif, the Bank’s Vice-President for Regional Development, Integration and Business Delivery. “We acknowledging that youth constitute the majority of African migrants, and for this reason, we have also implemented a Jobs for Youth in Africa Initiative. Our aim is to expand economic opportunities for male and female African youth, in order to create improvements in other aspects of their lives,” he said.

The goal of the African Development Bank’s US $24-billion Feed Africa Strategy is to make Africa self-sufficient in food production within 10 years, drive agro-industrial development, and make the continent competitive in global food and agriculture markets.

SOURCE African Development Bank (AfDB)