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Firm steps Kenya must take to revamp tourism

Firm steps Kenya must take to revamp tourism Wednesday May 26 2021 By BUSINESS DAILY Summary The Tourism Finance Corporation (TFC) announced Monday that hotels ravaged by the coronavirus crisis are accessing cheap loans of up to Sh50 million. This is good news for the sector that has been pushed to its knees by the pandemic with thousands of jobs shed and livelihoods lost. The disbursement of State-backed Covid-19 recovery funds to investors in the tourism industry is timely and should be hastened to help this key sector back on its feet ahead of the peak June, July, August and September season.

How hotels will share Covid funds

How hotels will share Covid funds Summary Hotels ravaged by the coronavirus crisis will under the scheme access cheap loans at interest rate of five percent and upto Sh50 million. A hundred hotel establishments have already applied for the loans that will run for 10 years, with borrowers expected to start repaying the debt after two years. Tuesday May 25 2021 By BRIAN NGUGI Summary Hotels ravaged by the coronavirus crisis will under the scheme access cheap loans at interest rate of five percent and upto Sh50 million. A hundred hotel establishments have already applied for the loans that will run for 10 years, with borrowers expected to start repaying the debt after two years.

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