INVESTMENT NEWS

The college has now generated over KES 3 billion (US$23 million) in cumulative revenue by 2024.

APG Zambia, part of a global airline representation network with over 100 offices worldwide, will now be responsible for promoting and selling Fastjet flights between Zambia and Zimbabwe.

Ascott’s growth ambitions are closely aligned with regional initiatives such as Saudi Vision 2030 and the UAE’s D33 Economic Agenda, both of which prioritize tourism, urban development, and economic diversification.

The hotel’s interiors are crafted by renowned designer Andreas Neudahm, ensuring each of the 217 rooms and suites delivers a sophisticated retreat with modern flair.

Themed ‘Unlocking the Stay,’ the showcase aligned with Hilton’s global marketing platform and gave guests a chance to engage with flagship brands such as Conrad Hotels & Resorts, DoubleTree by Hilton, Hilton Garden Inn, and Hampton by Hilton.

Set on a scenic peninsula along the Red Sea, Soma Bay is a 2,500-acre resort community located approximately 45 kilometers south of Hurghada International Airport.

The Trendyol Go deal offers Uber immediate scale in a high-growth region, competing with rivals like DoorDash, which recently acquired Deliveroo to expand in Europe.

This latest funding round, backed by prominent investors including NEA, Accel, and Google Ventures, brings the company’s total funding to over US$2 billion and its valuation to more than US$7 billion.

The investment area alone spans 140,000 square meters and includes 12 restaurant buildings, four malls, five fountains, a theater, celebration square, extensive landscaping, and parking structures.