TPS Dar es Salaam

  • Region: Africa
  • Country: Tanzania
  • Sector: Tourism
  • Year: 2011
  • Domicile: Kenya
  • Instrument: Equity and loan
  • Commitment (MNOK) as of 31.12.2016: 58.5
  • Original Commitment (MNOK): 55.6

TPS Dar es Salaam is a hotel in Dar es Salaam (232 rooms) under the Serena brand. Norfund has provided 28.5% of the equity to allow for the acquisition and subsequent Serena branding of a hotel in Dar es Salaam.

The majority of the company is owned by the Aga Khan Fund for Economic Development (AKFED). Besides Norfund, our French sister organization Proparco has invested in the company. The investment contributes to the growth of tourism in Tanzania and represents a springboard for increased activity in the southern part of Tanzania.

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo