Elgon Road Developments Co Ltd
Region and country of operations: Africa, Kenya
Jurisdiction of registration: Kenya
Business sector: Hotel
|Date of agreement||Finnfund’s financing||Share of project/
|Size of financing/
|12/2018||EUR 2,775,940||33%||EUR 8 327 820||Equity|
Date of agreements not disclosed: 2011, 2015, 2016
Environmental and social category: B
The project company is the owner of the 271 room Radisson Blu Hotel in the Upper Hill area in Nairobi. The hotel opened in 2015 and targets the large conference market and both the business and leisure travellers.
Main development impact
Radisson Hotel Group’s corporate responsibility policies and standards ensure proper mitigation of the environmental and social impacts and risks. The hotel employs 392 persons of which the number of jobs occupied by women is 135. The hotel employees are trained according to the values and operating procedures of Radisson Hotel Group.