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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/
9/2018 USD 2,794,760
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

Project description

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.

More information

Hotel Kenya