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Sharing the Serena Story: Investing in Kigali (Rwanda)- Rwanda reaps big from Serena, RwandAir

Article by: The New Times

The study found that Serena Hotel had paid the Government close to US$16 million in a period of five years, in concession fees, VAT, employee income tax, social security, corporate tax and district tax.

Although the hotel is managed by Kenyan investors, the study found that there was only a handful of expatriate staff and 89 per cent of the wages and salaries were paid to local Rwandans who spent 70 per cent of their take-home pay on food, housing and education.

The study also found that Serena Hotel had invested in cultivating local supplier networks with indigenous small and medium enterprises (SMEs), in the process promoting private sector development in Rwanda.

For instance, local sourcing of fresh fruit and vegetables alone by Kigali Serena Hotel, the study found, had created some 177 jobs.

The success of Kigali Serena Hotel has since inspired a number of investments from the private sector which has boosted the performance of Rwanda’s service sector. Read more ....

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