Transcorp to expand hotel and power investments in Nigeria

Transcorp Hilton, Abuja, Nigeria

Nigerian conglomerate Transcorp plans to invest around $110 million to expand its hotel network in Africa’s biggest economy as it seeks to tap into a growing market for business travellers, its chief executive said on Saturday.

New hotels are springing up across Africa, despite bureaucratic delays and poor infrastructure, to take advantage of an increasing number of tourists and business travellers, serving a growing middle class.

Read more: Transcorp to expand Nigerian hotel, power investments – CEO | Reuters.