• Short Summary

    President Jomo Kenyatta of Kenya reassured foreign investors when he opened a multi-million pound tourist hotel on the Kenyan coastline at Mombasa -- which is being rapidly developed into one of the world's major tourist centres.

  • Description

    President Jomo Kenyatta of Kenya reassured foreign investors when he opened a multi-million pound tourist hotel on the Kenyan coastline at Mombasa -- which is being rapidly developed into one of the world's major tourist centres.

    The hotel--the GBP2 1/2-million (Kenyan) Serena Beach Hotel, built in a traditional Swahili style -- has been financed largely by foreign funds through semi-official Kenyan Government agencies. One of its largest backers is the Aga Khan, who was represented at the ceremony on Friday (25 April) by one of his brothers, the Prince Amyn Aga Khan.

    But the President also warned against "exploiters" -- foreign investors who only wished to 'milk the country dry', he said. Foreign development in Kenya should not be speculative or indiscriminate, but properly planned with the co-operation of the Kenyan Government and in keeping with Kenyan culture and needs. Then, he said, they would be welcome and their interests would be protected by the Kenyan Government.

    The parent company which built the hotel is about one-third owned by the Kenya Tourist Development Corporation, a semi-official agency, and about two-thirds owned by a consortium of foreign and local businesses, including two airlines.

  • Tags

  • Data

    Film ID:
    VLVA8DBFZP28KX0PWTSMKPNZ569KQ
    Media URN:
    VLVA8DBFZP28KX0PWTSMKPNZ569KQ
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/04/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:21:00
    Time in/Out:
    /
    Canister:
    N/A

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