Home
FacebookTwitterSearchMenu
  • Subscribe (free)
  • Subscribe (free)
  • News
  • Features
  • TravelInfo
  • Columns
  • Community
  • Sponsored
  • Contact Us
    • Contact Us
    • About Us
    • Advertise
    • Send Us News

Share

  • Facebook
  • Twitter
  • LinkedIn
  • E-mail
  • Print

Minor expands investment in Mozambique

21 Sep 2016
Comments | 0

MINOR International

(MINT) has acquired

a 49% stake in

Rani Minor Holding, which

owns a hotel and mixeduse

development project in

Maputo, Mozambique.

The project comprises a

154-room Radisson Blu Hotel,

which is currently operational,

a 187-room residential tower

and 21-storey office tower,

both of which are under

construction.

The project is located five

minutes from the Maputo

CBD, facing the Maputo Bay.

The project is the

fifth property of MINT

in collaboration with

Rani Investment LLC in

Mozambique, since the

announcement of the 25%

investment in Anantara

Bazaruto Island Resort

and Spa, and another

three properties that will

be rebranded into AVANI

Pemba Beach Hotel and Spa,

Anantara Medjumbe and

Anantara Matemo Island.

William Heinecke, chairman

and group ceo of MINT, said:

“This strategic partnership

with Rani Investment

completes our expansion

in Mozambique. With our

presence in Maputo, we

now have investments from

the north all the way to the

south of Mozambique. The

investment reiterates our

confidence in the growth

prospects of Africa, and the

confidence in our partner, Rani

Investment.”

MINT recently entered

a partnership with Sun

International that will see the

group take stakes in eight of

Sun International’s hotels in

Botswana, Lesotho, Namibia,

Swaziland and Zambia, at a

cost of US$63,9 (R699m). 

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.

Cape and Sandton fuel Southern Sun growth

22 May 2025
Comments | 0

Slashed NGO funding threatens business events

27 Feb 2025
Comments | 0

CemAir inks interline agreement with AF-KLM

27 Feb 2025
Comments | 0

Viva Cruises - a fresh, relaxed style of river cruising

27 Feb 2025
Comments | 0

Proflight Zambia ups LVI-LUN frequency

27 Feb 2025
Comments | 0

Feature: Cruises International: A bouquet of once-in-a-lifetime experiences

27 Feb 2025
Comments | 0

Complete Travelinfo’s BP workshop, win flights

27 Feb 2025
Comments | 0

Air travel round up: SAS expands codeshare with Air France-KLM

27 Feb 2025
Comments | 0

Latest Changes on Travelinfo (27Feb25)

27 Feb 2025
Comments | 0

Delta and United vie for flexible SA schedules

26 Feb 2025
Comments | 0

4Z and QR link loyalty programmes

26 Feb 2025
Comments | 0

Aviation weather service website back online

26 Feb 2025
Comments | 0

Acsa battles for baggage screening control

26 Feb 2025
Comments | 0
  • Load more

FeatureClick to view

Africa May 2025

Poll

Which countries are the best at issuing tourist visas?
  • © Now Media
  • Privacy Policy
  • Travel News on Facebook
  • eTNW Twitter
  • Travel News RSS
  • Contact Us
  • About Us
  • Advertise
  • Send Us News