As Uganda prepares to host the common wealth summit in 2007, after Malta in 2006, the Minister of Tourism has encouraged investors to allocate more resources in the hotel industry.

He said this while Celebration the first anniversary of Ultra Modern Lindsay cottages in Lubowa. The minister said that the country needs more classic facilities to accommodate the large number of participants from all over the world at the summit.
He added that fair treatment of the visiting delegates would not only represent Uganda as a country of international repute but will also boost its foreign exchange.
The cottages are said to have been established to cater for ministerial and corporate conferences and honey moon accommodations. The luxuriuos apartments overseeing lake Victoria boost of modern gym, sauna , steam bath and swimming pool. The prices for honey moon suites range from USD 100-250 per night.
When asked a comment from the Director of Hotels in Uganda , he said the prices are fair enough given the modern facilities in the Cottages.

KIGALI — South African-based Rwandan tycoon, Mr. Miko Rwayitare has acquired an 89% stake in Kigali’s Hotel des Milles Collines.

Milles Collines is one of Kigali’s up-market hotels, made famous by the Hollywood film, Hotel Rwanda.

Eleven years ago, the hotel was a safe haven for Tutsis hiding from marauding killers known as Interahamwe, responsible for the extermination of over 800,000 people.

Miko, 62, who also owns a string of other properties in Kigali, took ownership of the hotel from Belgian Sabena Hotels through his company, MIKCOR Holdings, at a cost of US$3.2m.

Last week, the tycoon who made his fortune as a telecoms operator, sealed the deal to acquire the hotel with representatives of Sabena in Kigali at the hotel.

Miko told guests he would use his expertise as a hotelier and owner of two five-star hotels in South Africa, to rehabilitate and put Mille Collines on world standards.

“My priority is to build capacity, rehabilitating rooms and refurbishing the entrance and general services,” he said.

Other share holders in the venture include the government with 8.5% and the Rwanda Development Bank (BRD) with 2.5%.

Under the deal, MIKCOR Holdings will inject Rwf 4bn (about $7.07m) into both the hotel and his real estate business. Besides, he intends to acquire a 33% stake in CogeBanque, a local private commercial bank.

Sabena hotels was part of the defunct Belgian airlines company which operated routes in Kigali. The airline has since reincarnated into SN Brussels.