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TPS Dar es Salaam

TPS Dar es Salaam is a tourism and hotel company which from 1 December 2011 took over ownership of the former Mövenpick Royal Palm Hotel in Dar es Salaam (232 rooms).

The majority of the company is owned by the Aga Khan Fund for Economic Development (AKFED) and is managed and marketed under the Serena brand. Besides Norfund, our French sister organization Proparco has invested in the company. The investment will help to ensure that tourism can grow and develop through a quality product in Tanzania and represents a springboard for increased activity in the southern part of Tanzania.

Facts

  • Sector: Tourism
  • Investment year: 2011
  • Instrument: Equity and loan
  • Committed amount (MNOK): 62,1