Tag Archives: Hotels

The Social Security and National Insurance Trust (SSNIT) has announced its discontinuation of the sale of the 60% shares in the four hotels. This comes after several labour unions announced their decision to embark on a nationwide strike following approval by the National Pensions and Regulatory Authority (NPRA) for SSNIT …

The Rock City Hotel has pulled out of its contentious offer to purchase 60% of Social Security and National Insurance Trust’s  (SSNIT) stake in four hotels. This comes after organised labour declared an indefinite strike action following the National Pensions Regulatory Authority’s (NPRA) approval giving clearance to SSNIT, to proceed …

The management of the Social Security and National Insurance Trust (SSNIT) has justified its decision to sell 60% of its stake in six hotels to a private investor. According to SSNIT, it intends to partner with a strategic investor to raise capital to invest in its hotels, and also assist …