State tourism agency to fund innovative projects up to Sh100mBy Patrick AlushulaShare this story:According to TFC, a tourism-specialised development financial institution, the investors looking for the funds will be required to establish joint innovation projects and apply for funding.PHOTO: COURTESYTourism Finance Corporation (TFC) is offering debt financing of up to Sh100 million to investors who want to initiate innovative tourism projects. According to TFC, a tourism-specialised development financial institution, the investors looking for the funds will be required to establish joint innovation projects and apply for funding. “The funding is primarily focused on developing innovative products, services and concepts that are beneficial for the tourism sector,” said TFC in an advert yesterday. Others potential initiatives that stand to benefit from the funding are public-private partnership projects at commercial plots in Mombasa and Nairobi. The aim of the funding, TFC said, is to help attract more tourists to the destination through diverse tourism products.

Source: Standard Digital February 10, 2017 21:00 UTC