Private credit investor Norsad Capital has exited its investment in Protea Hotels Zambia.

Protea Hotels Zambia has grown from a single lodge into a portfolio of 11 hotels. Protea Hotels by Marriott, now part of Marriott International, is a prominent brand in Zambia’s hospitality sector.

Alice Zulu, investment director at Norsad Capital said: “Even amid tough times, we remained optimistic about the sector’s long term prospects, recognising its role in drivi...

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