Afreximbank funds $30m. for Silversands Hotel expansion in Grenada

CAIRO, EGYPT – African Export – Import Bank (Afreximbank) has approved a US$ 30 million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of ORA Developers, for the expansion of Silversands Hotel in St. Georges, Grenada.

Silversands Hotel is part of a luxury chain of hotels owned by ORA Developers, an Egyptian firm renowned for designing and developing luxury lifestyle destinations in unique locations around the world. Grenada is a major touristic hub, that...