The hotel symbolises a collaboration with the International Finance Corporation (IFC) and the Commonwealth Development Corporation
(CDC) as partners, and the Tanzania Development Finance Corporation (TDFC) as a lender.
The Kula Fund is an affiliate of Commonwealth Development Corporation
, a development finance institution of the United Kingdom government.
The Acacia Fund, whose Chairman is the former Chief Executive of the East Africa Industries, Mr James Barrage Wanjui, boasts several high profile shareholders including the Commonwealth Development Corporation
(CDC), the German Investment and Development Company (DEG) and the Barclays Bank Kenya Limited.
5 million debt financing package from the Standard Bank London and the Commonwealth Development Corporation
together with a standby facility of US$5 million.
Other investors include the African Development Bank, the Commonwealth Development Corporation
, Germany s development finance company DEG and PROPARCO of France.
The UK Commonwealth Development Corporation
(CDC) is working with Tate & Lyle through Booker Tate, to establish the KShs 8bn ([pounds]88m) Busia Sugar Company which is expected to have an annual production of 100,000 tonnes.