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HTI Consulting wins Top Services Group of the Year at 2020 API Awards



HTI Consulting CEO, Wayne Troughton (Source: HTI Consulting)

Leading hospitality and tourism consultancy, HTI Consulting received an API Award for Top Services Group of the Year, from the API (African Property Investments) Virtual Summit that took place recently.

The API Awards, established to recognise and promote excellence in Africa’s rising real estate sector, are a critical benchmark for measuring success in the industry. The awards provide peer recognition for the world-class work and services being undertaken by those developers, professional teams, consultants, suppliers and property owners who shape the African built environment landscape.

“This year’s API Awards took place virtually and were adapted to not only recognise special achievements, but also to celebrate individuals and companies who went above and beyond to support their clients and customers in an extremely challenging environment. Given the negative impact the pandemic had on the hospitality sector, It was especially inspiring to see HTI Consulting awarded Top Property Services Group, and goes to show the extraordinary efforts Wayne and his team, have undertaken to provide invaluable support and service to their industry,” said Kfir Russin, MD of API Events.

Wayne Troughton, CEO of HTI Consulting, commenting on this achievement said, “Winning the Top Services Group of the Year Award is tremendously important to us and we’re honoured to accept it,” he said. “We are committed to furthering API’s aim to push the boundaries of excellence in African property development and will continue to leverage management best practices and years of knowledge and expertise to support our clients and respond to the needs of the continent.”

HTI Consulting is Africa’s largest homegrown hospitality and brokerage company, proving in-depth analysis and specialist expertise to hotel owners, developers, operators, investors and institutional clients, such as banks and funds. For the past 17 years the firm has worked on over 500 assignments in 50 countries in Africa, and has been instrumental in facilitating numerous hotel developments across the length and breadth of the continent.

“This year, the awards placed special emphasis on how companies were adapting to the Covid-19 pandemic by maintaining and streamlining operations, employing innovative strategies and always putting the needs of their clients first. As such we’ll ensure we continue to assist in championing the improvement of development standards and global best practices in the African hotel and real estate,” said Troughton.

In the last 2 years HTI Consulting has advised owners on the signing of 17 management contracts with large hotel operators including, Marriott, Hilton, Radisson, Hyatt, Minor Hotels, Accor, Best Western, Sarovar and more.


In 2019 HTI Consulting was responsible for the implementation of 44 feasibility/market studies, 7 management contracts, 11 due diligences for banks, 3 finance raising assignments, with loans disbursed on the Best Western Vib Hotel in Cape Town and the Onomo Hotels in Kigali and Kampala, 3 brokerage assignments and 4 valuations. At the end of 2018 the team sold the Four Points Sheraton in Lagos, in what represented the largest single hotel transaction to ever take place in Nigeria.

HTI Consulting have also worked on numerous landmark deals including the Marriott Melrose Arch, Radisson Red Cape Town, Hilton Garden Inn Swaziland, Sun Square and Stay Easy Cape Town, as well as AC by Marriott Cape Town.

”We have been working with HTI since 2013,” comments Mark Noble, Development Director for the V&A Waterfront, Cape Town. “They’ve assisted us with a number of hotel development projects and been incredibly professional. They are prepared to go the extra mile to deliver real value to a project –  and we congratulate them on their award!”

 “HTI has been a key partner of our Group for over 5 years,” says Julien Renaud, Development Director, ONOMO Hotels. “We appreciate their market knowledge, vast network and tailor-made approach. They’re quick, efficient, and always available to provide creative solutions for their clients.”  

Osbourne Majuru, CEO, Cresta Hotels says,“We’ve worked with HTI Consulting on a number of key investment projects and have found their outputs and analysis to be of the highest quality. HTI adopt a client-driven, practical approach and are always very responsive and flexible. They continue to be pro-active in sourcing opportunities for us through their network of hotel owners, developers and investors in Africa.”

“We attribute our success today to our desire to nurture long-term business relationships with our clients and provide tailored, results-orientated solutions for every stage of an organisation’s development,” states Troughton. “We believe in adopting a thorough, comprehensiveness approach and a fine attention to detail on every project we embark on,” he says. “Our commitment to providing valuable, unique information and exposure to business opportunities means we continue to uncover areas of potential and provide key development and management advice to our clients, even after the completion of projects.”

Issued by HTI Consulting

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CEO Corner

AVCA Board appoints Abi Mustapha-Maduakor as CEO



AVCA CEO, Abi Mustapha-Maduakor (Source: AVCA)

AVCA: The Board of Directors of the African Private Equity and Venture Capital Association (AVCA) is delighted to announce the appointment of Abi Mustapha-Maduakor as Chief Executive Officer (CEO).

Ms Mustapha-Maduakor joins AVCA from MedAccess, a subsidiary of CDC Group, where she was Head of Business Operations and Finance, overseeing financial and risk management, strategy implementation, and organisational development.

During her tenure as AVCA’s Chief Operating Officer from 2016 to 2019, Abi played an integral role in driving the Association’s strategy, prioritising knowledge exchange and digitisation. Under her leadership, the Association strengthened focus on data and pioneering research, professional development support for private equity stakeholders, and strategic regional partnerships, all of which grew the membership to around 150 investors collectively managing US$1.5trn in assets.

The appointment follows an extensive global search led by the Board.

Abi will take up the position on 1 February 2021, and there will be a transition period with interim CEO, Dara Owoyemi, until her departure.

‘Tokunboh Ishmael, Chair of the Board, said: “After a rigorous process, it was clear to the selection committee that Abi is the right leader for this chapter in AVCA’s life. Her knowledge of the African investment landscape, advocacy, business strategy and risk management will be instrumental in her role leading the Association through its next phase and transformation, as investors and portfolio companies navigate various social, economic, political and institutional challenges. On behalf of the Board, I would like to thank Dara Owoyemi for her immense support and guidance as we searched for a permanent CEO.”

Abi brings several years of finance and banking experience to the role. Previously, she was Special Adviser on private sector development to the Minister of Industry, Trade and Investment in Nigeria. She also held leadership positions at Royal Bank of Scotland, Lloyds Banking Group and EY.

Commenting on her appointment, Ms Mustapha-Maduakor said: “It is an honour to be appointed as CEO during this time of tremendous change in the global economy. As the Association’s new leader, my priority will be to build on the success of the past 20 years and transform AVCA into a conduit for diverse and varied sources of private investment in Africa. I look forward to working with the Board and team to deliver first-class member services, putting digital transformation, smart data and collaboration at the heart of our work.”A



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Press Release

Novarick Appoints Otonye Lolomari as Non-Executive Director



L-R: Non-Executive Director, Otonye Lolomari and Chief Executive Officer, Noah Ibrahim, both of Novarick Homes and Properties during the official presentation in Lekki, Lagos.

Novarick Homes and Properties Board of Directors has approved the appointment of Mr. Otonye Tony Lolomari as a Non-Executive Director. This takes effect from 21 of January, as the company is driven to reposition its management and business development for sustainable growth.

Lolomari brings over 24 years of industry experience which includes his position as a director of ICE Commercial Power in 2018, then moved to Chevron, Husky Energy and Schlumberger in Trinidad before joining the Novarick team. He also worked with leading companies and experts in different Continents like Europe, Africa and the USA.

According to Noah Ibrahim, CEO Novarick Homes, the new affiliation will position the company to make better decisions and propel the brand to a greater height. “We intend to continue collaborating with top professional within and outside our industry to achieve a well-rounded organization”, he noted.

Prior to his appointment, Lolomari has contributed and rendered supports in various forms to the goals and objectives of Novarick. The strong passion for inclusion, experimentation and empowerment drives his career towards a distinguished level of proficiency.

Furthermore, Novarick Homes operates other subsidiaries in segments like Property Development, Property Investment, Property Procurement & Advisory, Joint Ventures and Facility Management. The company is also working actively to achieve number 7, 9 and 11 of the 17 World Sustainable Development Goals.

Over the years, the firm has provided green, sustainable and smart real estate solutions using clean and renewable energy. Some major on-going projects include the Ruby Apartments, Nova Gardens and WAZOBIA Courts, all in Lagos State.

Novarick Homes and Properties is a fast-rising real estate development firm which was incorporated in 2018 and based in Lagos. The company is also focused on bridging the housing gap by building affordable and eco-friendly communities in Nigeria.


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Qatar Airways Expands Africa Network with Increase in Flight Frequencies



Qatar Airways Aircraft (Source: YouTube)

Cape Town, Casablanca and Tunis will increase to five weekly flights, while Johannesburg will increase to 18 weekly flights, offering passengers more flexible and reliable travel options

Airline’s young mixed fleet of sustainable aircraft has enabled it to continue flying throughout the pandemic and rebuild its global network to more than 800 weekly flights to over 120 destinations via the Best Airport in the Middle East

Qatar Airways continues to be the leading global carrier connecting Africa, operating one of the largest and most reliable networks in the region. Having become the largest international carrier during the early stages of the pandemic, the airline has applied its unrivalled knowledge of global passenger flows and booking trends to rebuild its Africa network to 23 destinations and more than 100 weekly flights.

Qatar Airways Group Chief Executive His Excellency Mr. Akbar Al Baker, said: “We are proud to be the leading international carrier connecting Africa with Asia-Pacific, Europe, the Middle East and the U.S., offering more flexible travel options and a global network of flights that passengers, trade and business partners can rely on. Having launched three new destinations in Africa with Abuja, Accra and Luanda joining our network in 2020, we continue to demonstrate our commitment to the region by adding new routes and steadily increasing frequencies across the continent. With the resumption of Alexandria and Cairo, we will operate over 100 weekly flights to and from Africa with connections via the Best Airport in the Middle East, Hamad International Airport, to our global network of over 120 destinations. As global travel recovers in 2021, we look forward to further expanding our network and offering more connections to and from Africa.”

In line with the airline’s steady rebuild of its Africa network, Qatar Airways plans to increase frequencies to the following destinations:

  • Alexandria (two weekly flights resumed 25 January)
  • Cairo (up to 16 weekly flights resumed 18 January)
  • Cape Town (increasing to five weekly flights from 1 February)
  • Casablanca (increased to five weekly flights from 21 January)
  • Durban (increasing to three weekly flights from 14 February)
  • Johannesburg (increasing to 18 weekly flights from 26 January)
  • Maputo (increasing to three weekly flights from 14 February)
  • Tunis (increased to five weekly flights from 24 January)

The national carrier of the State of Qatar continues to rebuild its network, which currently stands at over 120 destinations with plans to increase to over 130 by the end of March 2021.

Qatar Airways has become the first global airline in the world to achieve the prestigious 5-Star COVID-19 Airline Safety Rating by international air transport rating organisation, Skytrax. This follows HIA’s recent success as the first airport in the Middle East and Asia to be awarded a Skytrax 5-Star COVID-19 Airport Safety Rating. These recognitions provides assurance to passengers across the world that airline health and safety standards are subject to the highest possible standards of professional, independent scrutiny and assessment. For full details of all the measures that have been implemented onboard and in HIA, please visit

Passengers can book flights with peace of mind, knowing that Qatar Airways offers unlimited date changes and fee-free refunds for all tickets issued before 30 April 2021, for travel completed by 31 December 2021. The carrier’s industry-leading flexible booking policy also provides the permanent feature of exchanging tickets for a travel voucher with 10% additional value for all customers booking travel via For full terms and conditions visit

A multiple award-winning airline, Qatar Airways was named ‘World’s Best Airline’ by the 2019 World Airline Awards, managed by Skytrax. It was also named ‘Best Airline in the Middle East’, ‘World’s Best Business Class’, and ‘Best Business Class Seat’, in recognition of its ground-breaking Business Class experience, Qsuite. The Qsuite seat layout is a 1-2-1 configuration, providing passengers with the most spacious, fully private, comfortable and social distanced Business Class product in the sky. Qsuite is available on flights to more than 45 destinations including Kuala Lumpur, London, Melbourne and New York. It is the only airline to have been awarded the coveted ‘Skytrax Airline of the Year’ title, which is recognised as the pinnacle of excellence in the airline industry, five times.

Issued by Qatar Airways


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