TPSEAL 2010 Financial Results. - Serena Hotels
TPSEAL 2010 Financial Results. - Serena Hotels
TPSEAL 2010 Financial Results. - Serena Hotels
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The Managing Director’s Report (continued)<br />
commodity prices, Management is cautiously<br />
optimistic and confident that, with our tested<br />
and highly successful business model, the<br />
Company will be insulated to the extent<br />
possible from factors beyond Management’s<br />
control.<br />
I wish to recognize and thank the Governments<br />
within East Africa for the commendable<br />
efforts which were aimed at returning the<br />
Countries within the East African Region to<br />
the path of economic recovery. I would like<br />
to appeal to the Governments within the<br />
East African Region to provide the Tourism<br />
Industry with an enabling environment and<br />
to commit adequate funds for destination<br />
marketing. I would also appeal to them to<br />
ensure that new developments in the fragile<br />
eco-systems in game reserves and National<br />
Parks are controlled, that infrastructure<br />
improvements are implemented at a faster<br />
pace and that political stability and security<br />
are enhanced to restore confidence to the<br />
citizens, travelers and investors.<br />
Finally, may I, on behalf of the Staff and<br />
Management, express our gratitude and<br />
sincere appreciation to the Board of Directors<br />
for their guidance, diligent and invaluable<br />
support and encouragement during the year<br />
<strong>2010</strong>. I also wish to express my gratitude<br />
to the shareholders, customers and various<br />
stakeholders for their continued support in<br />
the year gone by. We in <strong>Serena</strong> look forward<br />
to this continued support during the year<br />
2011.<br />
Mahmud Jan Mohamed<br />
Managing Director<br />
Wildlife at Kirawira Luxury Tented Camp in Western Serengeti<br />
20 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS <strong>2010</strong>