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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>

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