Stay Easy pays NAPSA $2.2mn dividend…
NAPSA has received a dividend of K21,990,327 (about US$2.2 million) from its wholly owned Levy Business Park Hotel, trading as Stay Easy Hotel in Lusaka.
Stay Easy Lusaka is a budget-friendly city central hotel in Zambia’s capital that’s an accommodation favorite for business and leisure.
In an exclusive interview with the Zambia Business Times, Stay Easy managing director Paul Norman said that the hotel’s overall performance was very good considering that it had less cost and a good occupancy.
NAPSA has received a dividend of K21,990,327 (about US$2.2 million) from its wholly owned Levy Business Park Hotel, trading as Stay Easy Hotel in Lusaka.
Stay Easy Lusaka is a budget-friendly city central hotel in Zambia’s capital that’s an accommodation favorite for business and leisure.
In an exclusive interview with the Zambia Business Times, Stay Easy managing director Paul Norman said that the hotel’s overall performance was very good considering that it had less cost and a good occupancy.
Norman said that the hotel is offering excellent customer service levels as its strategy to drive revenue generation knowing fully that that’s the main key because a hotel would want its guests to return and it’s only by offering them good services that they will do so.
NAPSA has received a dividend of K21,990,327 (about US$2.2 million) from its wholly owned Levy Business Park Hotel, trading as Stay Easy Hotel in Lusaka.
Stay Easy Lusaka is a budget-friendly city central hotel in Zambia’s capital that’s an accommodation favorite for business and leisure.
In an exclusive interview with the Zambia Business Times, Stay Easy managing director Paul Norman said that the hotel’s overall performance was very good considering that it had less cost and a good occupancy.
Norman said that the hotel is offering excellent customer service levels as its strategy to drive revenue generation knowing fully that that’s the main key because a hotel would want its guests to return and it’s only by offering them good services that they will do so.
“Stay Easy hotel makes sure there is control, good general controls at all levels, starting from the junior staff who use the products, to the senior staff who sign the orders,” Norman said.
Norman further disclosed that good service levels and consistency is what distinguishes Stay Easy Hotel from every other hotel and that the management team looks forward to growing the percentage of clients in the years to come.
Meanwhile, the National Pension Scheme Authority (NAPSA) has continued to register positive gains from its diversified investment portfolio as evidenced by the returns the authority has continued to receive from its investments.
Speaking on behalf of the stakeholders when receiving the dividend cheque, NAPSA director general Yollard Kachinda attributed the positive growth of the investment portfolio to NAPSA’s prudent management of the workers’ contributions in line with the investment guidelines.
He said NAPSA remains optimistic about the outlook of its investments in the hospitality industry and Stay Easy Hotel is one such great success story in its quest to grow the pension fund for the benefit of its members.
And the director general assured all employees contributing to the scheme that the authority will continue to protect the welfare of the citizens through prudent management of workers’ contributions by ensuring that the choice of investments will be that which brings meaningful benefits to the owners of the money - the workers.
He said that all members that NAPSA will plough back this money that it is receiving in other high yielding assets and best performing fixed income securities in line with its fiduciary role in pension administration.
NAPSA will continue to carefully select its investments to maintain a financially sustainable scheme for the workers of this country who are its major stakeholders.