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African entrepreneur Jonas Schwarz Lausten reveals how Covid-19 is impacting his business

by Africa Key Partners / Thursday, 02 April 2020 / Published in Impact Investing

NELLY MURUNGI

Issued on: 27 MARCH 2020

Jonas Schwarz Lausten

Jonas Schwarz Lausten is the co-owner of Nordic Hotels, a collection of boutique hotels in Nigeria.

“It’s clear that Covid-19 has an impact on the hospitality and travel industry, both locally in Nigeria and internationally. The financial impact can easily be characterised as devastating.

“With more than 90% of companies having cancelled or postponed their international business travel and with the closure of international flights in and out of Nigeria, it’s clear that we are feeling the heat of the world-wide economic fallout due to Covid-19. We do hope, and somewhat expect, travelling to start normalising within the next four to six months.”

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