AICC loses Sh 1.8 billion a year after departure of major tenants – News

Arusha. The Arusha International Conference Center (AICC) loses about 1.8 billion shillings a year after the departure of some key tenants from the institution.

More than one third of the 23,000 square meters of the public establishment is empty following the recent dissolution of the International Criminal Tribunal for Rwanda (ICTR).

Some rooms in the historic building have also been vacated after another key tenant since the 1990s, the East African Community (EAC) headquarters. "Filling the 8,500 square meters of vacant offices by the ICTR, EAC and other tenants is part of our challenges," said a report presented at a recent annual general meeting.

The report, obtained by The Citizen, did not mention any other tenants who retired but stated that the loss of income amounting to 1.8 billion shillings a year was worrying.

The UN Tribunal, which had operated since its inception in the mid-1990s, was the largest tenant occupying two of the three blocks. It closed in December 2015. The CAE built and moved into its headquarters in November 2012, although some units and departments of the regional organization are still operating from the adjacent convention center

. decrease in annual income during the year ending June 30 last year compared to the previous year.

During the period (2016/2017), the center gained Sh 14.4 billion compared to Sh 14.6 billion and Sh 17.3 billion This decline in revenue is mainly due to the decline in office revenue and conferences that were mainly related to the offices vacated by the United Nations ICTR which has completed its activities.

The decline in revenues was also attributed to the decrease in the number of conferences as well as the fluctuation of the functional currency.

AICC, which also owns Julius Nyerere Internati The onal convention center in Dar es Salaam hosted 354 events in 2016/2017 in both centers, attracting 66,732 delegates.

In addition to the offices rented at its headquarters, the center managed 627 rented dwellings, 48 ​​apartments, a 32-bed hospital in Arusha and undeveloped land in the city.