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Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality investments in Sub-Saharan Africa, has announced that IFC will form a partnership with Kasada Hospitality Fund LP by providing senior loan financing to accelerate Kasada’s strategy of building a strong and resilient hotel portfolio across sub-Saharan Africa.
IFC will extend up to US$160 million of debt funding to Kasada, backing its plan to support the hospitality sector and instil globally recognised ESG practices in its hotels.
The first loan granted by IFC, in collaboration with Proparco as a parallel lender is to finance, on a long term basis, Kasada’s acquisition of eight Accor-managed hotels, run under the Pullman, Novotel and Ibis brands, in Abidjan, Ivory Coast (4 hotels); Dakar, Senegal (3 hotels); and Douala, Cameroon (1 hotel). Kasada completed this acquisition on December 31, 2020.
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Kasada Capital Management (ci-après Kasada), la plateforme d’investissement du groupe Kasada dédiée aux investissements dans l’hôtellerie en Afrique subsaharienne, annonce ce jour la signature d’un partenariat entre son fonds Kasada Hospitality Fund LP et la Société financière internationale1 (IFC) concernant la levée d’une dette senior visant à accélérer la constitution par Kasada d’un portefeuille hôtelier solide et résilient en Afrique subsaharienne.
IFC accordera jusqu’à 160 millions de dollars US de financement à Kasada pour son plan de soutien au secteur hôtelier et de mise en place dans ses établissements des pratiques ESG conformes aux standards internationnaux.
Redirecting to Kasada Secures Strategic Partnership With IFC to Support the Hospitality Sector in Sub-Saharan Africa
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