IFC backs Kasada Capital to support the hospitality sector in Sub-Saharan Africa

SSA – 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 instill globally recognized ESG practices in its hotels. The first loan granted by IFC, in collaboration with…

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Accor appoints Daniel Karbownik as supervisor for Côte d’Ivoire and GM for Sofitel Abidjan – Hôtel Ivoire

COTE DÍVOIRE – Accor, a French multinational hospitality company, has announced the appointment of Daniel Karbownik, its Regional Director for West and Central Africa, as the supervisor for Côte d’Ivoire and the general management of the Sofitel Abidjan – Hôtel Ivoire. In this extended role, Daniel will supervise activities in Côte d’Ivoire but also in Senegal, Benin, Cameroon, and Equatorial Guinea. He will support the hotel teams on site and ensure the development of all Accor brands, around twenty hotels, present and future in the region. “I am delighted with…

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Accor signs three properties in Djibouti, grows Africa portfolio

DJIBOUTI – Global augmented hospitality group, Accor is expanding its footprint in Africa after signing a management agreement with Kamak Investment to manage its first properties in Djibouti. As part of its ongoing development strategy to expand its presence in sub-Saharan Africa, Accor is setting foot for the first time in Djibouti, with the launch of three hotels under three different brands, namely Pullman Living, Novotel and MGallery. The group is partnering with Kamaj Investments. Initially created as a real estate agency the founder, Houssein Mahamdoud Robleh diversified his business…

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Accor set to expand in Ethiopia with agreement for new Ibis Styles hotel

ETHIOPIA – Accor, a world-leading augmented hospitality group has signed a management agreement to open a new property under its design-led economy brand, Ibis Styles, in Ethiopia. It will be situated in a secluded location just off the city’s main thoroughfare, Bole Road, 1km from Addis Ababa Bole International Airport and close to corporate institutions and embassies. The property will appeal to regional and international business travellers seeking stylish and affordable accommodation. In a move that ramps up its ambitious development plans in Sub-Saharan Africa, the Group has partnered with…

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