Kasada, the leading pan-African hotel investment platform, announced on August 6, 2025 the conclusion of a €15 million financing with the Africa Go Green Fund (AGG), managed by Cygnum Capital. This funding will support the construction of a sustainable hotel complex in Angré, the Ivorian economic capital. The project will include a 170-room hotel operated under an international brand from the Accor group, coworking spaces branded Wojo, as well as a dedicated space for MICE activities (Meetings, Incentives, Conferences and Exhibitions). This will be the first EDGE certified hotel in this rapidly growing area of Abidjan.
The aim of this initiative is twofold: on one hand, to meet the growing demand for accommodation and services in an underserved area; on the other hand, to contribute to a more sustainable urbanization through low-carbon footprint buildings. The hotel aims to reduce its energy and water consumption, while minimizing the environmental impact of the materials used. The entire project will be EDGE certified (Excellence in Design for Greater Efficiencies), an international standard for ecological construction.
For David Damiba, co-CEO and managing partner of Kasada, this project marks a new milestone in the group’s commitment to responsible hospitality. “We are excited to develop this EDGE certified hotel in Angré in partnership with AGG. Kasada is at the forefront of sustainable and innovative hospitality to address the unmet demand in the Abidjan market. We are investing in eco-energy infrastructure to reduce greenhouse gas emissions, which will allow the hotel, once open, to demonstrate measurable environmental gains while having an economic impact.”
On the Africa Go Green Fund side, Laurène Aigrain, its CEO, emphasizes the strategic importance of this partnership: “AGG is proud to support this project, which will have a significant impact on local economic development. This collaboration reinforces our ambition to finance green buildings that combine profitability and sustainability. By investing in such projects, AGG demonstrates its commitment to creating sustainable value for communities, the environment, and investors.”
The Abidjan project strengthens Kasada’s presence in the Ivorian market, bringing the number of its establishments in the capital to five. Founded in 2018 with the support of Accor and the Qatar Investment Authority, the private equity platform Kasada now manages a portfolio of 20 hotels spread across seven African jurisdictions, through its Kasada Hospitality Fund LP, endowed with over $500 million.
