In a landmark move for sustainable tourism, Kasada, the pan‑African hotel investment platform, has clinched a €15 million green debt facility from the Africa Go Green Fund (AGG), managed by Cygnum Capital. This financing will anchor the development of Abidjan’s first EDGE‑certified hotel in the fast-growing Angré district of Côte d’Ivoire.
The mixed‑use venue brings together a 170‑room hotel, inclusive Wojo‑brand co‑working spaces, and a modern MICE (Meetings, Incentives, Conferences, and Exhibitions) facility—aimed at addressing the growing demand for flexible business and hospitality services.
Elevating Ecotourism Standards in West Africa
By embedding energy‑efficient systems, water‑saving technologies, and low‑carbon construction materials, this development elevates hospitality design in the region. Such eco-centric infrastructure not only advances global ESG benchmarks but also offers measurable environmental benefits—lessening electricity and water use and reducing embodied carbon.
As one of Kasada’s key markets, Côte d’Ivoire now hosts five of its hotels—including those under the Pullman, Novotel, and Ibis brands—reinforcing the investor’s deepening footprint.
A Strategic Win for Kasada and AGG
David Damiba, Co‑CEO and Managing Partner at Kasada, spotlighted the project’s dual mission: commercial viability and environmental stewardship. He emphasized how the EDGE‑certified build underscores Kasada’s commitment to delivering sustainable hospitality solutions tailored to growing urban markets like Abidjan.
On the AGG side, Managing Director Laurène Aigrain described the funding as a high-impact initiative poised to bolster local economies while championing low‑impact infrastructure:“By investing in such developments, AGG continues to show its dedication to creating lasting value for communities, the environment, and investors.”
What It Means for Tourism in Abidjan and Beyond
- Eco-forward credentials: Leading with EDGE certification makes the project a beacon for green tourism in West Africa.
- Enhanced business appeal: The integrated hotel, co-working, and event spaces provide a modern package for business travelers and SMEs.
- Regional ecosystem impact: Sustainable construction here may establish a template for future hospitality projects across the continent.
- Elevation of urban districts: Angré, previously underserved, stands to gain significantly in both infrastructure and credibility, attracting more visitors and investments.
Looking Ahead
Kasada’s latest launch sets a powerful precedent for the hospitality industry across Africa: sustainable development can be lucrative, scalable, and transformative. As Abidjan gears up to welcome this eco-sophisticated facility, travelers, investors, and urban planners alike have a model worth watching—one where environmental responsibility and economic opportunity go hand in hand to redefine tourism in West Africa.
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