Pan-African hospitality platform Kasada has secured a €15 million ($17.6 million) debt facility from the Africa Go Green Fund to finance a climate-aligned hotel development in Abidjan, Côte d’Ivoire. The deal highlights how climate-focused private credit is being deployed to scale commercially viable, low-carbon infrastructure across African cities.
The project, located in the fast-growing district of Angré, will include a 170-room hotel, co-working spaces under Kasada’s Wojo brand, and a venue for meetings, conferences, and exhibitions. It will be the first internationally branded hotel in the district and one of the few in the city designed to meet EDGE, or Excellence in Design for Greater Efficiencies, the certification standards for energy and resource efficiency of the International Finance Corp.
“We are excited to partner with the AGG Fund to finance our latest development in Abidjan,” said Kasada’s David Damiba. “This EDGE-certified project demonstrates our commitment to reducing electricity and water consumption and embodied carbon use across our portfolio.”
Climate-focused private credit
Backed by the Qatar Investment Authority and global hospitality company Accor, Kasada operates 20 hotels across seven African countries and is increasingly integrating climate-resilient infrastructure and business productivity spaces into its hospitality footprint. Kasada’s previous EDGE-certified Abidjan assets cut energy use by as much as 38%, water consumption by up to 28%, and CO2 emissions by more than 580 tons annually.
The Africa Go Green Fund is managed by Cygnum Capital and backed by KfW, IFC, the African Development Bank, British International Investment, and others. The fund has committed more than $160 million toward decarbonization projects across Africa, including energy-efficient buildings, clean transport, and industrial systems.
The investment aligns with AGG’s “strategy to support the development of buildings that are profitable, sustainable, and impactful,” said Laurène Aigrain of Africa Go Green Fund.
