Pan-African hospitality investment platform, Kasada Capital Management, has closed a €15 million debt facility provided by the Africa Go Green Fund, managed by Cygnum Capital, for its greenfield hospitality development in Abidjan, Côte d’Ivoire – the first international branded hotel in the Angré area and Kasada’s fifth hotel in the city.

The hotel, which aims to be EDGE-certified, will feature 170 keys, co-working facilities under the Wojo brand, and a dedicated Meetings, Incentives, Conferences and Exhibitions (MICE) venue.

Throughout the development, Kasada is investing in energy-efficient infrastructure to mitigate greenhouse gas emissions, enabling the hotel, once operating, to reduce its electricity and water consumption and embodied carbon in materials.

The hotel is expected to attract regional business traffic, including Small and Medium Enterprises (SMEs) located in the area, while introducing Angré’s first EDGE-certified hotel.

In late May 2025, Kasada announced a €19.4 million sustainability-linked development and term loan via Nedbank Corporate and Investment Banking (CIB) for its energy-efficient Mövenpick Resort Lamantin Saly in Senegal.