Resources to renovate its hotels in Bamako
The AFD subsidiary says it has also enabled the hotel group to raise 4 million euros from BIO, the Belgian investment company for developing countries. Proparco, a subsidiary of the French Development Agency dedicated to the private sector, announced the signing on September 28 of a loan of 16.4 million in favor of the Malian Société Générale d'Hôtellerie (SGH), a subsidiary of the West African group Azalaï Hotels, to finance the development of its infrastructures. The resources brought to Azalaï, founded by the entrepreneur Mossadeck Bally, will enable the hotel group to "renovate the most prestigious of its hotels in Bamako Le Salam (5 stars) and to build nearby a 3-star hotel with 100 rooms including a center conference ”, indicates the press release from Proparco.This project "will help develop and improve the hotel offer in Bamako, which is currently insufficient to meet the growing demand from regional business customers," explains the French agency, which also indicates that it has played a role in arranger with the Belgian development financial institution BIO, allowing SGH to raise an additional 4 million euros. Network launched in 1993, the Azalaï hotel chain has half a dozen hotels in West Africa today, including 4 in Bamako. Before the end of the year, two new establishments - in Nouakchott and Abidjan - will expand its network, which will then include eight hotels in six countries.