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Kasada Hospitality Fund Embarks On Hotel Projects

The fund announced projects in Kenya, South Africa and Cote d’Ivoire in 2023.

January 4, 2024

By Sneha Abraham
The IFC and Proparco have approved a combined loan of US$22 million to the Kasada Hospitality Fund to expand the Crowne Plaza hotel in the Upper Hill neighbourhood of Kenya’s capital city Nairobi.Kasada will use the financing to refurbish, modernise and expand the hotel, which it acquired in July 2022.

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