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Projet SGH
Azalaï Group is the leading hotel chain in West Africa and has eight hotels in five countries. In Mali, PROPARCO is contributing to the refurbishment of Salam, a prestigious hotel, and to the construction of a 3-star hotel.
Client presentation
Société Générale d’Hôtellerie (SGH) is Mali’s main hotel company and a subsidiary of the West African group Azalaï Hôtels. Azalaï Group was set up in 1994 by Mr. Mossadeck Bally and is now the leading African hotel chain in the WAEMU, with its 8 hotels with a total capacity of over 700 rooms, in 5 WAEMU countries (Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau and Mali). In early 2016, it will open a 4* hotel with 200 rooms in Abidjan and a 4* hotel 135 rooms in Nouakchott. By 2018, the group will also open hotels in Senegal, Guinea and Niger.
Project description
Proparco’s financing will allow Azalaï to refurbish its most prestigious hotel, Le Salam (5*), and build a 3* hotel nearby with 100 rooms and comprising a conference center. This project will develop and improve hotel services in Bamako, which currently fall short of increasing demand from regional business clients. Proparco is also assisting Azalaï Hotels Group in the development of a hotel school (Chiaka Sidibé Hotel School).
Project impact
This operation will support the development of hotel services in Mali’s capital. It will create temporary jobs on the refurbishment and construction sites and permanent jobs in the new hotel. It will also contribute to boosting the local economy by the local sourcing of SGH’s supplies or food products. In addition, it will contribute to creating an attractive business environment for regional and international investments. The technical assistance project will train young people in hotel activities and will thereby strengthen youth employment in this sector.
28/09/2015
Date of signature of the project
Mali
Location
Financing tool
12 580 000 Euros
Amount of funding
Loan of EUR 12.4m and technical assistance of EUR 180,000
Financing details
SOCIETE GENERALE D'HOTELLERIE SA
Client
CES
The Chiaka Sidibé School