British International Investment

Onomo Hotels

AfricaConstruction & Real estate

Established in 2009, ONOMO Hotels is a Casablanca-headquartered hotel group targeting African business travellers.

The company currently operates ten hotels across Africa located in South Africa, Togo, Mali, Guinea, Côte d’Ivoire, Senegal, Gabon and Rwanda. It plans to open nine new hotels in Morocco, Cameroon, Mozambique and Uganda by the end of 2019.

This investment was made when British International Investment was named CDC Group.

We have now exited this investment. This is what we achieved.

Achieved impact

This information will appear shortly

Expected impact

In 2017, CDC invested €46 million in ONOMO Hotels.

Our investment was part of a €106 million fundraising alongside Batipart, the current owner of ONOMO, a family firm with a 30-year track record of real estate investments, and CIC Capital, the international private equity investment arm of Credit Mutuel CM11 Group, the French banking and insurance group.

We invested to finance the development of greenfield hotels and hotel acquisitions across Africa.

We exited our equity stake in 2021 and remain as a lender to African Hotel Development Luxembourg SAS.

Many African countries suffer from a lack of affordable, and good quality branded hotel accommodation which caters for business travellers.

ONOMO will use the capital to grow its portfolio to more than 20 hotels by 2022, particularly in more challenging regions, helping improve ‘business infrastructure’.

Our investment will stimulate regional business travel, generate foreign revenue, and create permanent good quality jobs across Africa.

As the continent sees growing levels of business activity, it will need more mid-market business hotels to unlock its full economic potential.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    June 2024
    Project number

    An identifier number shared by investments in the same project.


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    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.


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    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    Construction & Real estate

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

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    Investment type :
    Start date :
    November 2017
    End date :
    December 2021
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