Onomo Hotels

Africa Construction and 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, Cote 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.

Our investment

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

Our investment is 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.

ONOMO is using the proceeds to finance the development of greenfield hotels and hotel acquisitions across Africa over the next four years.

Environmental and social aspects

CDC has developed an environmental and social management system (ESMS) framework for Onomo.

We also helped the company adopt green building design and construction principles, in line with the IFC EDGE certification.

We will also work closely with the company to identify energy and water efficiency measures, and to provide skills training during both construction and operation.

Key facts

Status:
Exited
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Construction and real estate
Website:
https://www.onomohotel.com/en/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Direct Equity
Start date

For direct investments, this is the date British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
November 2017
End date

For direct equity investments, this is the date at which British International Investment exited the investment.

For debt investments, this is the date at which the final debt repayment was made.

For funds, this is the date at which the fund was terminated.

For underlying fund investments, this is the date at which the fund manager exited the investment.

:
December 2021
Amount

For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that British International Investment has committed to the fund.

:
$54.21m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Luxembourg

We are now British International Investment