Kasada bounces back from the pandemic and accelerates its development

Kasada bounces back from the pandemic and accelerates its development

The fund backed by Accor SA and the Qatari sovereign wealth fund raised $500 million in equity capital.

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            ▪ Kasada bounces back from the pandemic and accelerates its development

▪ The fund backed by Accor SA and the Qatari sovereign wealth fund raised $500 million in equity capital.

https://www.africabusinessplus.com/en/813247/kasada-capital-invested-only-e25-million-in-2021/

When Kasada was founded in 2018 and launched its first fund in 2019, it announced that half a billion in equity would be invested over a “five to seven-year” horizon. However, the two-year health crisis caused by the COVID-19 pandemic changed the approach and timing of private equity funds in Africa.

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