MIGA extends $38m support to Kasada in Nigeria
The World Bank’s guarantee agency will cover the investment in the Southern Sun Hotel, located in the upmarket Ikoyi area of Lagos.
13/02/2023 at 18h55, by Africa Business+
The Multilateral Investment Guarantee Agency (MIGA), the guarantee agency of the Washington-based World Bank, is a long-term partner of the Kasada hotel fund. It has agreed to cover Kasada’s capital contribution and the loans made by its shareholders to acquire the Ikoyi Hotel in Lagos.
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