Société Générale d'Hôtellerie

Subsidy : January 2021 - June 2021

BIO has given 30K of technical assistance to Société Générale d'Hôtellerie, Mali’s main hotel company and a subsidiary of the West African group Azalaï Hôtels

Amount

€ 29,727.00

Type of investment

Subsidy

Beneficiary locations

Africa: Mali

Investment field

Enterprises

Activity

I55.10 Hotels and similar accommodation

Organisation

Société Générale d'Hôtellerie

Website

https://www.azalai.com/

Domicile

Mali

More investments in

Société Générale d'Hôtellerie

Debt € 4,000,000.00 (2015)

Founded in 1994 in Bamako by Mr Mossadeck Bally (current Chairman and CEO), the Azalaï Hotels Group is today a major player in the hotel sector in West Africa, managing 7 hotels in Mali, Côte d'Ivoire, Burkina Faso, Benin, Mauritania and Guinea Bissau.

This Technical Assistance is in support of BIO's investment of € 4 M for the renovation of the Salam Hotel in Bamako and the construction of a new 3-star hotel to be built on the same premises. The holding company SGH SA is the sub-holding of the Azalaï holding company which manages hotels in Mali

Technical Assistance

The goal of the Technical Assistance is to conduct a governance and financial analysis of the group including:

An analysis of the current situation
Recommendations on the efficiency of the group's management
A proposal for the restructuring of all the group's debt

Expected impact

This TA project aims to ensure the group's sustainability by assisting Azalaï Hotels in developing a plan to restructure its debts and its managerial organisation.