Business Daily Media

The Times


.

New Partnership In The Hospitality Sector In Gabon

LIBREVILLE, GABON - African Media Agency - 3 August 2023 - The Fonds Gabonais d'Investissements Stratégiques (FGIS), its subsidiaries Façade Maritime du Champ Triomphal (FMCT), an urban development company, Luxury Green Resorts (LGR), a Gabonese tourism operator, on one hand, and the Kasada group, on the other hand, signed a partnership agreement on August 2nd, 2023, to develop hotels in Gabon.

Baie des Rois - Juillet 2023-0257 (1) (1).jpg

Through this agreement, FGIS, FMCT, LGR and Kasada, the independent real estate private equity platform dedicated to hospitality in Africa, are responding to the ambition to strengthen the attractiveness of the territory and boost the Gabonese economy. With a current portfolio of eighteen (18) hotels in eight (8) African markets, Kasada will be involved in identifying, evaluating, structuring, and managing hotel projects in Gabon, from conception to completion.

Among the projects to be analyzed as part of this collaboration is the upscale hotel complex in the northern zone of the Baie des Rois site. It will address the growing needs identified in terms of urban planning, business tourism and leisure, offering innovative services to users looking for unique, local experiences. Architecturally and environmentally innovative, the hotel will feature sustainable materials, water treatment and the use of green energy in line with international standards.

Baie des Rois is part of the urban development program for the Baie des Rois Special Investment Zone (ZIS), led by FMCT. In line with the Plan d'Accélération de la Transformation (PAT), Baie des Rois aims to become an exceptional hub meeting the criteria of a sustainable, innovative, low-carbon city. Situated on Libreville's waterfront, it stands out for its mixed use of real estate and commercial space for local residents.

Mr. Akim Mohamed DAOUDA, CEO of FGIS, declared: "This project is part of our overall strategy to develop sustainable infrastructures based on the valorization of our natural capital. The construction of an environmentally-friendly hotel complex will showcase Gabon's low-carbon solutions.”

Mr. Emmanuel EDANE, CEO of FMCT, declared: "The partnership with Kasada effectively demonstrates the investment opportunities offered by the Baie des Rois. This development zone will contribute to the economic influence and tourism growth of the Gabonese capital."

Mr. Olivier GRANET and Mr. David DAMIBA, Managing Partners of Kasada Capital Management, commented: "We are delighted to be partnering with FGIS and its subsidiaries. The Baie des Rois is an ambitious and exciting project. It demonstrates once again our expertise and our role as preferred partner for sovereign entities to carry out complex projects. Our ability to analyze projects of this scale and our agility in terms of financial structuring, enable us to find the right solution for this flagship project in Gabon. Furthermore, through this project, we aim to set a new standard for sustainable development in Gabon, in line with the country's initiatives to address climate change.”

Hashtag: #FGIS

The issuer is solely responsible for the content of this announcement.

About FGIS

The Fonds Gabonais d'Investissements Stratégiques (FGIS) is the exclusive trustee of the Fonds Souverain de la République Gabonaise (FSRG) and of the unallocated holdings in the portfolio of the Gabonese State. The Fund invests in the strategic sectors of the national economy, with the aim of creating shared prosperity for the people of Gabon and future generations. As the financial investment instrument of the Republic of Gabon, the Fund supports government action by investing in four strategic sectors: infrastructure financing, support for SMEs, regional development and support for social sectors. FGIS also acts as the exclusive agent responsible for marketing carbon credits belonging to the Gabonese Republic as part of the fight against climate change.

About FMCT

Created in 2015, the Façade Maritime Champ Triomphal (FMCT) is the subsidiary of the Fonds Gabonais d'Investissements Stratégiques (FGIS) dedicated to the sustainable development of the Gabonese territory for the population and future generations. Aligned with the Sustainable Development Goals (SDGs), the company is responsible for the design and development of city infrastructure projects, facilities and real estate, notably on the Baie des Rois site. In 2023, Baie des Rois won two major awards, including Best Sustainable Infrastructure Project for its eco-responsible approach at the Africa Investments Forum & Awards (AIFA) and Best New Mega Development at the Marché International des Professionnels de l'Immobilier (MIPIM Awards).

About LGR

Luxury Green Resorts (LGR) is a tourism operator whose mission is to revitalize the tourism industry in Gabon while promoting the country's natural heritage. LGR is committed to preserving this heritage through projects carried out in close collaboration with local authorities, technical operators, civil society and communities.

About KASADA

Kasada is an independent real estate private equity platform dedicated to hospitality in Africa, advised by Kasada Capital Management, part of the Kasada group. The firm was launched with the backing of Qatar Investment Authority, the sovereign wealth fund of State of Qatar, and Accor, a world leading hospitality group. Kasada's strategy spans all segments, from economy to luxury, and targets both greenfield and brownfield projects. Kasada's hotels are operated under the banner of Accor's wide range of internationally renowned brands. By investing in a region that offers robust growth opportunities, Kasada aims to deliver both attractive risk-adjusted returns to investors and a long positive impact on local economies. In April 2019, Kasada held a close of its maiden fund, Kasada Hospitality Fund L.P., with equity commitments of over US$ 500 million.

For more information:

visit and follow us on LinkedIn.

News from Asia

Woh Hup Celebrates Nine Decades of Flavour, Family and Innovation with Four Bold New Sauces

Singapore Turns 61. Woh Hup Turns 90.SINGAPORE - Media OutReach Newswire - 5 August 2026 - Every August, Singapore celebrates more than another year of nationhood. It celebrates the people, busine...

Bee Choo Origin Launches Dead Sea Mud Mineral Scalp Detox Mask in Singapore

SINGAPORE - Media OutReach Newswire - 5 August 2026 — Bee Choo Origin, a Singapore-based provider of herbal hair solutions, has expanded their offerings with their new Dead Sea Mud Mineral Scalp ...

Vinhomes Green Paradise receives Smart City Certification based on the Global Iso 37122 Standard

HANOI, VIETNAM - Media OutReach Newswire - 5 August 2026 - The World Council on City Data (WCCD) has officially awarded Vinhomes Green Paradise - Can Gio the InterimCustom ISO 37122Smart CityCert...

EM Services and SPTel Partner to Advance Smart Estate Management Through Digital Connectivity and IoT Solutions

SINGAPORE - Media OutReach Newswire - 5 August 2026 - EM Services and SPTel will formalise a strategic partnership to explore and deploy digital solutions that support smart estate management oper...

VinFast's Expansion Mirrors the Global Shift in EV Growth

Emerging economies are becoming the EV industry's fastest-growing markets, creating new opportunities for automakers with an international footprint. VinFast's latest expansion reflects that shift...

Public Invited to Tour New Phnom Penh Temple of The Church of Jesus Christ of Latter-day Saints

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 4 August 2026 – The Church of Jesus Christ of Latter-day Saints is inviting the public to celebrate the completion of the Phnom Penh Cambodia ...

Record Gold Prices Drive Demand for Trusted Appraisal Services as Jewel Cafe Brings Japanese Hospitality to Taiwan

As gold prices reach record highs, Taiwanese consumers are increasingly seeking transparent, customer-focused appraisal services for their valuable assets. ...

High Gold Prices Drive Demand for Jewelry Appraisals as Jewel Cafe Opens Tsuen Wan Store

Newly opened Tsuen Wan OP Mall store offers free appraisals of gold, jewelry, luxury watches, and branded goods with no obligation to sell HONG KONG SAR - Media OutReach Newswire - 4 August 2026 ...

Aon Appoints Stephen as CEO for Indonesia

JAKARTA, INDONESIA - Media OutReach Newswire - 4 August 2026 – Aon plc (NYSE: AON), a leading global professional services firm, today announced the appointment of Stephen as CEO for Indonesia...

Etiqa Insurance Singapore Launches Enrich Index Income that Combines Index-Linked Growth Potential with Capital Protection at Maturity

New endowment plan offers potential yearly cash benefits, downside resilience and access to the Barclays Regime-Aware Dynamic Asset Rotation (“Barclays RADAR”) 6% RC Indices.SINGAPORE – Media OutR...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...