AfricInvest Invests US$18 Million in Azalaï Hotels (Sub-Saharan Africa)

Source: AfricInvest

Pan-African private equity firm AfricInvest has invested EUR17.3 million (approximately US$18 million) in Mali-based hospitality group Azalaï Hotels. AfricInvest invested through AfricInvest III. Azalaï will use the new funds to expand across West Africa, increase capacity and upgrade service.