3B Hotel Group
Region and country of operations: Africa, Rwanda
Jurisdiction of registration: Rwanda
Business sector: Hotel
Date of agreement (month/year): 6/2019
Finnfund’s financing: USD 3,000,000
Share of Finnfund’s financing: 22%
Size of project/financing: Project company’s total balance sheet approx. USD 13 million
Environmental and social category: B
The 3B Hotel Group is a family owned, Rwandan ecotourism group, which focuses on markets with clear supply/demand gaps and is consistent with the Rwandan government’s strategic objective to make the country a major ecotourism destination.
The proposed investment includes an acquisition of a ready built, yet non-operational Nobilis hotel in Kigali, completion of Akagera safari lodge, and purchase of a management information system .
Main development impact
The project has a strong development aspect, as it would support a local socially responsible investor committed to helping Rwandan communities in economically vulnerable areas of the country.