Kempinski Shekinah Palace Douala (ALS Group)
September 2026 · CameroonFinancing plan presented at the groundbreaking (25 September 2026): lenders involved, individual shares and drawdowns not published.
Activity : Hospitality and catering
Instrument : EUR 140.7m senior debt (XAF 92.3bn, 41.5% of an EUR 339.4m project); BGFIBank Cameroun arranger and agent; BDEAC (XAF 30bn committed) and Afreximbank involved; EUR 157.5m sponsor equity
Bonanjo complex: 214-room palace operated by Kempinski, 35 apartments, 17,000 sqm of offices; groundbreaking on 25 September 2026, opening planned for 2029.
Why they invested
- Upscale hospitality and offices in Bonanjo
Co-investors Afreximbank (Banque africaine d'import-export), BDEAC (Banque de développement des États de l'Afrique centrale)
Source : agenceecofin.comN2 · Cross-checked (2+ outlets) · Other sources : Business in Cameroon, Africa Business+