Onomo Hotels

Africa Construction and real estate

Established in 2009, ONOMO Hotels is a Casablanca-headquartered hotel group targeting African business travellers.

The company currently operates ten hotels across Africa located in South Africa, Togo, Mali, Guinea, Cote d’Ivoire, Senegal, Gabon and Rwanda. It plans to open nine new hotels in Morocco, Cameroon, Mozambique and Uganda by the end of 2019.

Our investment

In 2017, CDC invested €46 million in ONOMO Hotels.

Our investment is part of a €106 million fundraising alongside Batipart, the current owner of ONOMO, a family firm with a 30-year track record of real estate investments, and CIC Capital, the international private equity investment arm of Credit Mutuel CM11 Group, the French banking and insurance group.

ONOMO is using the proceeds to finance the development of greenfield hotels and hotel acquisitions across Africa over the next four years.

Expected impact

Many African countries suffer from a lack of affordable, and good quality branded hotel accommodation which caters for business travellers.

ONOMO will use the capital to grow its portfolio to more than 20 hotels by 2022, particularly in more challenging regions, helping improve ‘business infrastructure’.

Our investment will stimulate regional business travel, generate foreign revenue, and create permanent good quality jobs across Africa.

As the continent sees growing levels of business activity, it will need more mid-market business hotels to unlock its full economic potential.

Environmental and social aspects

CDC has developed an environmental and social management system (ESMS) framework for Onomo.

We also helped the company adopt green building design and construction principles, in line with the IFC EDGE certification.

We will also work closely with the company to identify energy and water efficiency measures, and to provide skills training during both construction and operation.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.


We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Construction and real estate
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

November 2017

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.


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