Select Country
Don’t have your Nedbank ID yet?
Nedbank ID single sign-on gives you full digital access to Nedbank’s banking and lifestyle products and services on the Money app or Online Banking.
Log in
Log in to Online Banking or another one of our secured services.
Awards
Deals
- R4bn Tronox deal funds two 100MW solar plants
- Billions to help Redefine build green properties
- Harmony pursues green goals with R10 billion loan
- Cold solutions finance for cold storage facilities
- International Finance Corporation green bond fund
- Envusa energy deal: The way for renewable energy
- Paladin Energy senior debt funding partnership
- Renewable energy wind farm financing
- Stor-Age’s successful inaugural bond auction
- PlusNet, Peninsula Packaging and Barrier Film Convertors co-investment opportunity | Nedbank CIB
Women of Corporate Investment Banking
Young Analyst Programme
Articles
- Africa's pathway to a climate-resilient economy
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- FURTHER IMPACT empowerment for entrepreneurs
- There's a new buoyancy around water and sanitation
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking barriers for energy transition in mining
Conferences
- Industry leaders talk innovation disruption | Nedbank CIB
- Market leaders in property finance | Nedbank CIB
- African Mining Indaba | Nedbank CIB
- COP 28 | Nedbank CIB
- South Africa (SA) Auto Week | Nedbank CIB
- IHS Affordable Housing Conference | Nedbank CIB
- Africa Energy Forum | Nedbank CIB
- Digital Immersion Conference | Nedbank CIB
- NCIB’s Zhann Meyer speaks at annual GTR MENA 2025 | Nedbank CIB
Research
- Investor research
- Investor-research
- How loadshedding impacts inflation | Nedbank CIB
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- SA inflation trends, insights and projections
- SA ex-ante real policy rate
- SARB: Shifting to a 25 bps hike, from 50 bps
- SARB MPC: Repo unchanged but still hawkish
- Bonds, the monetary surprise and fiscal dominance
- Upside for bond investments has compressed
- The "weak China trade" on the rand exchange rate
- Dovish inflation surprises and fiscal constraints
- The ILB curve steepens, and we expect more
- Investor Research
Benchmark Reform
Corporate Finance
Financing
Investing
Markets
Nedbank Business Hub
Transacting
- Login & Register
- Online Banking
- Online Share Trading
- NedFleet
- Register for Nedbank ID
- About us
- Awards
- Deals
- Explore About us
- Awards
- Deals
- R4bn Tronox deal funds two 100MW solar plants
- Billions to help Redefine build green properties
- Harmony pursues green goals with R10 billion loan
- Cold solutions finance for cold storage facilities
- International Finance Corporation green bond fund
- Envusa energy deal: The way for renewable energy
- Paladin Energy senior debt funding partnership
- Renewable energy wind farm financing
- Stor-Age’s successful inaugural bond auction
- PlusNet, Peninsula Packaging and Barrier Film Convertors co-investment opportunity | Nedbank CIB
- R4bn Tronox deal funds two 100MW solar plants
- Billions to help Redefine build green properties
- Harmony pursues green goals with R10 billion loan
- Cold solutions finance for cold storage facilities
- International Finance Corporation green bond fund
- Envusa energy deal: The way for renewable energy
- Paladin Energy senior debt funding partnership
- Renewable energy wind farm financing
- Stor-Age’s successful inaugural bond auction
- PlusNet, Peninsula Packaging and Barrier Film Convertors co-investment opportunity | Nedbank CIB
- Women of Corporate Investment Banking
- Young Analyst Programme
- Articles
- Africa's pathway to a climate-resilient economy
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- FURTHER IMPACT empowerment for entrepreneurs
- There's a new buoyancy around water and sanitation
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking barriers for energy transition in mining
- Africa's pathway to a climate-resilient economy
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- FURTHER IMPACT empowerment for entrepreneurs
- There's a new buoyancy around water and sanitation
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking barriers for energy transition in mining
- Conferences
- Industry leaders talk innovation disruption | Nedbank CIB
- Market leaders in property finance | Nedbank CIB
- African Mining Indaba | Nedbank CIB
- COP 28 | Nedbank CIB
- South Africa (SA) Auto Week | Nedbank CIB
- IHS Affordable Housing Conference | Nedbank CIB
- Africa Energy Forum | Nedbank CIB
- Digital Immersion Conference | Nedbank CIB
- NCIB’s Zhann Meyer speaks at annual GTR MENA 2025 | Nedbank CIB
- Industry leaders talk innovation disruption | Nedbank CIB
- Market leaders in property finance | Nedbank CIB
- African Mining Indaba | Nedbank CIB
- COP 28 | Nedbank CIB
- South Africa (SA) Auto Week | Nedbank CIB
- IHS Affordable Housing Conference | Nedbank CIB
- Africa Energy Forum | Nedbank CIB
- Digital Immersion Conference | Nedbank CIB
- NCIB’s Zhann Meyer speaks at annual GTR MENA 2025 | Nedbank CIB
- Research
- Investor research
- Investor-research
- How loadshedding impacts inflation | Nedbank CIB
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- SA inflation trends, insights and projections
- SA ex-ante real policy rate
- SARB: Shifting to a 25 bps hike, from 50 bps
- SARB MPC: Repo unchanged but still hawkish
- Bonds, the monetary surprise and fiscal dominance
- Upside for bond investments has compressed
- The "weak China trade" on the rand exchange rate
- Dovish inflation surprises and fiscal constraints
- The ILB curve steepens, and we expect more
- Investor Research
- Investor research
- Investor-research
- How loadshedding impacts inflation | Nedbank CIB
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- SA inflation trends, insights and projections
- SA ex-ante real policy rate
- SARB: Shifting to a 25 bps hike, from 50 bps
- SARB MPC: Repo unchanged but still hawkish
- Bonds, the monetary surprise and fiscal dominance
- Upside for bond investments has compressed
- The "weak China trade" on the rand exchange rate
- Dovish inflation surprises and fiscal constraints
- The ILB curve steepens, and we expect more
- Investor Research
- Benchmark Reform
- Solutions
- Corporate Finance
- Financing
- Investing
- Markets
- Nedbank Business Hub
- Transacting
- Explore Solutions
- Corporate Finance
- Financing
- Investing
- Markets
- Nedbank Business Hub
- Transacting
- Sustainability
- Explore Sustainability
- Contact us
- Explore Contact us
Sustainability in Africa’s hospitality property sector
Sustainability in Africa’s hospitality property sector
Staff writer
2 mins
Nedbank Corporate and Investment Banking (NCIB) has taken another significant step in advancing sustainable property finance across Africa with the successful conclusion of a €19.4 million sustainability-linked development and term loan for Kasada in Senegal. This unique transaction in hospitality property finance will drive measurable environmental and social impact in the local community.
Financing hospitality with sustainability at its core
Kasada, a real estate private equity platform focused on Africa’s hospitality sector, secured the loan to acquire and further develop a beachfront hotel in Senegal. This financing demonstrates its commitment to environmental and social stewardship and aligns with the goal of growing environmental, social and governance (ESG) investment strategies in the region.
This innovative transaction integrates sustainability-focused key performance indicators, making it a model for sustainable property finance.
- Food waste reduction – implementing machine learning initiatives to divert waste from landfills by promoting sustainable food management.
- Energy efficiency – optimising primary energy consumption to lower the hotel’s carbon footprint.
- Local procurement – supporting the Senegalese economy by sourcing certain goods and services from small-scale family farms and local businesses.
This sustainability-linked facility is a good model for the increasing demand for sustainability-focused financial solutions in Africa’s hospitality sector, establishing a baseline for future responsible investing and stewardship.
A strategic expansion into key African markets
This deal forms an important part of NCIB’s growing footprint into key African markets and marks Kasada’s first sustainable finance transaction.
'As a bank committed to structuring bespoke sustainable finance and property finance solutions, we are proud to support sustainable economic growth across Africa,' says Gerhard Zeelie, Divisional Executive of Nedbank CIB Property Finance Africa. 'This transaction not only strengthens our presence in West Africa but also showcases our ability to tailor investment solutions that meet both financial and sustainability objectives.'
This partnership builds on NCIB’s success in Côte d’Ivoire, where it structured an €18.5 million sustainability-linked term loan and revolving credit facility for Cosmos Yopougon, a flagship retail development. These deals put a focus on NCIB’s expertise in sustainable finance and its role in driving sustainable development in Africa’s property sector.
Partnerships driving ESG investment in Africa
The collaboration between NCIB and Kasada indicates a shift in African property finance, where sustainability impacts are becoming as important as financial returns.
'Partnering with Nedbank CIB marks a key milestone in our sustainability journey,' says Ram Lokan, Partner, Managing Director at Kasada. 'This financing enables us to further enhance our commitment to responsible investment and create lasting economic, social and environmental benefits in the communities we serve.'
As sustainable investment gains momentum, financial institutions have a crucial role to play in ensuring that capital flows towards projects that balance economic returns with environmental and social responsibility.
Nedbank CIB’s vision for sustainability
By leveraging its expertise in sustainable finance and property finance, Nedbank aims to pioneer further ESG investment strategies that drive meaningful change across the continent.
NCIB is redefining the role of finance in Africa’s hospitality sector and proving that sustainable finance and property finance are the future of economic development.
When you see unexpected connections, you see sustainable growth.
Related posts
See allThe growth of sustainable finance in South Africa
As part of an expert panel at the 2022 South African Real Estate Investment Trust Conference, Arvana Singh, Nedbank Head of Sustainable Finance Solutions, shared some thoughts on how sustainable finance in South Africa can help mitigate ESG-related risks.
By Staff writer
Published 30 May 2024 in nedbank:cib/articles/property

The growth of sustainable finance in South Africa
As part of an expert panel at the 2022 South African Real Estate Investment Trust Conference, Arvana Singh, Nedbank Head of Sustainable Finance Solutions, shared some thoughts on how sustainable finance in South Africa can help mitigate ESG-related risks.
Staff writer
Published 30 May 2024
Key factors in the recovery of the property sector in 2023
Gary Garrett, Managing Executive of Property Finance at Nedbank Corporate and Investment Banking, participated in an expert panel at the 2022 South African Real Estate Investment Trust Conference where he reflected on the response of the property sector to recent challenges.
By Staff writer
Published 30 May 2024 in nedbank:cib/articles/property

Key factors in the recovery of the property sector in 2023
Gary Garrett, Managing Executive of Property Finance at Nedbank Corporate and Investment Banking, participated in an expert panel at the 2022 South African Real Estate Investment Trust Conference where he reflected on the response of the property sector to recent challenges.
Staff writer
Published 30 May 2024
NCIB Property Finance makes history funding the first real estate investment trust in Ghana
The REIT paves the way for a more diversified real estate market in Ghana, giving retail and institutional investors more investment options.
By Staff writer
Published 30 May 2024 in nedbank:cib/articles/property
Sustainability in Africa’s hospitality property sector
Nedbank Corporate and Investment Banking (NCIB) has taken another significant step in advancing sustainable property finance across Africa with the successful conclusion of a €19.4 million sustainability-linked development and term loan for Kasada in Senegal. This unique transaction in hospitality property finance will drive measurable environmental and social impact in the local community.
By Staff writer
Published 04 Jun 2025 in nedbank:cib/articles/property

Sustainability in Africa’s hospitality property sector
Nedbank Corporate and Investment Banking (NCIB) has taken another significant step in advancing sustainable property finance across Africa with the successful conclusion of a €19.4 million sustainability-linked development and term loan for Kasada in Senegal. This unique transaction in hospitality property finance will drive measurable environmental and social impact in the local community.
Staff writer
Published 04 Jun 2025