Mali Azalai Hotels Plans $165 Million for West Africa Growth

Groupe Azalai Hotels will invest as much as $165 million during the next four years to expand in West Africa to capture rising demand from business travel, Chief Executive Officer Mossadeck Bally said.

The Bamako, Mali-based company will build hotels in Ivory Coast, Senegal, Guinea and Niger and will renovate another in Mauritania, Bally said in an interview yesterday in Abidjan, Ivory Coast’s commercial capital. The first will open in Abidjan in early 2015, he said.