TLG Capital in Guinea deal
The facility will support commercial real estate development.
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TLG Capital, through its TLG Africa Growth Impact Fund II, has closed a $10 million facility for Kandara Immo. The transaction will support the development of commercial real estate in Conakry, Guinea.
Kandara Immo is part of Guinea’s GPC Groupe, which operates in logistics, construction and infrastructure. Kandara Immo focuses on real estate development and related property services in Guinea.
The facility is structured in partnership with NSIA, a regional banking and insurance group headquartered in Abidjan and operating across 12 West and Central African countries.
Jean Philippe Kouame, managing director of NSIA Guinea, said: “From our insurance roots to today, NSIA has been defined by disciplined structuring. TLG is one of the strongest structuring partners in African credit we could hope for. Their speed of execution demonstrates that our markets can support institutional, scalable solutions, not opportunistic plays. We hope to support TLG in deepening their footprint across Francophone West Africa, while NSIA continues to delivering best-in-class solutions for our clients.”
Aly Kaba, managing director of GPC Group, said: “We are delighted to close this milestone transaction with TLG Capital. We have long believed in Guinea’s potential, and in TLG we found extraordinary partners who share that conviction. Their ability to navigate complexity has been instrumental. TLG is showing other investors what is possible in markets like Guinea, and their speed of execution and partnership has been refreshing. The support offered through value creation and business support is second to none, and we see this as the first of many transactions.”
Isha Doshi, partner at TLG Capital, said: “At TLG, our mission is to channel capital into overlooked but high-potential African markets. Completing our first transaction in Guinea reflects that commitment. With the right structuring, we believe capital can reach every market on the continent, and we are proud to help unlock new growth opportunities for Guinean businesses.”
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