50531 - Djeliba Gambia

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Summary of Investment Information

Project Number

50531

Company Name

Djeliba Gambia

Date SPI Disclosed

Jun 22, 2026

Country

Gambia, The

Region

Africa

Projected Board Date

Aug 31, 2026

Environmental Category

B - Limited

Status

Pending Approval

Last Updated Date

Aug 19, 2026

Department

CM3S1 - Regional Industry - MAS Africa/MAS Svcs - Nth, Wst, Cnt Africa

Industry

Tourism, Retail and Property

Sector

Resort Hotel (Including Lodges)

Additional Project Attributes

Blended Finance

Project Description

The IFC is considering an US$11 million corporate finance package to Djeliba Leisure Group (DLG), a group comprised of four Gambian companies acting as co-borrowers - Djeliba Leisure Group Ltd, Balafon Company Ltd, EON Company Ltd, and International Tourism Investment Ltd – to support hotel expansion, refurbishment, and energy efficiency improvements. The financing comprises an IFC A-Loan and subordinated loans from International Development Association Private Sector Window Blended Finance Facility (IDA PSW BFF) and the Concessional Capital Window (CCW). Proceeds will support a US$20.76 million investment program across four beachfront hotels in The Gambia: Balafon Beach Resort; Kombo Beach Resort; TUI BLUE Tamala hotel; and Kalimba Beach Resort. Djeliba Leisure Group Ltd.

Use of financing proceeds will cover construction of new rooms and room refurbishment across the four hotels; upgrades to employee welfare facilities; and installation of a 1.8MW solar photovoltaic (PV) system with battery energy storage to supply solar power exclusively for on-site hotel operations at three hotels.

All four hotels are expected to receive EDGE certification.

Associated Advisory Engagement

IFC is expected to support DLG through i) financial management advisory to strengthen internal controls and improve financial reporting of the Group and (iii) Governance advisory to help build institutional capacity over time.

Sponsor / Cost / Location

Development Impact

The project is expected to generate economy wide benefits through both direct and indirect job creation and contributions to GDP; employment impacts through the creation of high quality jobs in hotel operations; and environmental gains in the form of energy and water savings, as well as reductions in GHG emissions, achieved through the green certification of hotel assets. The employment impact is also inclusive, reflecting the client’s commitment to significantly increase the proportion of female employees. In addition, IFC anticipates that the investment will strengthen competitiveness in the hospitality sector, particularly in the mid to upscale segment, by fostering competitive pressure. It will support the client’s a shift away from a mass “sun, sea, and sand” tourism model toward a more diversified, higher value offering, with strong potential for replication and scale up within the local market by other players.

The proposed IFC investment provides financial and non-financial additionality. Financial additionality is through the provision of a long-term facility with an extended grace period, better aligning debt service obligations with DLG’s cash flow profile, which is otherwise not readily available in the local market. Non-financial additionality is provided via capacity building through IFC advisory in financial management, EDGE advisory and through the implementation of comprehensive Environmental & Social management systems.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Hotels: Number of Hotel Rooms Built/Refurbished (#)	Rooms (#) [Actual]		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability (2012), with potential limited adverse environmental or social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.

Key risks identified include: (i) the existing Environmental and Social Management System (ESMS) is not fully aligned with IFC’s requirements for an operational ESMS applicable to DLG’s current operations and proposed expansion activities; ii) labor and working conditions, including occupational health and safety (OHS) for direct and contracted workers; (iii) community and guest health and safety, including life and fire safety and public health; (iv) stakeholder engagement and grievance management across multiple sites; and v) risk management related to gender-based violence, sexual exploitation, abuse and harassment (GBV/SEAH), and child safeguarding, including risks to workers, guests, and community members, arising from the hospitality and tourism operating context, seasonal workforce dynamics, guest–staff interactions, alcohol-serving environments, and the presence of children and adolescents on hotel premises.

Contacts

For Inquiries About the Project, Contact

Djeliba leisure Group
Omar Jawara
Co-CEO
+220 732 7777
Ceo@djelibagroup.com.
Djeliba leisure group, Djelibe plaza, Kololi TDA, KSMD, The Gambia.
www.djelibagroup.com

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Local Access of Project Documentation

N/A

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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