PAN AFRICAN HOUSING FUND
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Pan-African Housing Fund, managed by Phatisa Property Fund Manager Ltd., has been established to provide risk capital to housing projects as a means to increase the housing supply for affordable and middle income market segments in collaboration with local developers.
What is our funding objective?
The Fund will support local small and medium enterprise (SME) housing developers with scarce risk capital. It will also increase the supply of good quality residential housing stock to the Fund’s target income groups, with the intention of introducing best practices in housing development finance.
Why do we fund this investment?
African growth is leading to rapid urbanization, an expanding labor force and the rise of middle-class African consumers, who in turn are demanding affordable housing solutions. By investing in PAHF, FMO hopes to contribute to an increase in the supply of affordable residential housing stock by enabling supply-side finance to SME developers.
- Website customer/investment
- http://izelleleroux@phatisa.com
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/19/2012
- Total FMO financing
- USD 7.50 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A