US Issues $274 million in Housing Investments from Banks

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The $274 million long-term financing for the housing industry in Nigeria and other West African nations has been closed, according to the United States government’s Prosper Africa project. It was reported that this agreement is anticipated to make homeownership more accessible to around 6,000 households.

According to a quote from Cameron Khosrowshahi, senior investment advisor at Prosper Africa, “Prosper Africa’s partnership with leading U.S. and African financial institutions signals increased U.S. investor interest in investing in African markets to meet the enormous demand for affordable housing in West Africa.”

Our partnership is a blended finance transaction that will encourage large-scale investment and bring house ownership to thousands of individuals in West Africa, generating generational wealth. Working with such a varied collection of investors makes the agency happy.

Punch

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