New housing microfinance fund to invest in four African countries

Ankur Sohanpal | March 21st, 2013, 10:37 am

A new housing microfinance fund – the New Urban Finance Facility for Africa (NUFF) is planning to invest an amount of US$100 million in housing for urban Africa, across four countries – Kenya, Ghana, Tanzania and Uganda. This fund will develop programmes for affordable housing real estate development, besides lending for housing microfinance. 15 per cent of the fund will be indirectly channelled from the IFC (International Finance Corporation). Read more here.