March 13

Prosper Africa, Partners to Invest US $274 Million in Affordable Housing Across West Africa

Today, the U.S. Government’s Prosper Africa initiative announced the close of $274 million in long-term financing for West Africa’s rapidly growing housing sector. This landmark partnership with Bank of America Securities, Inc, Brean Capital, LLC, The Bank of New York Mellon, Togo’s Caisse Régionale de Refinancement Hypothécaire (CRRH), the U.S.
Agency for International Development (USAID), and the U.S. International Development Finance Corporation (DFC) opens new opportunities for U.S. investment in Africa’s emerging markets and provides an avenue for West Africans to gain greater access to homeownership. MiDA Advisors served as the originator and lead transaction advisor on this landmark transaction.

Photo courtesy of UNAMID.

Source: News Ghana (link opens in a new window)

blended finance, housing, impact bonds, impact investing