{UAH} Old Mutual wants to create an African affordable housing fund

Allan

Old Mutual Alternative Investments (OMAI) hopes to launch a new pan-African affordable housing fund towards the end of 2021, joint CEO Paul Boynton tells The Africa Report.

The fund would likely seek to raise between $300m and $500m, says Boynton from Cape Town. The key, he says, is "economy of scale to achieve a compelling price point." Affordable housing, he says, can remove a burden from fiscally stretched African governments.

https://www.theafricareport.com/48154/old-mutual-wants-to-create-an-african-affordable-housing-fund/

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