Demand for medium to long term capital for financing housing developments and mortgages in African Countries far outweigh the supply. This is evidenced by a scan of most African financial institutions’ financial statements that demonstrate the maturity of their liabilities are largely short term and inappropriate for creation of long-term assets such as mortgages. We can mobilize long-term resources for on-lending to address this gap.
Our 2019-2023 Strategic Plan has shifted from predominantly financing small scale developers to large- scale housing schemes across our member countries. We do this confident in the knowledge that we can leverage our partnerships with local financial institutions and reach out to small-scale developers. This will also allow us build up technical expertise in these institutions.