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    Reference: 20160898
    Release date: 25 April 2017

    Promoter – Financial Intermediary

    INTERNATIONAL HOUSING SOLUTIONS (RF) (PTY) LTD

    Location

    Description

    Equity fund for affordable and energy-efficient housing projects in Namibia and Botswana

    Objectives

    The fund will focus on the acquisition and development of affordable residential resource-efficient green housing and support privately financed real estate in Sub-Saharan Africa with a focus on Namibia and Botswana.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    USD 20 million (EUR 18 million)

    Total cost (Approximate amount)

    USD 75 million (EUR 67 million)

    Environmental aspects

    The project comprises a programme of investments in social housing by International Housing Solutions, an investment fund operating through local property developers in Namibia and Botswana, entailing a mix of new-build single family and multi-family buildings in urban and suburban areas. The EIB will require that each of those investments meet all local and EIB environmental requirements.

    Procurement

    The project will follow applicable rules for private procurement, using the fund's existing practice of contracting and monitoring contracts with local property developers. The promoter will be required to apply EIB procurement requirements to all cases where it enters into any relationship with public sector entities.

    Status

    Signed - 22/12/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Namibia Botswana Urban development