Africa: Pan-African Housing Fund Closes At U.S.$41 Million

The Pan African Housing Fund (PAHF), a private equity fund designed to respond to an ever growing housing shortage in Eastern and Southern Africa, reached its first closing at US$ 41.5 million in December 2012.

The Fund's Sponsor, Shelter Afrique identified Phatisa in 2011 as Fund Manager and has worked closely together with a pool of African and European development finance institutions (DFIs) during the fund raising stage.

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