Affordable Housing Expansion and Trade Finance Partnership

awarded

The African Development Bank Group and Nedbank Group have signed a multi-billion funding partnership aimed at expanding affordable housing in South Africa and strengthening trade across Africa. The deal includes a R2.5 billion social bond investment and a $60 million trade-finance risk participation agreement, targeting inclusion, first-time buyers, and continental trade growth. The social bond prioritizes affordable housing for women, first-time homeowners, and green-certified units, while the trade finance agreement aims to close Africa's trade finance gap and accelerate intra-African trade.