Afribiz Invest and Ghana’s NHF finalise R27bn master agreement to deliver 22 000 homes

Afribiz Invest and Ghana’s National Home Ownership Fund have officially signed the R27 billion Master Agreement that will pave the way for the construction of 22 000 mixed-use homes in Ghana. The signing ceremony, held at the Seven Villa Hotel and Spa in Sandton, marks the formal beginning of one of Africa’s most ambitious housing and urban development partnerships.

The agreement confirms the commitment of both parties to deliver a large scale, community centred project that will reshape housing access for thousands of families in Ghana’s rapidly expanding urban centres. It also strengthens economic and diplomatic relations between South Africa and Ghana through shared investment, skills transfer and infrastructure development.

Afribiz Invest chief executive Pongo Pule said the signing represents a milestone in African collaboration. She said the deal shows what African institutions can achieve with unity of purpose and a vision anchored in real community progress. Pule added that Afribiz is honoured to help develop sustainable, modern living spaces that reflect the needs of ordinary families. She said the agreement is proof that Africa is capable of building for itself at scale.

National Home Ownership Fund chief executive Prosper Hoetu said the partnership arrives at a crucial moment for Ghana’s growing cities. He said the Master Agreement gives the Fund the capacity needed to provide families with dignified and affordable homes. Hoetu added that the project will support jobs, enhance local industries and contribute to long term economic empowerment.

The partnership was facilitated by Black Knight Advisors, which guided the financial, structural and strategic elements of the deal to ensure that the project is bankable and sustainable.

With the Master Agreement now signed, preparations will move into the implementation phase which includes final planning, technical deployment and the mobilisation of construction teams. The project’s mixed-use model will combine housing, amenities and economic activity to create integrated communities rather than isolated housing blocks.

For Ghana the development promises thousands of homes and major economic stimulus. For Afribiz Invest and South Africa it reinforces a growing leadership role in driving infrastructure development across the continent.

Both parties say the signing is more than a business milestone. It is a continental step forward that places African expertise, African ambition and African collaboration at the centre of Africa’s development future.