Afribiz invest and Ghana’s NHF seal R27bn deal to build 20 000 mixed-use homes

A major cross continental partnership between South Africa and Ghana is set to reshape affordable housing and urban development in West Africa. Afribiz Invest, a South African founded infrastructure investment company, and Ghana’s National Home Ownership Fund have entered a R27 billion agreement to build 20 000 housing opportunities as part of a large mixed-use development.

The agreement will be signed on 5 December at the Seven Villa Hotel and Spa in Sandton. Both parties describe the project as a milestone for African driven development that brings together investment, skills and shared ambition.

Afribiz Invest chief executive Pongo Pule said the partnership demonstrates what can be achieved when African institutions work with clear purpose. She said families need homes and not promises and that the project will help build communities that support real daily living. Pule said Afribiz is proud to bring its experience into a development that will shape Ghana’s urban landscape for future generations. She added that Africa has the talent and capability to build for itself and that the partnership proves this truth in a practical way.

National Home Ownership Fund chief executive Prosper Hoetu said the development arrives at a critical moment for Ghana’s rapidly expanding cities. He said the goal is simple which is to ensure that families have access to safe and dignified homes that they can afford. Hoetu said the partnership provides the scale and technical capacity needed to deliver on this goal. He added that the project will support jobs, open opportunities for local businesses and uplift communities long after construction is complete.

The agreement was facilitated by Black Knight Advisors, a leading advisory and management consulting firm. The company brought together the financial and strategic partners required to structure the deal and secure the project’s long term viability.

The mixed-use development will introduce modern and sustainable living spaces tailored for ordinary families in fast growing urban areas. Beyond the homes themselves the project is expected to generate significant economic activity. This includes job creation, expanded opportunities for suppliers and contractors and new platforms for skills exchange between South Africa and Ghana.

For Ghana the project promises thousands of homes and economic stimulus for local industries. For Afribiz Invest and South Africa it strengthens their role in supporting large scale infrastructure and sustainable development across the continent. Analysts say the partnership could become a model for future African housing initiatives that rely on regional collaboration and private public cooperation.

The signing represents an important moment not only for housing but for the broader diplomatic and economic relationship between the two countries. Both parties say the project is a commitment to long term cooperation that places African expertise at the centre of African development.