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Press release

22 June 2018

FSD Africa invests £1.6 million in African housing finance

NAIROBI, 22nd June 2018

Financial Sector Deepening Africa (FSD Africa) is pleased to announce that it is to acquire a 25% shareholding in Sofala Capital Pty Limited (Sofala), a housing finance catalyst based in Cape Town, South Africa. The £1.6 million investment will help Sofala scale up its provision of construction mortgages in both Zambia and South Africa.