MDY Legal advised FSD Africa on its acquisition of a 25% shareholding in Sofala Capital
MDY Legal advised FSD Africa on its acquisition of a 25% shareholding in Sofala Capital Pty Limited, 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.
The commitment to Sofala is part of FSD Africa’s on-going work to support the expansion of accessible housing finance across sub-Saharan Africa. The commitment includes an £850,000 equity investment, which will be reinvested in Sofala’s two operating businesses, Zambian Home Loans Limited and iBuild Home Loans Pty Limited, thus strengthening their balance sheets and enabling them to achieve scale.
The full press release can be accessed here