Our pipeline consists of projects in Africa (Nigeria, South Africa, Zambia and Kenya) as well as Asia (Bangladesh, India and Vietnam). In the years ahead, FMO aims to mobilize other DFIs to become active in financing this crucial development sector.
Although the demand is huge, especially in sub-Saharan Africa, developers only recently started focusing on affordable housing segments. Track records for large-scale projects in general are limited and capital is still scarce locally. The housing sector therefore remains challenging for FMO but given the huge development impact it will remain one of our key focus areas.