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Rendeavour announces affordable housing partnership in Ghana
Hello Paisa introduces more options for sending funds into Africa Technology is improving the way that money safely moves around our continent – and in an innovative move by Hello Paisa, consumers are now given extended options. FINTECH
Image: Joy Online REAL ESTATE Appolonia City , Accra’s new city development, will build 100 affordable homes as part of a partnership with the country’s leading mortgage provider, Ghana Home Loans.
The multi-million dollar project on six acres of land at Appolonia City will commence construction in the third quarter of 2017, with all 100 homes due for completion within 18 months. The project represents the first phase of a strategic partnership that aims to address the housing deficit in Ghana. The project will benefit from Appolonia City’s high-quality infrastructure, including tarred roads, ICT networking and integrated safety and security systems, as well as social
infrastructure, such as schools, clinics, open green space and shops – all at an affordable price, starting from $45,000. The partnership brings together Ghana Home Loans, which is backed by Abraaj Group, International Finance Corporation and the Overseas Private Investment Corporation, and Rendeavour, the developer of Appolonia City, which is a unique partnership between the chiefs, elders and community of the Appolonia stool in Ghana. Appolonia City recently launched a 10-year mortgage plan on serviced plots with Ghana Home Loans and has rolled out other home financing packages to facilitate home ownership in the country.
The leading international money transfer provider now allows consumers to send money to MTN Mobile Money Wallets in Ghana. Previously, users only had the option of sending money to selected banks, which the beneficiary needed to collect at a branch. Hello Paisa users sending money to Ghana now have a choice: they can send money to selected banks or an MTN Mobile Money Wallet. “This offers customers convenience and more options to send and receive their money,” says Yusuf Dadabhay, Head of Operations at Hello Paisa. To promote the new service, Hello Paisa and its partner, MFS Africa, are offering beneficiaries free airtime when money is sent to Ghana from South Africa for a limited period.
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