Muadinohamba unveils Matutungu Property Fund
• By Confidente Reporter
BUSINESSMAN Jerry Muadinohamba this week unveiled the Matutungu Property Fund (MPF), an initiative that will focus on property development finance with the primary purpose of enhancing access to finance in the property investment market.
Matutungu means ‘we are building’ in Otjiherero and other local dialects.
“The prevailing housing crisis is a major concern and has been a lingering developmental problem.
“The demand for housing, and more specifically affordable housing and serviced land in various towns and settlements has exhausted current supply. Furthermore, the level of under supply of serviced land and housing developments is exacerbated by a lack of suitable and affordable financing in order to implement bulk services and the required infrastructure,” Muadinohamba said at a media briefing this week adding that against this background, MPF will seek to play an intermediary role in the fund raising and financing of such projects that are promoted by developers, entrepreneurs, individuals and various institutions that own land and want to develop and build housing.
Read the full story in this week’s edition.