Proparco, IFC, Bopa Moruo, and RMB Ventures Partner to Boost Access to Affordable Student Housing in South Africa
To increase the supply of safe, affordable, quality student housing in South Africa, particularly for students from low-income households, Proparco today announced a partnership with IFC, the private sector financing arm of the World Bank, Bopa Moruo Private Equity and RMB Ventures.
The four today announced a combined ZAR 516 million (about $36 million) equity investment in Respublica Group to help the company develop high-quality, affordable accommodation for thousands of students, and strengthen its environmental and social standards. Respublica Group owns and operates Respublica Student Living, South Africa’s leading student accommodation provider.
The four today announced a combined ZAR 516 million (about $36 million) equity investment in Respublica Group to help the company develop high-quality, affordable accommodation for thousands of students, and strengthen its environmental and social standards. Respublica Group owns and operates Respublica Student Living, South Africa’s leading student accommodation provider.
Published on