Bifm to introduce property fund

In an interview with Business Today on the sidelines of the African Venture Capital Association (AVCA) conference recently, Bifm CEO Victor Senye said they are waiting for certification from the IFC before they can unveil the full picture of the fund. Initially, the fund will be capitilised by the IFC and Bifm. The IFC is a member of the World Bank Group. It finances and provides advice for private sector ventures and projects in developing countries.

"This is an important additional product for our clients. It will offer the region an opportunity for investment capacity in the property sector," Senye said.