#Guinea #Jobomax Homes #Nimba Fund #Africa Housing #Conakry

Nimba Fund Invests in Jobomax to Revolutionize Affordable Housing in Guinea

In a groundbreaking move to enhance access to affordable housing in Guinea, Nimba Fund, the first structured venture capital vehicle in the Republic, has announced a significant investment in Jobomax Homes. This strategic collaboration aims to tackle the pressing issue of housing shortages and limited financing options for local families. Managed by Niandan, this investment not only supports Jobomax's mission but also lays the groundwork for a sustainable housing finance ecosystem in Guinea.

Jobomax Homes has already established a strong presence across several West African countries, including Guinea, Ghana, Cameroon, and Sierra Leone. They have successfully delivered hundreds of homes to both diaspora buyers and local families seeking stable living conditions. Despite their achievements, the need for affordable housing remains a challenge, particularly in Guinea where securing mortgages and long-term financing is difficult for many families.

The commitment from Nimba Fund will allow Jobomax to accelerate its efforts to make homeownership a reality for more communities. The aim is to create a local currency housing finance structure to facilitate broader access to homeownership, a crucial step towards fighting poverty and improving living conditions in the region.

Strengthening the Vision for Affordable Housing

Robert Hornsby, the Co-Founder and CEO of Jobomax, expressed enthusiasm about the potential of this investment, stating, "Nimba Fund's investment allows us to accelerate our mission of making homeownership accessible to more families across Africa. Together, we are strengthening our presence in core markets while opening the door to new opportunities across the continent."

This partnership is more than just a financial transaction; it represents a shared vision for growth and sustainability. Alexander Tounkara, the Founder and Director General of Niandan and the Fund Manager of Nimba Fund, emphasized the alignment of values between the two organizations, saying, "Jobomax embodies the kind of impactful, high-growth business that Nimba Fund was created to support. Together, we aim to expand affordable housing in Guinea and build a financing ecosystem where families can finally access credit to become homeowners."

The collaboration goes beyond mere funding; it brings strategic insights and support that will help Jobomax scale its operations. John Block, the Chief Investment Officer of Jobomax, highlighted the importance of having Niandan as a partner in this journey. He stated, "Having Niandan as an investor provides us with more than capital; it gives us a partner who shares our long-term vision. Niandan's roots in West Africa and its focus on impact investing bring a perspective that will help us scale. This is about more than building homes; it's about building a platform for inclusive growth across Africa."

About Niandan and Jobomax Homes

Niandan is a venture capital and advisory firm committed to promoting inclusive and sustainable growth across West Africa. Based in Conakry, the firm actively invests in local businesses and manages the Nimba Fund, which is dedicated to impact-focused ventures that can stimulate economic development and community enhancement in the region.

Jobomax Homes stands as a leading provider of affordable housing solutions, presenting various options that range between USD 30,000 and USD 250,000. The company's dedication to delivering quality housing reflects its overarching mission to improve living standards across Guinea and beyond.

As the partnership between Nimba Fund and Jobomax unfolds, the impact of their combined efforts will undoubtedly pave the way for thousands more families to achieve the dream of homeownership. The commitment to increasing access to affordable housing is a significant step towards fostering economic growth and stability in Guinea, unlocking potential for many families aspiring for a better future.

With this transformative investment, both organizations are poised to make substantial contributions to the landscape of affordable housing in West Africa, showcasing the power of collaborative initiatives in tackling urgent social challenges.