#Guinea #Nimba Fund #Conakry #Jobomax

Nimba Fund and Jobomax: A Partnership for Affordable Housing

In a groundbreaking initiative, Jobomax Homes, a reputable home builder serving the diaspora and local communities across West Africa, has secured a strategic investment from the Nimba Fund, the first structured venture capital vehicle in Guinea. This pivotal investment aims to enhance access to affordable housing and housing finance in Guinea, an area sorely lacking in these crucial resources.

Founded with a strong belief in the power of sustainable housing, Jobomax has established a notable presence in countries including Guinea, Ghana, Cameroon, and Sierra Leone. The firm has successfully delivered hundreds of homes to people in the diaspora as well as local families. However, despite their success, the reality of affordable housing in Guinea is stark, with many families facing significant barriers to accessing mortgage loans and long-term financing options. This newly secured funding from Nimba Fund, managed by Niandan, seeks to address this gap directly.

The Mission of Jobomax

As co-founder and CEO Robert Hornsby articulates, the investment will allow Jobomax to accelerate their mission: making homeownership accessible to a larger segment of African families. "Together, we are amplifying our presence in target markets while paving the way for new opportunities across the continent,” he explains. The timing of this investment could not be better, as the demand for affordable housing continues to surge.

With Nimba Fund's backing, Jobomax plans to implement a local currency housing financing structure in Guinea, a crucial step towards creating a more accessible path to property ownership for many. Alexander Tounkara, founder and CEO of Niandan, emphasizes the fund’s commitment, stating, "Jobomax embodies the type of high-impact, high-growth company that Nimba Fund was created to support." The partnership aims to transform the landscape of housing in Guinea by developing affordable options and establishing a financing ecosystem that fosters sustainable homeownership.

Creating New Opportunities

The collaboration between Nimba Fund and Jobomax goes beyond just financial capital; it symbolizes a shared vision for the future of housing in Guinea. John Block, the investment director at Jobomax, shares insight on this perspective. "Niandan not only brings in capital but also a partnership that aligns with our long-term vision. Their West African roots and impact investment focus provide a unique perspective that will assist our growth. We are not just about building houses; we are creating a platform for inclusive growth across Africa.”

About Niandan and Jobomax

Niandan, headquartered in Conakry, is a venture capital and advisory firm dedicated to accelerating inclusive and sustainable growth in West Africa. Through the Nimba Fund, it supports local businesses, focusing on those that have a significant positive impact. On the other hand, Jobomax Homes is dedicated to providing affordable housing solutions for both the diaspora and local buyers across West Africa, with properties typically ranging between $30,000 and $250,000.

This investment arrives at an urgent point in time where many families struggle to access the necessary funding for housing. By facilitating better access to affordable housing, this partnership not only highlights the growth potential in this sector but also sets a precedent for future investments aimed at tackling one of the greatest challenges facing the region today.

In conclusion, as Nimba Fund champions Jobomax's mission to increase the availability of affordable housing in Guinea, the overall impact on local communities and families could be transformative. This collaboration signifies a substantial step towards building a more equitable future for many across West Africa.