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Southern Africa

South African Housing Developer Receives IFC Funding

Alleyroads is constructing 1,061 affordable housing units in Johannesburg.

September 6, 2023

By Sneha Abraham
South African property developer Alleyroads has received ZAR175 million (US$9 million) from the International Finance Corporation (IFC) to support the construction of affordable rental housing units in Johannesburg. This is the second tranche of funding from the World Bank Group subsidiary, following the disbursement of ZAR130 million (US6.8 million) in 2022.  The

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