Seso Global Partners with Africa Land Developers to Launch Dealroom to Invest $50M in Ghana Real Estate Developments

Seso Global, Africa’s most trusted property app, has launched a groundbreaking partnership with Africa Land Developers to commit $50M of affordable financing to property developers in Ghana and Nigeria over the next 5 years. This partnership provides a solution to a major challenge faced by established developers working in Ghana and Nigeria, who need investment to realize their goals. Furthermore, the two organizations seek to scale up this unique program to other major real estate markets in West Africa. This welcome development underscores Seso Global’s mission to expand opportunities and improve processes for real estate investment in Africa. 

African economies and populations have rapidly grown over the past two decades, drawing the attention of investors from around the globe. By extension, there has been a concurrent explosion in the demand for property in these markets. For instance some experts have identified significant housing deficits in countries like Nigeria (more than 20 million units) and Ghana (around 2 million units) today. 

Ghana in particular has become one of the most sought after destinations on the continent for tourism, commerce and real estate. The country has a strong track record of stability and is increasingly cosmopolitan. In spite of this encouraging growth, there are relatively limited opportunities for affordable financing for real estate developers in markets like Ghana and Nigeria. 

Research shows that financing options that exist in Africa require extensive collateral and come with crushing interest rates. Cash is key for developers but financing projects with their own cash slows the development cycle to a crawl. Africa Land Developers (ALD) was launched to connect the most promising real estate projects from the very best local developers with investors. The company works to develop sustainable opportunities for investors, developers, and people living in Africa by connecting cash investment with real estate projects. All ALD team members live in Africa which enables them to meet every developer and visit every project in-person in order to confidently syndicate deals from start to finish.

The founder of Africa Land Developers Eric Wood, an American proptech expert living with his family in Accra, Ghana, committed to creating affordable financing  for property developers in Africa to boost the growth of emerging real estate markets. He identified Seso Global as a strategic partner who can help identify verified developers that ALD can finance in addition to assisting in the marketing and sale of completed units. Some of the positive effects of access to long term financing will be more likelihood of success for real estate projects, decrease in construction time as well as longer term payment plans and savings for buyers. Ultimately, Seso Global and Africa Land Developers will work to create a conducive and profitable environment for real estate investment in Ghana. “Africa Land Developers was created to transform real estate development in Africa. Partnering with Seso Global enables us to more readily achieve that mission. Transforming real estate financial markets requires innovation at all levels. Combining efforts with Seso’s world-class software and groundbreaking real estate marketplace will help us move more quickly to solve the urgent real estate need in Africa and provide substantial returns to investors.” 

Seso Global has built Africa’s most trusted property marketplace, which is a unique one-stop-shop for digital real estate transactions. Through a unique ecosystem of services, they offer buyers access to trusted properties and professional service providers. This allows for a secured, efficient end-to-end property purchasing experience along the real estate value chain. Interested property developers and investors can access the dealroom through the website link (​​https://seso.global/dealroom) and be a part of building Ghana and solving the need for affordable real estate. “This partnership is a major milestone for ensuring the ability to deliver needed affordable housing to the market and will serve as a model to continue scaling up.” Daniel Bloch, CEO of Seso Global.