Nigerian Banker Launches $25m Fund to Acquire Struggling Property Firms
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A new $25 million investment fund is targeting distressed real estate companies across Nigeria. The strategy aims to turn struggling businesses into regional property powerhouses.
Nigerian investment banker Kunle Ilori-Diamond has launched a $25 million acquisition fund to buy distressed real estate companies and microfinance banks facing financial pressure.
The initiative will focus on businesses with strong fundamentals but limited access to capital, with plans to consolidate and strengthen them before expanding into markets including Ghana, Kenya, Tanzania, and Zambia.
The strategy comes as rising borrowing costs, inflation, and tighter regulations weigh heavily on Nigeria’s property sector.
By combining real estate firms with licensed microfinance institutions, the fund aims to improve access to construction finance, mortgages, and housing finance while preserving jobs and supporting industry growth.
Read the full story at BusinessDay →