CDC Group, the UK’s development finance institution (DFI), has announced a $36 million (R500 million) commitment to Divercity Urban Property Fund, an affordable housing platform focused on the regeneration of South African cities.

This investment will fund the construction and management of more than 2,500 new residential units over the next five years predominantly in Johannesburg. It will provide quality, affordable and environmentally sustainable housing for low and middle-income ...