22 Feb, 2016
Posted by Emil Bengtsson

By Zimbabwe Independant

Realty Africa Zimbabwe’s platform went live at the beginning of this month becoming the first crowd-funding entity to offer property crowd-funding in Africa, businessdigest has learnt.

Crowd-funding is the practice of funding a project or venture by raising monetary contributions from a large number of people, usually through the internet.

Realty Africa Zimbabwe country representative Lindah Mbidzo told businessdigest this week that by going live, property developers could now apply on the platform.

“As Realty Africa, going live means that we are now taking applications from property developers and basically funding projects on the platform,” Mbidzo said.

She said the Diaspora Construction is the second product on the platform. Mbidzo said the platform allows those in the Diaspora to build property in the country through a service that is transparent without needing the assistance of a third party.

Mbidzo revealed that they will soon add two new products which are namely the Micro Finance Crowd Funding and Realty Africa Connect, which will connect landowners to land developers.

She said Realty Africa has signed a service agreement with audit firm Deloitte, as an independent third party, which will perform the checks of the project viability and integrity on the property developer while Imara Fiduciary will act on behalf of the investors and issue the securitised participating shares.