Kinshasa – The Democratic Republic of Congo’s Finance Minister Nicolas Kazadi has announced the creation of a Strategic Real Estate Investment Fund. Presented at the Council of Ministers meeting on November 10, 2023, this new fund will manage and monetize specific real estate assets, including the Financial Center and the Convention Center.

According to Africa News Agency, the fund aims to position itself as a trusted partner for investors, co-investing with them in various strategic projects such as infrastructure management companies and Public-Private Partnerships. An initial state endowment of USD 25 million is allocated to enable the fund to generate an investment capacity of around USD 20 million.