Wall Street Financier Tackles Affordable Housing


Image From Wall Street to building hundreds of thousands of homes in Africa, Anders Lindquist is deploying Swedish Tech and decades of high stakes financing to addressing the challenge of affordable housing.

As one of several high-profile international speakers at the East Africa Property Investment (EAPI) Summit on 10 & 11 April, Lindquist is the Co-founder of EchoStone Housing, an international developer seeking opportunities in East Africa.

“As a pioneer in their field, with a proven method of funding and unique technology, EchoStone represents a new class of developers and investors entering the regional market,” says EAPI’s host Kfir Rusin. Continue reading
March 17, 2019 International

EchoStone and NMRC Partner to Advance Efficient Housing Delivery in Nigeria

SOURCE: NIGERIA MORTGAGE REFINANCE COMPANY EchoStone Housing (EchoStone), a leading global provider of efficient Housing systems and the Nigeria Mortgage Refinance Company Plc (NMRC), Nigeria’s foremost Mortgage underwriter, have gone into a partnership to address one of the nations’ most pressing issues, which is to improve the operational efficiency of delivering commercially viable, qualitative and affordable housing. The Memorandum of Understanding (MoU), which was executed on the 19th of July 2017 will foster a partnership between NMRC and EchoStone to work towards the provision of housing finance, project advisory and structuring to increase affordable housing stock to drive mortgage creation and penetration in Nigeria. The agreement is also expected to promote knowledge, technological transfer and support between EchoStone and NMRC in relation to the residential Real Estate market in Nigeria. Continue reading
January 2, 2019 Nigeria

Building Strong Pillars for National Mortgage Market


The key elements for the growth of a national mortgage finance market are gradually taking shape. Major housing industry players including mortgage banks, financing institutions, and developers are working together in a more structured fashion.

The country’s mortgage market, which has for several decades, depended on bank deposits now raises longer-term funds from the Capital Market to make mortgages of up to 20 years possible and the regulatory framework for conducting mortgage transactions is being strengthened to reduce investment risk. Continue reading
January 2, 2019 International, Nigeria

EchoStone Technology Rekindles Hope for Affordable, Mass Housing


It was a defining moment for stakeholders in the built environment, when a property development firm, EchoStone Nigeria Limited last week unveiled its first house built in exactly 14 days. The feat, which experts said, rekindled hopes for a timely delivery of homes in Nigeria, was seen as a boost to government’s mass housing project and efforts at bridging the 17 million housing deficits in the country.

Elated by the speedy delivery of the project, Lagos State Commissioner for Housing, Gbolahan Lawal, said: “EchoStone represent technology at its best. Lawal, who spoke at a ribbon cutting ceremony held in the premises of the Lagos State Vocational Education Centre compound in Agidingbi, Ikeja, where the prototype building is located, said the house built in 14 days, is a proof that when technology is deployed, development will be faster. Continue reading
December 31, 2018 International