AG Mortgage Bank is not just envisioning the future of African housing; they are seizing it.
With an audacious goal to create 300,000 mortgages within six years and scale to serve one million customers, the bank’s recent partnership with Invest Africa marks a pivotal step towards this ambitious target.
As AG Mortgage Bank celebrates its 20th anniversary, it welcomes Carrington Chantele, Managing Director, Invest Africa’s and her colleague, Vimbayi Kays, in a powerful alliance that promises to reshape the continent’s mortgage landscape.
Ngozi Anyogu, Managing Director, AG Mortgage Bank Plc articulated the bank’s bold vision: to be the undisputed leader in the Mortgage sector, providing livable and affordable homes for Nigerians,driven by an unwavering commitment to customer satisfaction.
This pursuit of excellence resonated strongly with Chantele who expressed Invest Africa’s keen interest in forging a dynamic relationship with AG Mortgage Bank Plc.
Read also: AG Mortgage Bank PLC: Celebrating 20 Years of Empowering Homeownership in Nigeria
Driving sustainable investment and growth
Invest Africa is a leading international business platform with an influential network of global businesses, investors, and entrepreneurs.
Their core objective is to drive significant and impactful investment into Africa, accelerating economic growth and fostering sustainable development.
Simon Ogwu, executive director/chief operating officer, AG Mortgage Bank Plc emphasised the strategic importance of this collaboration, stating, “We want to work with Invest Africa to bridge the gap with the diaspora market, enhance our global visibility, and address the critical issue of brand trust.”
He further highlighted Invest Africa’s programs aimed at connecting and empowering Africans, adding, “We are excited to partner with Invest Africa to launch their product.” This synergy between the two organisations will undoubtedly amplify their collective impact.
Pioneering a green and inclusive housing revolution
AG Mortgage Bank is determined to lead Africa in green housing finance, providing affordable and environmentally responsible housing solutions.
“We believe strongly in impact and are ready for green home financing. We want to show Africa and Africans that we support green housing and drive its adoption across the continent,” Ogwu said.
The bank recognises the urgent need to move beyond conventional sources of living, which are increasingly challenged by failing water and power infrastructure.
By strategically leveraging natural resources, AG Mortgage Bank Plc aims to tackle poverty and unemployment head-on, with the potential to alleviate these issues by as much as 50 percent.
Anyogu emphasised the pivotal role of fintech in this transformative vision. He said, “The world is driven by fintech, and we are exploring collaborations to build a sustainable economy.”
This initiative is a key component of AG Mortgage Bank’s six-year project to integrate technology into all its processes, enhance service delivery, provide affordable homes, and champion green housing. A core aspect of this commitment is ensuring that all mortgages comply with EDGE building standards.
The bank’s dedicated sustainability unit, led by Nwaichi Ngozi, has already made significant strides, empowering 500,000 individuals and training 100,000 youths in digitization, effectively taking them off the streets and instilling valuable discipline.
“We appreciate impact investors who share our vision to change the mortgage landscape,” Anyogu stated.
AG Mortgage Bank is also focusing on strengthening diaspora engagement to bridge the housing gap.
“We want to create mortgages using platforms that can address their housing issues,” Ogwu said.
The bank’s empowerment programs aim to equip young people with the skills and resources they need to access housing, recognizing that empowering youth is crucial for social stability and progress.
He added, “If you don’t empower them, they become a weapon. So, we train them, empower them, and help them access homes. That’s why we need impact support.”
With a firm commitment to its core values, AG Mortgage Bank expresses gratitude for its journey and its position as a leading mortgage bank.
It noted that the partnership with Invest Africa represents a bold step towards realising a sustainable, inclusive, and prosperous housing future for Africa.
