An exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia

dc.contributor.advisorAmetefe, Frank Kwakutse
dc.contributor.authorHamana, Olsen
dc.date.accessioned2022-02-22T03:54:52Z
dc.date.available2022-02-22T03:54:52Z
dc.date.issued2021
dc.date.updated2022-02-16T05:35:38Z
dc.description.abstractThis thesis aims to explore the current usage of the project finance model in Namibia, with the view to explore the viability of the project finance model as an alternative funding approach to the traditional funding structures currently used in affordable housing developments and other infrastructure sectors of the Namibian economy. The research identified a predictable and strong stream of cash flow from the project, healthy competition between equity and debt financier to reduce interest rates, end-user affordability and access to finance, good governance, and an attractive market as enabling factors for the project finance model to be effective in the Namibian context. The research further explored potential opportunities and challenges regarding the application of the model in Namibia. To gain insight into these research objectives, targeted interviews were conducted by key players and experts in the financing and housing sector. An extensive study of secondary sources, consisting of existing literature and data, was also undertaken. The analysis of findings from interviews and secondary sources shows that the project finance model is a viable instrument for affordable housing developments in Namibia. However, future users of the project finance model will need to adapt the model to fit the affordable housing financing criteria and, most importantly, identify and establish the sources of financing for the end-users.
dc.identifier.apacitationHamana, O. (2021). <i>An exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia</i>. (). ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management. Retrieved from http://hdl.handle.net/11427/35797en_ZA
dc.identifier.chicagocitationHamana, Olsen. <i>"An exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia."</i> ., ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management, 2021. http://hdl.handle.net/11427/35797en_ZA
dc.identifier.citationHamana, O. 2021. An exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia. . ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management. http://hdl.handle.net/11427/35797en_ZA
dc.identifier.ris TY - Master Thesis AU - Hamana, Olsen AB - This thesis aims to explore the current usage of the project finance model in Namibia, with the view to explore the viability of the project finance model as an alternative funding approach to the traditional funding structures currently used in affordable housing developments and other infrastructure sectors of the Namibian economy. The research identified a predictable and strong stream of cash flow from the project, healthy competition between equity and debt financier to reduce interest rates, end-user affordability and access to finance, good governance, and an attractive market as enabling factors for the project finance model to be effective in the Namibian context. The research further explored potential opportunities and challenges regarding the application of the model in Namibia. To gain insight into these research objectives, targeted interviews were conducted by key players and experts in the financing and housing sector. An extensive study of secondary sources, consisting of existing literature and data, was also undertaken. The analysis of findings from interviews and secondary sources shows that the project finance model is a viable instrument for affordable housing developments in Namibia. However, future users of the project finance model will need to adapt the model to fit the affordable housing financing criteria and, most importantly, identify and establish the sources of financing for the end-users. DA - 2021_ DB - OpenUCT DP - University of Cape Town KW - Project Management LK - https://open.uct.ac.za PY - 2021 T1 - An exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia TI - An exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia UR - http://hdl.handle.net/11427/35797 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/35797
dc.identifier.vancouvercitationHamana O. An exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia. []. ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management, 2021 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/35797en_ZA
dc.language.rfc3066eng
dc.publisher.departmentDepartment of Construction Economics and Management
dc.publisher.facultyFaculty of Engineering and the Built Environment
dc.subjectProject Management
dc.titleAn exploratory study of project finance as a funding model for affordable housing development in Windhoek, Namibia
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationlevelMSc
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