Middle East & Africa

NSFAS appoints chief operations officer as new executive for core business

The National Student Financial Aid Scheme (NSFAS) has appointed Errol Makhubela as the new executive for Core Business, effective from December 1. Makhubela, who is now the Chief Operations Officer (COO), will form part of the NSFAS executive management in charge of student applications support, quality assurance, support services, and value-added support for an optimal student experience.

Prasa to accommodate more than 3000 students in CT

The R1.4 billion co-investment development of the Cape Town station includes the construction of student accommodation with 3 200 beds for NSFAS-eligible students. The project also includes the redevelopment of the 7 000 square metre retail precinct to improve foot traffic and commuter experience.

S.Afrika’s Growthpoint gaat $63 miljoen investeren in studentenhuisvesting

Zuid-Afrika's grootste vastgoedbedrijf Growthpoint gaat tot 2026 ongeveer 1,2 miljard rand ($63 miljoen) investeren in studentenhuisvesting, omdat het bedrijf rekent op een stijgende vraag vanuit de sector om een terugval op andere gebieden deels te compenseren.

Student financial aid cap a risk to Growthpoint portfolio

The decision by the National Student Financial Aid Scheme (NSFAS) to cap residential allowances for university students has short-changed Growthpoint’s student accommodation division, forcing it to rethink its exposure to lower-income students funded by the scheme.

IDBZ eyes student hostels for Lupane University

The Infrastructure Development Bank of Zimbabwe (IDBZ) said yesterday it was planning to build multi-million dollar hostels at Lupane State University under a Public-Private Partnership (PPP) arrangement to alleviate accommodation shortage for students.

Nsfas adds 3 000 beds to ease student housing crisis

The National Student Financial Aid Scheme (Nsfas) says it is engaging private accommodation service providers across the country, and has added an additional 3 000 beds this month.
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France set to benefit from boom in Sub-Saharan student mobility

A recent study released by Campus France predicts that the number of outbound Sub-Saharan African students could double to more than 850,000 by 2050. The number of outbound students from Sub-Saharan Africa increased by 21% between 2016 and 2021 and France currently plays host to the greatest number with 92,000 students.

Volley Student Living’s ambitious plans to transform the student housing market

Volley Brooklyn is the first development under the highly anticipated Volley Student Living brand, a new series of purpose-built student accommodation (PBSA) set to ignite a new era of student living in South Africa.

Student accommodation player increases investment in local startup

Student.com has increased its stake in South African tech start-up DigsConnect.com. Student.com initially invested an undisclosed amount in mid-2022, with founder CEO Luke Nolan saying that Africa offers exciting growth avenues for Student.com.

Absa, Acorn Holdings ink Sh6.7b student accommodation deal

Absa Bank Kenya and property developer Acorn Holdings have embarked on a Sh6.7 billion financing partnership to support the construction of 12,000-bed capacity hostels for university and college students over three years.
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