Housing development financier for all of Africa In order to improve the Institution’s performance, competitiveness, and value generation over the long term, Shelter Afrique has launched a five-year strategic plan.
The Shareholders’ Bureau, which is now represented by Zimbabwe, Nigeria, and Rwanda as its President, First Vice-President, and Second Vice-President, respectively, attended the Ministerial and Board retreat in Nairobi when Shelter Afrique launched the strategy. Participants included investment partners Actis, Mi Vida, and Shapoorji Pallonji (India), as well as development partners including the African Development Bank. Side conversations were had with bilateral partners like CDC, one of the institution’s original owners and currently known as BII (British International Investment).
The institution is supposed to be better prepared for expansion through enhanced governance, operational, and financial performance under the revised 2023–2027 strategic plan, nicknamed the “New Dawn.”
The strategy focuses on fostering relationships with many stakeholders in order to achieve powerful and significant business performance based on a new organizational structure that is suitable for the task at hand.
Dr. Akporji greeted Mr. Thierno-Habib Hann, the new Managing Director and CEO, and thanked the board for their united support of the new leadership and for “providing the conditions necessary to enter this new era confidently.”
Following the successful completion of its restructuring program, Shelter Afrique’s new Managing Director and CEO, Mr. Thierno-Habib Hann, echoed the Chairman in saying that it was critical for the Institution to refocus, deliver, and scale up.
Refocusing the business
The organization has had to be realigned in order to achieve the Institution’s goals for innovation, development, and productivity over the next five years. Additionally, a new organizational structure and operating model have had to be introduced.
The Institution has, in fact, established new divisions that will concentrate commercial efforts on financial institutions, project financing, fund administration, and public-private partnerships. The CEO’s office will also be the hub for the Strategy, Policy, research, and partnerships activities.