Real Estate and Construction

South Africa, Eqypt, Sudan, Libya, South Sudan, Eritrea, Mozambique, Equatorial Guinea, Ethiopia and Angola to join Shelter Afrique

Shelter Afrique is eager to welcome the remaining ten African countries that are not yet members, according to the Pan-African housing development funder. The countries are South Africa, Eqypt, Sudan, Libya, South Sudan, Eritrea, Mozambique, Equatorial Guinea, Ethiopia and Angola

This was revealed at a recent High-Level Conference on Affordable Housing Finance for Low-Income Groups in Tunis, Tunisia. The Arab Monetary Fund (AMF) and the Central Bank of Tunisia convened the conference, which was attended by significant participants in the housing sector, including officials from Shelter Afrique.

Shelter-Afrique’s share capital is held by two groups of Shareholders comprised of 44 African countries (Algeria, Benin, Botswana, Burkina Faso, Cameroon, Cape Verde, Central African Republic, Chad, Congo, Côte d’Ivoire, Democratic Republic of Congo, Djibouti, Gabon, Gambia, Ghana, Guinea Conakry, Guinea Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritius, Mauritania, Morocco, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, and Zimbabwe) fall into the “Class A” category, while the African Development Bank (AfDB) and the African Reinsurance Corporation (Africa-Re) fall into the “Class B” category.

“The high number of country membership at 44 attests to Shelter Afrique’s critical role in the provision of affordable housing across the continent.” “Our goal is to bring all 54 African countries on board as shareholders of this great pan-African development finance institution,” the Company stated in a statement.

The announcement further stated that the Company was working on enrolling more African indigenous enterprises under the “Class-B” category and expanding its shareholding to include non-African investors under the “Class-C” shareholding that it had already established.

Shelter-Afrique is a pan-African housing finance and development organisation founded by African countries to address the continent’s urgent need for a sustainable housing delivery system and accompanying infrastructural projects.

The organization offers financial solutions and related services to support the supply and demand sides of the affordable housing value chain. It also offers project management and advising services for large-scale affordable housing developments.

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