Shelter Afrique signs MoU with Chinese construction firms to scale up development of affordable housing

KENYA – Pan-African housing development financier Shelter Afrique has signed a Memorandum of Understanding (MoU) with two Chinese construction firms, Amberton International Holdings and Sichuan Huashi Enterprise Corporations E.A. LTD aimed at scaling up the development of large-scale affordable housing projects in Kenya and other Shelter Afrique member States.  The agreement which is expected to boost Shelter Afrique’s mandate of providing decent and affordable housing in Africa was signed in Nairobi by Shelter Afrique Chief Executive Officer Andrew Chimphondah, Amberton International Holdings Director Nancy Yu and Sichuan Huashi Enterprise Corporations…

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Shelter Afrique partners with World Bank to address affordable housing crisis in Africa

KENYA – Pan-African housing development financier Shelter Afrique has entered into a strategic partnership with the World Bank aimed at addressing the affordable housing crisis evident across the continent. The USD200,000 Technical Assistance (TA) partnership will provide advisory services funded under the Joint Capital Markets Program (JCAP) aimed at supporting Shelter Afrique’s capital market program. The JCAP program is an initiative of the World Bank Group (WBG) aimed at creating deep, efficient and well-regulated local capital markets for expanded access to long-term, local-currency finance in key areas such as climate,…

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British fund CDC, European Investement Bank target stake in Shelter Afrique

KENYA – British investment fund CDC Group is among four global development finance lenders gunning for membership in pan-African housing financier Shelter Afrique. Shelter Afrique, which is eyeing a turnaround in its fortunes, has been eyeing new shareholders as it seeks to diversify its recently shrunk capital base and improve its balance sheet. Shelter Afrique is jointly owned by 44 African governments including Kenya, the African Development Bank and African Re-Insurance Corporation. The firm contends that increasing its shareholding base is critical to mobilising wider resources as it keeps an…

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