Shelter Afrique to hold its 40th AGM in Yaoundé, Cameroon

CAMEROON – Yaoundé, the capital city of Cameroon will host Shelter Afrique’s 40th Annual General Meeting (AGM) and annual housing symposium. The event is scheduled to take place between 20th – 26th June 2021 under the theme: Four Decades of Affordable Housing Policies in Africa: Mapping the Next Forty Years. Shelter Afrique Group Managing Director & Chief Executive Officer Andrew Chimphondah and Cameroon’s Minister of Housing and Urban Development Hon. Celestine Ketcha Courtes (who is also the 1st Vice Chairperson of the AGM Bureau) signed the hosting country agreement in…

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Government of Mali settles its US$2m capital subscription arrears in Shelter-Afrique

MALI – Shelter-Afrique, a pan-African housing development finance institution, has received US$2 milllion from the government of Mali, being the full settlement of its capital subscription arrears. Mali becomes the fifth shareholder to fully settle Shelter-Afrique’s 2013 and 2017 calls for funds after Zimbabwe, Lesotho, Morocco and Namibia. Mr. Andrew Chimphondah, the Director General of the Shelter-Afrique group, flattered the government of Mali for its demonstration of confidence in the institution and recalled that Mali has often shown the way in ensuring that the company is well capitalized. “This is…

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Real estate financer Shelter-Afrique partners with Togo to build low-cost housing units

TOGO – Shelter-Afrique, a real estate finance institution, and the Togolese government have announced the building of 3,000 low-cost housing units in Lomé. Shelter-Afrique, a pan-African finance institution, committed to partially finance the project and, as lead arranger, mobilize other investors to secure the remaining amount. For its part, the Togolese government will provide the needed land, infrastructure, and tax incentives for its smooth realization. This is in a context where the housing deficit in the Togolese capital surged over the past decade, due to population growth and accelerated urbanization. …

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