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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