Tunis – July 19, (Mediaage NG) – Pan African housing financier, Shelter recently held a conference on ‘Affordable Housing Finance for Low-Income Groups‘, in Tunis, the Tunisian capital, where it revealed plans to onboard the remaining ten African countries yet to be members of the institute.
Organised by the Arab Monetary Fund (AMF) and the Central Bank of Tunisia, Shelter Afrique said at the conference that it’s objective is to onboard all 54 African countries as shareholderd of the institution.
“The high number of country membership at 44 attests to the critical role played by Shelter Afrique in the provision of affordable housing across the continent, Shelter said in a statement.
“Our goal is to onboard all 54 countries as shareholders of this great pan-African development finance institution”, it added.
The statement further said the pan African housing financier is working towards enrolling more African indigenous companies to be placed under Class-B category, expanding further its shareholding to accommodate non-African investors under Class-C shareholding, which is created already.
Shelter Afrique is a pan African housing finance and development institution established by African governments to address the need for a sustainable housing delivery system and related infrastructure projects in Africa.
Shelter Afrique’s share capital is held by two groups of Shareholders composed 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) in “Class A” category; and the African Development Bank (AfDB), the African Reinsurance Corporation (Africa-Re), as “Class B” category.
The institution provides financial solutions and related services to support the supply and demand side of the affordable housing value chain. It also provides advisory and project management services for large-scale affordable housing projects.
