DRC pays a total of US$4,203,706.01 to clear its capital arrears due to Shelter Afrique

The government of the Democratic Republic of Congo (DRC) has cleared its capital arrears in Shelter Afrique after paying the outstanding amount of USD1,703,826.79, the pan-African housing development financier has disclosed. The move now takes DRC’s shareholding in the Company … Continue reading DRC pays a total of US$4,203,706.01 to clear its capital arrears due to Shelter Afrique

Shelter Afrique to establish southern Africa regional office in Zimbabwe

The Nairobi-based pan-African housing development financier, Shelter Afrique is considering establishing a Southern Africa regional office in Harare, Zimbabwe.    Shelter Afrique Group Managing Director & CEO Andrew Chimphondah made the announcement after meeting Zimbabwe’s Minister for Housing and Social Amenities Hon. … Continue reading Shelter Afrique to establish southern Africa regional office in Zimbabwe

Shelter Afrique Voted Africa’s Top Real Estate Financier

Pan African housing development financier, Shelter Afrique has won the Africa’s Best Real Estate Finance Company Award for the year 2021. The Award conferred by the London-based Capital Finance International (CFI) is in recognition of the Company’s contribution towards financing affordable housing projects across … Continue reading Shelter Afrique Voted Africa’s Top Real Estate Financier

Shelter Afrique urges African Governments to prioritize housing to achieve SDGs

Pan-African housing development financier, Shelter Afrique has urged African governments to prioritize provision of affordable housing to their citizens as a key step towards achieving the Sustainable Development Goals (SDGs). Speaking in Nairobi after paying a courtesy call to Kenya’s … Continue reading Shelter Afrique urges African Governments to prioritize housing to achieve SDGs

Shelter Afrique and Government of Cameroon to Establish a Housing Company

Shelter Afrique Board has approved the establishment ofa construction company in Cameroon at an estimated cost of USD15 million. The Industrial Housing Corporation (IHC) is a joint venture initiative which will be managed under a Special Purpose Vehicle (SPV), with Shelter … Continue reading Shelter Afrique and Government of Cameroon to Establish a Housing Company

Democratic Republic of Congo pays USD2.5m for additional stake in Shelter Afrique

Pan-Africa housing development financier, Shelter Afrique has received USD2.5 million in additional capital subscription from the Government of the Democratic Republic of Congo, DRC post the 40th AGM held in Yaounde Cameroon on the 24th June 2021. The Additional stake now takes … Continue reading Democratic Republic of Congo pays USD2.5m for additional stake in Shelter Afrique

Shelter Afrique fully repays commercial debts, eyes regional bonds

Pan-African housing development financier Shelter Afrique has fully paid commercial debts owed to eight lenders, giving the company the leverage to underwrite new debt. In 2018, Shelter Afrique signed a Debt Restructuring Agreement with the eight lenders – six DFIs and two commercial … Continue reading Shelter Afrique fully repays commercial debts, eyes regional bonds

Shelter Afrique receives USD2.7m capital boost from Tanzania 

The Government of Tanzania has increased its stake in Shelter Afrique after paying USD2.7 million in additional capital, the pan-African housing development financier has disclosed. The Additional stake now takes Tanzania’s shareholding to 1.54% up from 0.3% held previously. Effectively, the … Continue reading Shelter Afrique receives USD2.7m capital boost from Tanzania