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 

Fonds de Solidarite Africain (FSA) Becomes Shelter Afrique’s 47th Shareholder

Niamey-based Fonds de Solidarite Africain (FSA)has become the 47th shareholder of Shelter Afrique after paying 1 billion FCFA (approx. US$2 million) in capital subscription, granting it 0.6% stake in Company, the pan –African housing development finance disclosed Tuesday. Speaking at the signing of the Pledge of Subscription and the … Continue reading Fonds de Solidarite Africain (FSA) Becomes Shelter Afrique’s 47th Shareholder

Shelter Afrique, Africa’s finance and housing ministers issue joint declaration on mass housing

African Ministers and Heads of Delegation of Ministries in charge of Housing and Urban Development, African Finance Ministers, the Directors and Management of Shelter Afrique, and representatives of international, regional and national institutions, the private sector and civil society, have … Continue reading Shelter Afrique, Africa’s finance and housing ministers issue joint declaration on mass housing

Shelter Afrique extends US$9m housing loan to Wema Bank Plc as it completes plans for Local Currency Bond

Shelter Afrique Board has approved a line of credit worth US$9 million in housing loan to Lagos-based Wema Bank Plc.   The 7-year facility due for repayment in 2027 will be used for onward lending to developers and home buyers who … Continue reading Shelter Afrique extends US$9m housing loan to Wema Bank Plc as it completes plans for Local Currency Bond