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
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
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
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 has received USD 3,529,801.29 from the Government of Cameroon in additional capital subscription increasing its shareholding by 2% from the current shareholding of 3.61% to the revised shareholding of 5.24%. Cameroon, which recently acceded to the helm of … Continue reading Cameroon increases its stake in Shelter Afrique with payment of USD 3.5M
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 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
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