In Brief

Shelter Afrique eyes 10 more countries in membership drive

Pan–African housing development financier Shelter Afrique is onboarding the remaining 10 African countries that are not yet its members. The announcement came following a High-Level Conference on Affordable Housing Finance for Low-Income Groups held in Tunis, Tunisia.

The Conference was organized by Arab Monetary Fund (AMF) and the Central Bank of Tunisia and attended by key players in the housing sector, including representatives from Shelter Afrique.

Shelter-Afrique’s share capital is held by two groups of Shareholders composed of 44 African countries in “Class A” category; and the African Development Bank (AfDB), the African Reinsurance Corporation (Africa-Re), as “Class B”  category.

“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. Our goal is to onboard all 54 countries as shareholders of this great pan-African development finance institution” the Company said in a statement.

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.

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