Shelter Afrique

Shelter Afrique (SAf), also known as Company for Habitat and Housing in Africa, is a pan-African finance institution created to exclusively support the development of the African real estate and housing sector. Through its strategic partnerships, it offers products and related services which support the efficient delivery of commercial real estate and affordable housing.

Shelter Afrique
Private
IndustryFinance
Founded1982
HeadquartersLongonot Road, Upper Hill, Nairobi, Kenya
Key people
Steve O. Mainda
(chairman)
Andrew Chimphondah (managing director & CEO)[1]
ProductsProject finance, institutional lending, equity investments, trade finance & social housing
RevenueUS$ 4.75 million (2013)
Total assetsUS$270,189,481 (2013)
Owner44 African Governments
AfDB
Africa Re
Websitewww.shelterafrique.org

Location

The main offices of the organization are located in a building on Longonot Road, Upper Hill, in Nairobi, the capital of Kenya. A regional office is located at 1129, Muhktar El-Yakub's Place, Central Business District, Abuja, Nigeria's capital city.

Overview

As of December 2017, SAf was a large multinational organization with total assets valued at approximately US$312 million, and shareholders' equity of about US$131 million.[2] Besides using its own funds, SAf has a list of collaborating financial institutions which provide funding for onward lending in the real estate and housing arena within the continent. Partner funding sources include: (a) Netherlands Development Finance Company (b) French Development Agency (c) European Investment Bank and (d) Commercial Bank of Africa.[3] SAf also works in collaboration with several international organizations with similar objectives, namely: 1. International Union of Housing Finance (IUHF) 2. Centre for Affordable Housing Finance in Africa (CAHF) and 3. UN Habitat for A Better Urban Future (UN-Habitat).[4]

Shareholders

The organization has 44 member African countries and two African financial multinational institutions:[5]

Governance

Nghidinua Daniel, a national of Namibia, serves as the Chairman of the Board of Directors. The Managing Director is Femi Adewole a national of Nigeria.[6]

See also

References
  1. Mutegi, Mugambi (24 June 2014). "Shelter Afrique Picks Ugandan As New MD". Business Africa Daily. Retrieved 26 June 2014.
  2. SAf, . (31 December 2017). "Shelter Afrique 2017 Annual Report & Accounts" (PDF). shelterafrique.org. Shelter Afrique (SAf). Retrieved 4 September 2018.CS1 maint: numeric names: authors list (link)
  3. Anyanzwa, James (22 June 2014). "Shelter Afrique Secures KSh1.7 Billion Housing Projects In Africa". The Standard (Kenya). Retrieved 26 June 2014.
  4. SAf, . (2013). "Shelter Afrique: History & Partners". Shelter Afrique (SAf). Retrieved 26 June 2014.CS1 maint: numeric names: authors list (link)
  5. SAf, . (15 March 2014). "Detailed Shareholding In Shelter Afrique (Part of 2013 Financial Report)". Shelter Afrique (SAf). Retrieved 26 June 2014.CS1 maint: numeric names: authors list (link)
  6. Shelter Afrique (31 December 2017). "Shelter Afrique 2017 Annual Report" (PDF). www.shelterafrique.org/. Shelter Afrique. Retrieved 4 September 2018.
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