ShafPress

July 23, 2026

Shelter Afrique Development Bank Reports Strong 2025 Financial Performance, Achieves 20% Growth in Profitability

Shelter Afrique Development Bank Reports Strong 2025 Financial Performance, Achieves 20% Growth in Profitability

Rabat, Morocco – 11^th June 2026 – Shelter Afrique Development Bank (ShafDB) has announced a strong financial performance for the year ended 31 December 2025, underscoring the institution’s continued progress toward financial sustainability and its growing impact in financing affordable housing and urban development across Africa.

The Bank recorded a comprehensive profit of US$2.14 million, representing a 20% increase from US$1.79 million reported in 2024. The improved performance was supported by strong growth in lending activities, stable revenue streams, enhanced treasury performance, and gains from strategic investments.

During the year, ShafDB continued with a tempered resumption of underwriting new businesses. Loan disbursements rose by 162% to US$63 million, compared to US$24.06 million in 2024. This contributed to a 29% growth in the Bank’s net loan portfolio, which increased from US$134.78 million to US$174.08 million.

The Bank’s balance sheet strengthened further, with total assets growing by 12% to US$235 million from US$208 million in the previous year. Shareholders’ funds also increased to US$176.09 million, supported by profit generation and additional capital subscriptions from shareholders.

Despite an increase in operating expenses associated with institutional transformation and business growth, ShafDB maintained a positive comprehensive profit of US$2.14 million. Interest income remained stable at US$18.62 million, reflecting the resilience of the Bank’s core lending operations.

The most transformative milestone for the institution in 2025 was the $120 million concessional facility secured from the Arab Bank for Economic Development in Africa (BADEA). The facility under the Capital Increase Programme is designed to help Member States normalize their subscriptions and pave way for investment-grade credit rating.

During the year, the bank was successful in mobilization of additional funding of US$50 million facility from African Export-Import Bank (Afreximbank), enhancing the Bank’s capacity to support affordable housing projects and urban infrastructure development across the continent.

ShafDB also achieved significant progress in implementing its Treasury and Capital Markets strategy. The Bank successfully established its capability to structure synthetic local currency financing solutions, helping mitigate foreign exchange risks for borrowers and improving alignment between project revenues and financing obligations.

In addition, preparations are advanced for the Bank’s inaugural FCFA 60 billion Sustainable Bond Programme in West Africa and an approval of establishment of US$500 million East Africa Sustainable Bond Programme, positioning local capital markets as an important source of long-term development financing.

Commenting on the results, Mr. Lionel Zinsou, Chairperson of the Board of Directors of Shelter Afrique Development Bank, said:

“The Bank’s performance in 2025 reflects the successful execution of our transformation agenda and the strength of our governance, strategy, and partnerships. Achieving profitability while significantly expanding our lending activities demonstrates the sustainability of our business model and our ability to create lasting value for our shareholders, investors, and member states. As Africa continues to urbanize at an unprecedented pace, Shelter Afrique Development Bank remains committed to mobilizing capital at scale to support affordable housing, sustainable cities, and inclusive economic growth across the continent.”

Thierno-Habib Hann, Managing Director and Chief Executive Officer of Shelter Afrique Development Bank, added:

“The 2025 results mark another important milestone in our journey to becoming Africa’s leading housing and urban development finance institution. We grew our loan portfolio by nearly 30 percent, increased disbursements by 129%, strengthened our balance sheet, and diversified our funding sources while maintaining profitability. Equally important, we laid the foundation for future growth through new capital market initiatives, local currency financing solutions, and strategic partnerships that will enable us to scale our impact and better serve our clients across Africa.”

Mr Hann further noted that the Bank will continue to focus on delivering innovative and sustainable financing solutions that address Africa’s housing deficit, support climate-resilient urban development, and improve the quality of life for millions of Africans.

“The strong momentum achieved in 2025 positions us well to accelerate implementation of our development mandate and create even greater impact in the years ahead,” he said.

Looking forward, ShafDB will continue to focus on expanding its funding base, deepening local currency financing capabilities, strengthening its presence in African capital markets, and enhancing balance sheet efficiency to support sustainable growth and long-term development impact.

Notes to Editor

About Shelter-Afrique Development Bank

Established in 1981 in Lusaka, Zambia, Shelter Afrique Development Bank (ShafDB) is a Pan-African Multilateral Development Bank (MDB) dedicated to promoting and financing sustainable green housing, urban development and related infrastructure. It operates through a shareholding of 44 African governments and two institutional shareholders: African Development Bank (AfDB) and African Reinsurance Corporation (Africa-Re).

The institution is involved in financing housing and related infrastructure across the value chain, both on the demand and supply sides, through its four (4) business lines: Financial Institutions Group (FIG), the Project Finance Group (PFG), the Sovereign and Public-Private partnerships (PPP) Group, and the Fund Management Group (FMG).

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

July 22, 2026

Shelter Afrique Development Bank unveils new brand identity as it marks 45th Anniversary

Shelter Afrique Development Bank unveils new brand identity as it marks 45^th Anniversary

Rabat, Morocco – 9^th June 2026 – Shelter Afrique Development Bank (ShafDB) has unveiled it’s new brand as the bank transitions to become a fully-fledged Multilateral Development Bank.

The new brand was revealed in Rabat, Morocco as the bank held it’s 45th Annual Meetings. “Rebranding means more than a name change. It is not only changing the institutions framework of operations. The transition is expanding the role of the institution into a development bank making the institution more nimble and impactful across the housing value chain while creating jobs,” said Thierno-Habib Hann, Managing Director & CEO ShafDB

The Bank has been on a strategic mission to expand it’s financing portfolio to meet the growing demands in Africa’s housing sector. With a current membership of 44 African states and institutional shareholders such as the African Development Bank (AfDB) and African Reinsurance Corporation, the bank has been responsive to the growing needs in Africa’s housing sector.

“Our success will not ultimately be measured by strategies adopted, policies approved or meetings held. It will be measured by homes financed, cities improved, jobs created and lives transformed. The reform phase of the institution must now become the delivery phase,” noted H.E. Mr. Lionel Zinsou, Chairman, Shelter Afrique Development Bank.

The new transition to become a Multi-lateral Development Bank sets up ShafDB to be in the league of other pan-African multilateral lenders. The bank is eyeing bigger projects to bridge the 53 million housing deficit in Africa which needs about $1.3 trillion in financing.

“Our vision for the next five years and beyond is to lead the transformation of African housing sector in the continent to address urban infrastructure and create jobs,” noted the bank’s MD. The rebranding comes at a time African Multi-lateral Development Bank’s forge strong alliances to mobilize capital in a bid to lead to significant developmental impact.

The logo shines a spotlight on the bank with this year’s AGM timely theme: “The Future of Cities: Financing Inclusive, Green, and Resilient Urban Development.” Africa’s leading voices in housing, finance, and urban development are pushing towards more financing as the continent take charge of it’s housing future.

Notes to Editor

About Shelter-Afrique Development Bank

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

July 22, 2026

The Kingdom of Morocco will host the 45th Annual General Meeting of the Shelter Afrique Development Bank in June 2026

The Kingdom of Morocco will host the 45th Annual General Meeting of the Shelter Afrique Development Bank in June 2026

The meeting will be held from 9 to 11 June 2026 under the theme: “The Future of Cities: Financing Inclusive, Green and Resilient Urban Development.”

Nairobi, 29^th May 2026 – The Kingdom of Morocco will host the 45^th Annual General Meeting (AGM) of the Shelter Afrique Development Bank, scheduled to take place from 9 to 11 June 2026. The event will convene public policymakers, investors, housing experts, development partners, and private sector stakeholders from across Africa and beyond.

Under the theme “The Future of Cities: Financing Inclusive, Green and Resilient Urban Development,” the 45^th AGM will serve as a strategic platform for dialogue on the continent’s urban development priorities, the mobilisation of innovative financing mechanisms, and the strengthening of partnerships in support of sustainable, resilient, and inclusive cities.

The event will feature an Annual Symposium, a Ministerial Roundtable, the institution’s statutory meetings, business sessions, as well as a series of bilateral engagements between investors and stakeholders operating within the housing and urban infrastructure sectors.

Ministers responsible for housing, finance, and urban development from member states, representatives of regional and international financial institutions, property developers, institutional investors, and technical experts are expected to participate in this high-level meeting.

By hosting this 45^th edition of the Annual General Meeting, the Kingdom of Morocco reaffirms its commitment to sustainable urban development, affordable housing, climate resilience, and financial innovation in support of African cities.

Commenting on the convening of this General Assembly, the Management of the Shelter Afrique Development Bank emphasised that the meeting is being held at a pivotal moment for African cities, which are confronted with rapid urbanisation and increasing demands for modern, resilient, and inclusive infrastructure.

“The 45^th Annual General Meeting will provide a unique platform to identify concrete and sustainable solutions to the continent’s urban challenges. The Kingdom of Morocco offers an enabling environment for in-depth discussions on the future of African cities and the financing mechanisms required to support their sustainable transformation.”

The Kingdom of Morocco possesses recognised expertise in the areas of housing, spatial planning, sustainable infrastructure, and urban development, thereby positioning the country as a natural host for this important pan-African gathering.

The Shelter Afrique Development Bank is a multilateral financial institution established by African governments with the mandate to promote the financing of affordable housing, sustainable urban development, and related infrastructure across the continent. Its shareholder base comprises 44 African member states, in addition to several regional and continental financial institutions.

For further information regarding the 45^th Annual General Meeting, stakeholders are invited to consult the official communication channels of the Shelter Afrique Development Bank.

Notes to Editor

About Shelter-Afrique Development Bank

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

July 20, 2026July 20, 2026

African Union signs MoU with Shelter Afrique Development Bank (ShafDB)

African Union signs MoU with Shelter Afrique Development Bank (ShafDB) to boost development of sustainable housing for post-conflict & crisis affected communities

Congo, Brazzaville – 03rd June 2026 The African Union and Shelter Afrique Development Bank (ShafDB) have signed a Memorandum of Understanding (MoU) that will boost the development of sustainable housing for post-conflict and crisis affected communities in a bid to support inclusive urban development.

Speaking on the sidelines of the signing of the memorandum of understanding in Congo, Brazzaville, the African Union affirmed it’s position in championing for sustainable development across the continent. The MoU is to leverage and develop project pipelines for the two institutions.

“The signing of this memorandum of understanding is a true testament to our commitment to championing the Africa We Want. This is in alignment with Agenda 2063 which calls for an integrated, prosperous, and peaceful Africa” says Dagmawit Moges, Director Peace Fund Secretariat, African Union.

On his part, the Managing Director, ShafDB, Thierno-Habib Hann re-affirmed the importance of the partnership to the institution’s strategic focus on it’s Pan-African mandate.

“At Shelter Afrique Development Bank, we recognize that access to safe, decent, and affordable housing is not only a basic human need but also a catalyst for economic recovery, social cohesion, inclusion and long-term stability. Communities emerging from conflict and crises require more than emergency assistance; they need durable solutions that enable families to rebuild their future and participate fully in economic and social life of host communities.”

The partnership between, the African Union and ShafDB will promote peacebuilding, resilience and job creation through co-operation on capacity building and livelihood-oriented initiatives. This will include housing construction-related activities to support the socio-economic reintegration of youth and vulnerable populations including displaced persons, migrants and refugees.

African nations continue to endure multiple developmental challenges from resource mobilization to elevated conflict. The push towards institutional cooperation has been able to drive transformation of vulnerable communities across Africa. The call towards unlocking financing partnerships is expected to address the significant housing deficit Africa continues to face. These initiatives are expected to significantly impact delivery of sustainable housing, resilient communities to several priority sectors that promote inclusive development, leading to improved living conditions, and job creation.

Notes to Editor

About Shelter-Afrique Development Bank

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

May 16, 2025May 16, 2025

Algeria to Host Shelter Afrique Development Bank’s 44th AGM in July

Algeria to Host Shelter Afrique Development Bank’s 44th AGM in July

Algiers, Algeria – [14 May, 2025] – Algeria is set to host Shelter Afrique Development Bank’s (ShafDB) 44^th Annual General Meeting (AGM) and Housing Symposium in July 2025, the Bank has disclosed.

The high-level event, set to take place in Algiers from 15^th to 17^th July 2025 at Hotel El Aurassi in Algiers, Algers, will bring together key stakeholders, policymakers, investors, and development finance leaders to discuss strategies for advancing affordable housing and sustainable urban development across Africa.

The AGM, which will convene under the theme: “Self-Reliance and Sovereignty in the Housing Industry in Africa: Opportunities and Challenges”, will bring together Ministers of Housing and Finance from member States, shareholders, central banks, mayors, private developers, investors, and development finance partners to explore ways of transforming the promise of urban Africa into tangible, inclusive progress.

The meeting will provide a platform to review ShafDB’s performance, assess progress in its strategic initiatives, and formulate policies that will shape the institution’s role in addressing Africa’s housing and infrastructure challenges.

Speaking on the upcoming AGM, Shelter Afrique Development Bank’s Managing Director & CEO, Thierno-Habib Hann, expressed his enthusiasm about the selection of Algeria as the host country.

“We appreciate our member countries for their continued commitment to affordable housing and urban development across Africa. Algeria’s role in hosting the Extraordinary General Meeting in 2023—where Shelter Afrique was transformed into a Development Bank—and now the 44th AGM in Algiers, reflects the collective momentum and shared vision of our members. We look forward to collaborating with all our partners and stakeholders to advance impactful housing initiatives and drive inclusive economic growth across the continent,” Mr. Hann said.

Key agenda for the AGM will include discussions on capital mobilization, innovative financing mechanisms, and public-private partnerships to accelerate housing delivery.

Additionally, the meeting will feature ministerial roundtables and high-level policy dialogues; plenary sessions to explore urban resilience, local solutions to housing challenges; technical forums, exhibitions and investment showcases, and networking sessions aimed at fostering collaboration among industry stakeholders.

“As Africa continues to face a growing demand for affordable housing, Shelter Afrique Development Bank remains committed to championing solutions that enhance urban resilience, economic empowerment, and inclusive growth. The 44^th AGM in Algiers is expected to yield critical resolutions that will guide the institution’s strategic direction in the years ahead,” Mr. Hann quipped.

Notes to Editor

About Shelter-Afrique Development Bank

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

March 4, 2024March 4, 2024

AAMFI will reshape Africa’s economic path, Shelter Afrique says

AAMFI will reshape Africa’s economic path, Shelter Afrique says

ADDIS ABABA, 22 February 2024: Shelter Afrique Development Bank (ShafDB), a leading Pan-African institution committed to financing and advancing housing, urban, and related infrastructure development, has termed the formation of the Alliance of African Multilateral Financial Institutions (AAMFI) a ‘bold step in the right direction’, noting the move now places Africa in the best position to address its myriads of economic challenges and reshape its economic path.

At the Africa Union 37th Assembly of the African Heads of State and Government and Heads of African Multilateral financial institutions, in Addis Ababa, Ethiopia, where the Alliance was unveiled, Shelter Afrique Development Bank Managing Director & Chief Executive Officer Mr. Thierno Habib Hann said Africa has unique developmental challenges that require home-grown solutions to be effectively addressed.

“Shelter Afrique Development Bank is thrilled to be a founding member of AAMFI, a pivotal step in becoming a strategic negotiating force within Africa’s evolving financial landscape. This milestone presents an opportunity to address Africa’s distinctive economic hurdles. With AAMFI, we envision Africa reshaping its economic path; and for ShafDB it will be in the space of housing and urban development,” remarked Mr. Hann. Mr. Hann said.

AAFMI, which Shelter Afrique Development Bank co-founded alongside the African Export Import Bank, Trade and Development Bank, Africa Finance Corporation, African Reinsurance Corporation, African Trade and Investment Development Insurance, and ZEP-RE PTA Reinsurance Co, is envisaged to become a powerful negotiating body that will improve Africa’s position in the global financial system. In addition to the six co-founders, its membership is also open to all other institutions established under treaty agreements by African states.

African-owned

The Alliance, which is also known as the Africa Club, is an alliance of treaty-based African-owned and controlled Multilateral Financial Institutions. Its mandates include addressing Africa’s development finance needs, promoting the interests of member states, advocating for Africa on global finance issues, developing innovative finance tools, supporting sustainable finance strategies and coordinating debt management negotiations.

In his address at the launch, the African Union Champion for African Union Financial Institutions, His Excellency Nana Akufo-Addo, the President of Ghana, underscored the significance of the Africa Club in driving Africa’s economic transformation.

“The establishment of the Africa Club signifies our collective commitment to surmount financial challenges and propel Africa towards sustainable development. Together, we will harness our strengths and resources to unlock the continent’s boundless potential.” President Akufo-Addo said.

The President also noted that Africa Union was fast-tracking the establishment of African Union Financial Institutions (AUFI), which will include the African Central Bank, the African Monetary Fund, the African Investment Bank, and the Pan-African Stock Exchange.

“The African Central Bank, the African Monetary Fund, the African Investment Bank and the Pan-African Stock Exchange are critical institutions that will support the continent’s socio-economic Transformation. These institutions are needed more than ever to strategically insert the continent in the global financial landscape not as a beggar of resources but, a self-sustained financed continent that leads its transformation with appropriate domestic resources,” the President said.

Notes to Editor

About Shelter-Afrique Development Bank

Shelter Afrique Development Bank Development Bank is a Pan-African institution solely dedicated to financing and promoting housing, urban & related infrastructure development across the African continent. ShafDB operates through a partnership involving 44 African Governments, as well as the African Development Bank (AfDB) and the Africa Reinsurance Corporation (Africa-Re).

Shelter Afrique Development Bank Development Bank delivers financial solutions and associated services that support both the supply and demand aspects of the affordable housing value chain. As a premier provider of financial, advisory, and research solutions, ShafDB focuses on addressing Africa’s housing crisis through financial institutions, project finance and public-private partnerships, striving to achieve sustainable developmental impact.

Alliance of African Multilateral Financial Institutions – AAMFI

The Alliance of African Multilateral Financial Institutions (Africa Club) seeks to address the specific needs of African sovereigns and facilitate their access to essential financing mechanisms as Africa embarks on a journey towards prosperity and self-sufficiency.

Leveraging the expertise and resources of its member institutions, the Africa Club is poised to catalyze growth across various sectors, including infrastructure, trade, and investment and to redefine the continent’s financial landscape, ushering in a new era of inclusive and sustainable development.

For more information, please visit http://www.shelterafrique.org/

Follow Shelter Afrique on Twitter, LinkedIn and Facebook

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

February 15, 2023February 15, 2023

Shelter Afrique Delegation meet Nigeria’s Housing Minister ahead of AGM

Shelter Afrique delegation meet Nigeria’s Housing Minister ahead of AGM

1. Company’s 42^nd Annual General Meeting will be held in Abuja during the week of 8^th to 11^th May 2023.

Abuja, Nigeria – 15 February, 2023: Shelter Afrique delegation led by the Board Chairman Dr. Chii Akporji and Managing Director & CEO Mr. Thierno-Habib Hann held a five-day working tour of the Nigerian market where the team held talks with several stakeholders, among them, the Hon. Minister for Works and Housing, Babatunde Raji Fashola.

The team appraised Hon. Fashola on the preparations for the Company’s 42^nd AGM, which will be held in Abuja, Nigeria during the week of 8^th to 11^th May 2023.

“Shelter Afrique is grateful to the Government of the Federal Republic of Nigeria through your Ministry for supporting the delivery of its mission of providing decent and affordable housing for all in Africa. We deeply appreciate the role Nigeria has played in safeguarding the organisation and the role you have played personally in being a vanguard and a voice of reason for the shareholders,” Dr Akporji said.

“I’m glad to inform you that preparations for the 42^nd AGM are on course as the invitations have already been sent out through your office and Shelter Afrique team is working on garnering the required quorum for a successful meeting,” Dr. Chii Akporji quipped.

Receiving the delegation, Hon. Fashola implored the board and management of Shelter Afrique to take a leading role in financing the provision of affordable housing in Africa based on impact. He also appealed to the board to strengthen and safeguard the organisation’s corporate governance credentials as it moved into a new phase.

He mentioned that as a major stakeholder, Nigeria will continue to hold Shelter Afrique to the highest standard of governance as this is critical in unlocking further investments into the organisation.

Key market

Mr. Hann said a strong mission to Nigeria shows the importance Shelter Afrique places in the Nigerian market, adding the country has a critical part to play in addressing affordable housing crisis in Africa.

“Nigeria is one of the key market for us. Besides being the second largest shareholder after Kenya, Nigeria has one of the biggest housing needs in Africa and we are certain that if we get it right with Nigeria, we shall have gotten it right with the entire continent,” Mr. Hann said.

The team also paid courtesy calls and held talks with several other stakeholders including representatives, Ministry of Finance, Budget and National Planning, Hon Zainab Ahmed, who reaffirmed Nigeria’s firm commitment to Shelter-Afrique as one of the largest shareholders.

Other key stakeholders the team met include management and representatives from the Nigeria Mortgage Refinance Company, Mixta Africa, Landmark Africa, Infracredit, Keystone Bank, Access Bank, Lekki Gardens, the African Development Bank, Wema Bank, The Real Estate Developers of

Nigeria (REDAN), Family Home Funds, Modern Shelter, Nigerian Sovereign Investment Fund (NSIA), Chapel Hill Denham, UPDC, one of the largest Real Estate developers in Nigeria, Africa Finance Corporation, as well as the Deputy Governor of the Central Bank of Nigeria; Mrs. Aisha Ahmad.

“We have had great and successful working sessions with our partners and stakeholders in Nigeria and I believe this sets pace for next phase of our engagements,” Mr. Hann concluded.

Notes to Editor

Shelter Afrique

Shelter-Afrique is the sole pan-African housing finance and development finance institution established by African governments to

address the need for a sustainable housing delivery system and related infrastructure projects in Africa. Shareholders include 44 African countries, the African Development Bank, and the African Re-Insurance Corporation.

The Institution’s mandate is to provide advisory and financing through debt, quasi-equity, and equity to public and private institutions for housing and urban infrastructure projects in its member countries. Shelter Afrique builds strategic partnerships and offers various products and related services to support the efficient delivery of affordable housing and related commercial & social infrastructure. These include project finance, lending to Financial Institutions, equity investments & joint ventures, SME & Trade Finance for housing, and Gender, Climate friendly Green/Resilient housing.

The Institution offers practical advice and technical assistance to a wide range of industry stakeholders.

For more information, please visit http://www.shelterafrique.org/

Follow Shelter Afrique on Twitter, LinkedIn and Facebook

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

January 31, 2023February 2, 2023

Shelter Afrique unveils new five-year strategic plan.

Shelter Afrique unveils new five-year strategic plan.

1. The new strategy, dubbed the ‘New Dawn’, is expected to position the Institution for growth through improved governance, operational and financial performance.

Nairobi, Kenya – January 31, 2023: Pan-African housing development financier – Shelter Afrique has unveiled a five-year strategic plan to restore the Institution’s performance, competitiveness, and value creation for the long term. Shelter Afrique unveiled the plan during a Ministerial and Board retreat in Nairobi, which was also attended by the Shareholders’ Bureau represented by Zimbabwe, Nigeria and Rwanda who currently serve as President, First Vice-president, and Second Vice-President of the Bureau, respectively. Development partners such as the African Development Bank, and investment partners such as Actis, Mi Vida and Shapoorji Pallonji (India) were also in attendance. Side discussions were held with Bilateral partners such as CDC, now known as BII (British International Investment), one of the initial shareholders of the Institution.

The new 2023-2027 strategic plan, dubbed the ‘New Dawn’, is expected to position the Institution for growth through improved governance, operational and financial performance.

The plan focuses on building relationships with various stakeholders to deliver strong and impactful business performance based on a new corporate structure fit for purpose.

Refocusing the business

Speaking at a retreat organised by the Institution in Nairobi to appraise the Board of Directors, shareholder representatives, and business partners, Shelter Afrique Chairman Dr. Chii Akporji said the unveiling of the new strategic plan was an important milestone for the Institution.

“The new strategic plan that we have dubbed the ‘New Dawn’ has laid the foundations to refocus our business on growth and impact, while creating sustainable returns for our shareholders and all our stakeholders. It has the board’s unanimous support and provides the Institution with a clear compass,” Dr. Akporji said.

Dr. Akporji welcomed the new Managing Director and CEO, Mr. Thierno-Habib Hann and thanked the board for showing a great sense of responsibility and collective support to the new leadership paving the way to “creating conditions necessary to enter this new phase confidently”.

Echoing the Chairman, Shelter Afrique’s new Managing Director and CEO, Mr. Thierno-Habib Hann said it was imperative for the Institution to refocus, deliver and scale up, following the successful conclusion of its restructuring program.

“The past 20 years provided us with some vital lessons which have been critical in developing the new strategic plan – a plan centred on sustainable and competitive growth while delivering consistently and enhancing shareholder value.” Mr. Hann said.

Mr. Hann added that the new strategic plan offers the Institution an impetus to focus more on clients, business performance, and staff; provides a framework for upscaling engagements with various stakeholders; offers a motivation to bolster the institution’s corporate governance credentials; and creates the momentum to introduce new product lines.

“While driving Mobilization and Syndication, we will be focusing on four business lines, namely (1) Funded and unfunded lines of credit to financial institutions to finance housing solutions, (2) Project Finance for large-scale housing initiatives; (3) Affordable Housing PPPs structuring and (4) Thematic Housing Fund Management and Advisory Services. The new strategic plan envisages a streamlined approach, which allows us to reach the end users by establishing new product structures such as Employer Staff Housing Funds, Green/Resilient homes and Rent-To-Own financing”, Mr. Hann explained.

New organisational structure

The unveiling of the new strategy has necessitated the re-alignment of the organisation and the introduction of a new organisational structure and operating model designed to support the Institution’s innovation, growth, and productivity ambitions for the next five years.

Effectively, the Institution has created new units which will focus the business on financial institutions, project finance, fund management, and public-private partnerships. Additionally, the Strategy, Policy, research and partnerships functions will also be driven from the CEO’s office.

“We believe the new organisational model is central to the successful implementation of our new strategic plan as it will make us more agile and competitive, enhance client focus, unlock significant potential across the business, and drive value-creation through operational efficiencies,” Mr. Hann concluded.

Notes to Editor

Shelter Afrique

Shelter-Afrique is the sole pan-African housing finance and development finance institution established by African governments to address the need for a sustainable housing delivery system and related infrastructure projects in Africa. Shareholders include 44 African countries, the African Development Bank, and the African Re-Insurance Corporation.

The Institution offers practical advice and technical assistance to a wide range of industry stakeholders.

For more information, please visit http://www.shelterafrique.org/

Follow Shelter Afrique on Twitter, LinkedIn and Facebook

For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

January 11, 2023February 2, 2023

Thierno-Habib Hann assumes office as the CEO of Pan-African Housing Institution, Shelter Afrique

Thierno-Habib Hann assumes office as the CEO of Pan-African Housing Institution, Shelter Afrique

Mr. Thierno-Habib Hann brings to the Company over 20 years of international experience in housing finance, capital markets/investment banking and structured finance.
Mr. Hann has a diverse experience across the private sector, public sector and DFIs

Nairobi, Kenya: 11 January 2023 – Mr. Thierno-Habib Hann has assumed the position of the new Managing Director and Chief Executive Officer of the Nairobi-based Pan-African housing development financier Shelter Afrique following his appointment in August last year.

Mr. Hann joins Shelter Afrique from the International Finance Corporation (IFC), where he served as the Asia/Pacific Lead for housing finance, based in Bangkok, Thailand.

He takes over from Mr. Kingsley Muwowo, who has been serving in an acting capacity following the change in management last year.

Mr. Hann has extensive international experience in housing finance, capital markets/investment banking and structured finance spanning over 20 years. He brings a wealth of leadership experience in development and investment, sharp insight into the real estate landscape and a strong track record of delivery.

He is expected to strengthen governance, be an embodiment of the organisation’s values and drive the investment strategy of the Company focused on delivering large-scale affordable housing.

Speaking on his appointment, Mr. Hann expressed his gratitude and appreciation, “I’m happy and honoured to take on the new role at Shelter Afrique; I would like to extend my appreciation to the Shareholders and the Board of Directors for their confidence in me. I would like to thank the staff, partners and stakeholders for their warm welcome and their commitment to the mandate of Shelter Afrique. I am also grateful to my former colleagues at the IFC and World Bank. The institution and title may have changed, but I believe we all share a joint commitment and goal of developing our world and I look forward to collaborating with them. I would especially like to thank Mr. Kingsley Muwowo for the role he has played in the transition and for his personal and professional support; his service to the Company as CFO and eventually as Acting CEO has been invaluable to the Company.

Mr. Hann continued on the significance of Shelter Afrique and affordable housing on the continent, “Housing is critical to the development of any nation, and Shelter-Afrique’s mandate is both unique and important, particularly as many African countries face a significant turning point in their housing agenda. We want to be part of this turning point. It is an honour to lead this team, and together, we will work towards harnessing national resources to improve local populations’ living conditions and to achieve Shelter Afrique’s mandate,”

Illustrious career

Mr. Hann began his career at the consulting firm Arthur Andersen, LLC as a Senior Consultant in Financial Services and Capital Markets in New York City. He has worked at JPMorgan Chase and Goldman Sachs as Manager and Vice President, respectively and led investment teams issuing mortgage-backed securities (RMBS/CMO) and credit derivatives (CDS) in these organisations.

He also served at the World Bank Group as the Private Sector Development Program Manager in Guinea, responsible for designing and implementing the business climate improvement program while developing a bankable pipeline of investments and government advisory projects in strategic sectors of the economy.

Hann holds an MBA in Finance & Investments from the Zicklin School of Business, Bernard Baruch, City University of New York; a master’s degree in Accounting and Finance (M.S.T.C.F) and a bachelor’s degree in Management and Applied Economics (GEA), from Paris IX Dauphine University, with honours.

A native of Guinea (Conakry), Habib is the co-founder of “AngelAfrica” – a Pan-African thinktank formed to achieve economic prosperity on the continent by building and fostering innovative technological ideas, investors and business partnerships.

New Beginnings

Speaking on his plans for Shelter Afrique, the new Managing Director emphasised his focus on growing the portfolio with quality assets, generating impact for stakeholders, and ensuring shoring up the organisation’s capital base. “My immediate focus will be to optimise the organisation’s performance and ensure we deliver on our mandate. To do this, in the immediate term, management is committed to strengthening the brand and corporate governance, ensuring financial sustainability with a strong execution capability, strengthening risk management framework as well as deepening capacity within the organisation and advocating for innovative solutions in the delivery of affordable housing.

“I also plan to embark on broad stakeholder engagement to understand other ways to address our mandate; we welcome the views of our shareholders and partners as the task of delivering affordable housing is a shared one, and no single organisation can address the growing housing crisis alone”.

Hann also commented on the current organisation renewal and corporate governance, “We are very pleased that as part of our renewal, our Board has nominated two women to lead as Chairperson and Vice-Chairperson for the first time in our history. We look forward to their stewardship and vision for the organisation”.

Notes to Editor

Shelter-Afrique is a pan-African housing finance and development institution established by African governments and African Development Bank (AfDB) to address the need for a sustainable housing delivery system and related infrastructure projects in Africa. Shareholders include 44 African countries, the African Development Bank, the African Re-Insurance Corporation, and Fonds de Solidarité Africain (FSA).

The company’s mandate is to provide financing through debt, quasi-equity, and equity to public and private institutions for housing and urban infrastructure projects in its member countries. Shelter Afrique builds strategic partnerships and offers a host of products and related services to support the efficient delivery of affordable housing and related urban/social infrastructure. These include project finance, financial institutions lending, equity investments & joint ventures, trade finance, and social housing.

We also offer advisory services and technical assistance to a wide range of industry stakeholders.

For more information, please visit http://www.shelterafrique.org/

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For further enquiries, please contact:

Mike Omuodo | Media Fast PR| Tel: +254 736 014 596| Email: mike.omuodo@mediafast.co.ke|

November 14, 2022

Shelter Afrique grants a line of credit of US$ 13 million to the Bank “Banque Populaire de Mauritanie”, BPM

Shelter Afrique and the African Solidarity Fund (FSA have joined forces to contribute to Africa's economic development

Shelter Afrique grants a line of credit of US$ 13 million to the Bank “Banque Populaire de Mauritanie”, BPM

The facility will be used to provide housing loans to BPM clients.

Nairobi: 8 November 2022: The Board of Directors of Shelter-Afrique, the pan-African housing development finance company, has approved a US$13 million line of credit to the second largest bank in Mauritania, Banque Populaire De Mauritanie (BPM).

The 10-year loan with a 24-month moratorium will be used to provide mortgage loans to civil servants and staff of well-established private and parastatal companies. The facility may also be used to provide loans to BPM’s corporate clients for the acquisition and marketing of construction materials.

Commenting on the agreement, the Ag. Managing Director of Shelter Afrique; Mr. Kingsley Muwowo, said the line of credit will enable the Bank to expand its operations around affordable housing and contribute to solving the problem of housing shortage in Mauritania.

“Many African countries are facing a housing shortage and Mauritania is no exception. The approval of the $13 million facility to the Banque Populaire de Mauritanie reaffirms our commitment to addressing Mauritania’s housing shortage by providing affordable housing solutions for its citizens,” said Mr Kingsley.

This is the third line of credit that Shelter Afrique has granted to the Banque Populaire de Mauritanie, the two previous loans having been fully repaid.

For his part, the General Manager of the Banque Populaire de Mauritanie, Mr. Limam Ebnou, welcomed the long-standing partnership between the two institutions.

“Our partnership with Shelter-Afriques dates back to 2011, when Société Mauritania Leasing, which became Banque Populaire de Mauritanie in 2012, benefited from its first facility. We are pleased to partner again with Shelter Afrique for a project of such magnitude, because of the many families that will be impacted. We look forward to a successful relationship and to continuing to explore other areas of interest together,” said Mr Ebnou.

This facility is expected to have a direct impact on hundreds of families, as the bank aims to roll out the financing across its branch network.