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Tag Archives: Shelter Afrique

Shelter Afrique to invest $180m to address housing deficit

Shelter Afrique

Shelter Afrique, a non-governmental organisation, is to invest 180 million dollars in five years toward addressing Nigeria’s housing deficit, its Managing Director, Andrew Chimphondah, said on Tuesday in Abuja. Mr. Chimphondah told the newsmen that the investment period would span from 2019 to 2024. He said that Nigeria was a strategic market for Shelter Afrique, adding that the outfit’s shareholders ...

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‘FMBN, REDAN, Shelter Afrique to create $2b affordable housing fund’

54,680 jobs in housing sector

“Some stakeholders have agreed to pool resources to tackle the housing problem headlong. This is by ensuring  improved access to credit facility and reducing development costs for low-income housing.”- The Nation The Federal Mortgage Bank of Nigeria (FMBN), Real Estate Developers Association of Nigeria (REDAN) and a pan-African finance institution, Shelter Afrique have joined forces to create a $2 billion ...

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Moves to tackle affordable housing shortage in Nigeria

17 million housing deficit

According to The Guardian, in the face of a housing deficit that numbers millions of units, Nigeria is working to tackle affordable housing shortage by improving access to credit and reducing development costs for low-income housing. Easing mortgage access In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned ...

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Housing Deficit: Mass Housing Still On The Agenda

Housing deficit

Nigeria’s housing deficit stands at 17 million units and the estimated cost of bridging this gap is N59.5trn. Industry estimates suggest that about 100,000 new houses are built each year in Nigeria, compared to estimated demand of 700,000 units.  The FGN recently disclosed plans to build 360 houses in three pilot states, develop a “Rent to Own” housing scheme for ...

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Shelter Afrique, CMB signs Agreement To Provide N3.3b Loan

Shelter Afrique, CMB signs Agreement To Provide N3.3b Loan

Shelter Afrique (SAf), a Pan-African housing finance and development agency, has signed an agreement with a real estate development company, CMB Building Maintenance and Investment Company Limited. The agreement, signed at the headquarters of the financial institution in Kenya, will provide a loan of N3.3 billion to the firms. SAF’s Managing Director Mr. James Mugerwa and Managing Director of CMB, ...

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Nigeria’s Customs Coop signs MoU to deliver 5000 housing units

The Pan-African finance institution exclusively supporting the development of affordable housing and real estate sector in Africa, Afrique has signed a Memorandum of Understanding with the Customs Coop of Nigeria. The MoU was signed during a working visit by senior Customs officials to Nairobi, Kenya. The MoU will see the two organisations come together to ensure the successful delivery of 5000 ...

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Lafarge in pact with Shelter Afrique to deliver low-income housing

Lafarge Africa Plc and Shelter Afrique, a Pan-African housing and development institution, on Monday signed a Memorandum of Understanding to facilitate housing development on a large scale for low income earners in the country. The agreement, whose implementation will commence with the development of identified sites in Abuja, is for an initial period of four years. The terms of the ...

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