Nigeria commits $9.4m in Shelter Afrique, becomes second-largest shareholder
The Federal Government has committed $9.4 million to pan African housing development financier, Shelter Afrique (SHAF), which is owned by 44 African governments, African Development Bank (AFDB) and Africa Re.
Family Homes Funds, Shelter Afrique seal deal to improve housing
As the nation’s housing crisis continues to worry about the authorities, Nigeria’s largest Social Housing Fund - Family Homes Funds (FHF) has signed a Memorandum of Understanding (MoU) with pan-African housing finance institution, Shelter Afrique towards building more affordable homes in the country.
‘Banks must reserve earnings for property development’
Prince Oluseyi Lufadeju is a former Managing Director of the pan-African finance institution - Shelter Afrique and currently, Chairman, Board of Trustees, Real Estate Developers Association of Nigeria (REDAN). In this interview, he spoke with the Property & Environment Editor, CHINEDUM UWAEGBULAM on how property developers are weathering the storm in the housing industry and…
‘Demand for housing in Africa is rapidly outstripping supply’
Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply...
Shelter Afrique unfolds five-year new strategy, plans sack of workers
Amid huge debts overhang, the troubled Pan-African housing financier dealing exclusively with the promotion of affordable housing - Shelter Afrique...
Bad loans push Shelter Afrique to $2.16m loss
Troubled mortgage lender Shelter Afrique has reported a $2.16 million net loss for the six months ended June, compared to a net profit of $1.65 in the same period a year ago on the back of increased provisions for bad loans.
AFDB injects $28.2m into Shelter Afrique
This capital injection follows from the $8.2 million equity investment by AfDB and the commitment made by the bank at the recently concluded extraordinary general meeting held in Nairobi last month.
12 states pledge land for government’s new housing initiative
At least, 12 states have responded to a request by the Federal Government to release landed property to her on, which the latter intends to construct affordable homes for Nigerians...