{"id":13648,"date":"2014-04-04T10:28:24","date_gmt":"2014-04-04T10:28:24","guid":{"rendered":"https:\/\/new.igihe.com\/afdb-u-19m-loan-to-fund-construction-in-region\/"},"modified":"2014-04-04T10:28:09","modified_gmt":"2014-04-04T10:28:09","slug":"afdb-u-19m-loan-to-fund-construction-in-region","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/afdb-u-19m-loan-to-fund-construction-in-region\/","title":{"rendered":"AFDB U$19M Loan to Fund Construction in Region"},"content":{"rendered":"
\"\"<\/figure>\n

{Shelter Afrique Managing Director Alassane Ba}<\/p>\n

{{Shelter Afrique has signed a U$ 19,963,168 Million loan agreement with the African Development Bank (AfDB), one of its primary shareholders.}}<\/p>\n

The loan is intended to boost the trade finance instruments to small and medium enterprises involved in real estate and construction related activities in the country and Africa at large.<\/p>\n

The AfDB\u2019s four-year facility will allow Shelter Afrique to expand its Trade Finance Program launched in June 2011, under a product diversification strategy to address the acute financing shortage facing real estate developers on the continent.<\/p>\n

Shelter Afrique Managing Director Alassane Ba said the facility will contribute to addressing the critical shortage of building materials while creating jobs and income in the region.<\/p>\n

\u201cWith strong partnerships with organisations like AfDB, we know we are not too far from finding lasting solutions,\u201d Ba said.<\/p>\n

The agreement will now see Shelter Afrique begin a stronger second quarter of the year having already signed a U$5,065,798 line with Agence Francaise de Development (AFD) for its social housing programe and floating a bond.<\/p>\n

In October last year, the firm raised U$40,387,912 through a bond issue to fund low cost urban housing projects across the country, being the sixth time Shelter Afrique was tapping into the Kenya debt capital markets.<\/p>\n

\u201cThe housing industry is experiencing exponential growth and urbanisation and the bulge of a growing middle class which all hamper the provision of adequate housing in Africa. <\/p>\n

AfDB would like to call on government, the private sector and all interested parties to rise to the occasion and address housing as it was a key requirement for development,\u201d Regional Director for AfDB Gabriel Negatu said.<\/p>\n

Shelter-Afrique is owned by 44 African governments, the African Development Bank and the African Reinsurance Corporation.<\/p>\n

It currently has an active portfolio of projects in more than 30 African countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

{Shelter Afrique Managing Director Alassane Ba} {{Shelter Afrique has signed a U$ 19,963,168 Million loan agreement with the African Development Bank (AfDB), one of its primary shareholders.}} The loan is intended to boost the trade finance instruments to small and medium enterprises involved in real estate and construction related activities in the country and Africa […]<\/p>\n","protected":false},"author":2,"featured_media":2000051432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[2298],"hashtag":[],"class_list":["post-13648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-greatlakesnews","byline-kwezi-patrick"],"bylines":[{"id":2298,"name":"Kwezi Patrick","slug":"kwezi-patrick","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":2298,"name":"Kwezi Patrick","slug":"kwezi-patrick","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000051432,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13648.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13648.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13648.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13648.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13648.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13648.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/13648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=13648"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/13648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000051432"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=13648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=13648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=13648"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=13648"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=13648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}