|Approval Date||11 Dec 2013|
|Signature Date||04 Apr 2014|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||24030|
This project involves a Medium-Term Trade Finance Facility for the benefit of the Habitat Corporation and Housing in Africa / Shelter-Africa (SHAF), with a view to enhancing the availability of capitalized and unfunded trade finance (FC) for SMEs in the real estate and construction sector in 44 Regional Member Countries (RMCs). This is a $ 20 million Trade Finance Credit Line (TF-LOC) over four years. The TF-LOC will assist this company in developing a CF platform to leverage resources from other sources of funding for habitat development and to attract trade finance facilities from financial institutions (FIs) and development finance institutions (DFIs).
The purpose of this facility is to contribute to the availability of affordable housing in Africa, through FIs and SMEs, which will enhance the inclusive growth and private sector development advocated by the Bank in its Long-Term Strategy. 2013-2022, as well as in its Private Sector Strategy (2013).
The main beneficiaries of the intervention are: Habitat and Housing in Africa (Shelter-Afrique or SHAF) and Regional Member Countries (RMCs).
African Development Bank
|Last Update||24 Mar 2023|
|-1.28333 36.78333||Upper Hill|