Regional - The Company for Habitat and Housing in Africa / Shelter Afrique


Project Summary

Approval Date 11 Dec 2013
Signature Date 04 Apr 2014
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 14,499,583.14
Status Implementation

Project General Description

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).

Project Objectives

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).

Beneficiaries

The main beneficiaries of the intervention are: Habitat and Housing in Africa (Shelter-Afrique or SHAF) and Regional Member Countries (RMCs).

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-Z1-HAA-054
Last Update 21 Oct 2020

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Multinational
Coordinates Location Name
-1.28333 36.78333 Upper Hill