• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Thursday, June 5, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

Shelter Afrique Secures Kes 22M World Bank Grant to Support Its Capital Markets Program

Trading Room Reporter by Trading Room Reporter
in Business News
Reading Time: 2 mins read
A A
0
Real Estate MIZIZI
Share on FacebookShare on Twitter

Pan-African housing development financier, Shelter Afrique, has secured Kes 22 million ($200,000) to support its capital market program. The grant is expected to help the financier addressing the affordable housing crisis through mobilizing funds through the bond market to bridge the housing deficit in Africa.

RELATED POSTS

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

Oil Prices Soar as Iran fires missiles at Israel

Data shows that the continent is facing an annual housing deficit of 56 million units of which more than 90 percent are in the affordable housing category.

“This assistance will go a long way in enhancing Shelter Afrique’s institutional, operational, and the technical capacity targeting the reinstatement of our investment grade credit rating and a strong return to the capital markets,” said Andrew Chimpohndah, Shelter Afrique Chief Executive Officer.

According to Chairman Dr. Steve Mainda the latest financial backing will be critical in addressing the housing crisis in African through a commercially viable and sustainable manner.

“We applaud the partnership with the World Bank. We would also like to invite other global multilateral financial institutions the opportunity to invest in Shelter Afrique shares so that they can have access to 44 African countries through the window of Shelter Afrique,” Mainda added.

Shelter Afrique expects fresh equity injection from Member Countries via country IDA allocation, direct lines of credit from the World Bank, as well as credit guarantee schemes to enable it to return to the capital markets.

According to Chimphondah, the majority of African countries are already facing a housing crisis as a result of high population growth, increased urbanization, poor urban planning, dysfunctional land markets, rising construction costs, the proliferation of informal settlements, and underdeveloped financial systems.

Buy JNews
ADVERTISEMENT

“The solution lies in a well-coordinated and collaborative effort among all stakeholders, including governments, multilateral institutions, non-profit organizations, and the private sector. We believe that this partnership with the World Bank will deepen our impact on Kenya’s affordable housing value chain, in particular, the supply side and subsequently help to bring down the housing deficit in the country and Africa as a whole,” Mr. Chimphondah said.

Post Views: 1,196
Tags: Shelter AfriqueSteve MaindaThe World Bank Group
Previous Post

Asian Markets Rise; SoftBank ARM Deal Announcement Pushes Nikkei on Upsurge

Next Post

Market Report; 14 September, 2020

Trading Room Reporter

Trading Room Reporter

Related Posts

Global Markets Asian markets
Business News

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

by Rennie Odek
Muya Guo Head of Chinese Segment at Stanbic Bank Kenya
Business News

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

by Felix Ochieng
Brent Crude Oil Prices WTI
Business News

Oil Prices Soar as Iran fires missiles at Israel

by Githere Eddie
Kakuzi logo
Business News

Kakuzi Plc Joins the List of NSE Firms Issuing Profit Warning for 2023

by Felix Ochieng
Next Post
NSE

Market Report; 14 September, 2020

Wall Street Closes Broadly higher on Merger News & Renewed Vaccine Hopes

Image of CMA logo

CMA Issues New Guidelines to Fund Managers creating Transparency on Collective Investment Schemes

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,115)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,207)
  • Hilda Njeru Takes over at CDSC (2,077)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,931)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,814)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Part of the delegates who participated in the 2025 Tanzania – Uganda Trade and Investment roadshow, during a site visit to GALCO LIMITED, a member of GSM Group Of Companies, in Dar es Salaam.

Equity Group Leads Trade and Investment Mission to Uganda and Tanzania

HF Group Plc CEO Robert Kibaara

Opinion: HF Group Delivering Transformation and Strategic Growth

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$332.05  3.55%  
GME 
$29.95  0.50%  
MSFT 
$463.87  0.19%  
AAPL 
$202.82  0.22%  
AMC 
$3.40  2.10%  
ABNB 
$133.51  0.46%  
GOOGL 
$168.05  1.13%  
AMZN 
$207.23  0.74%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?