From Isaac Anumihe, Abuja
Minister of Housing and Urban DevelopmentAhmed Musa Dangiwa and Chairman of the 42nd Shelter Afrique Annual General Meeting (AGM) Bureau has transformed Shelter Afrique into Shelter Afrique Development Bank (ShafDB) to finance housing projects.
This was achieved at the Extraordinary General Meeting (EGM) of Shelter Afrique in Algiers, Algeria.
In a statement, Deputy Director, Information, in the Ministry of Housing and Urban Development, Salisu Haiba said that under the chairmanship of Dangiwa, the EGM witnessed constructive discussions and resolutions on critical issues, culminating in the approval of Shelter Afrique’s revised company statute by its esteemed shareholders.
This historic approval marks a significant milestone, paving the way for Shelter Afrique’s evolution into Shelter Afrique Development Bank (ShafDB).
As a Development Finance Institution, ShafDB is poised to significantly enhance its financing capacity for affordable housing projects across Africa.
Dangiwa commended the Board and Management of Shelfer Afrique for their dedication to the restructuring of the organisation and also acknowledged the collective efforts invested in the monumental continental task.
He also recognised the competent leadership of the Board Chairman, Dr. Chii Akporji and Managing Director, Mr. Thierno-Habib Hann for the progress towards building pre-meeting sharerholder consensus on knotty issues.
Dangiwa also emphasised the importance of unity and collaboration among shareholders, underscoring their pivotal role in addressing Africa’s housing challenge.
Accordingly, the Minister urged for a renewed sense of purpose, dedication, and trust among shareholders to work collectively towards overcoming the housing deficit that has plagued the continent for decades
“We must be humbled by the progress Shelter Afrique has made in over 40 years, and we must resolve to set aside all tolerable ancillary issues. It is our collective responsibility to fix Africa’s housing problem, and this requires sincerity of purpose, hard work, and trust,” Dangiwa stated.
The transformation of Shelter Afrique into Shelter Afrique Development Bank (ShafDB), the minister explained, heralds a new era of accelerated progress, reflecting the organisation’s commitment to addressing Africa’s housing challenges with renewed vigour and determination.
Shelter Afrique Development Bank (ShafDB) is a leading Development Finance Institution dedicated to providing financing solutions for affordable housing projects across Africa.
With a focus on collaboration, innovation and sustainability, ShafDB aims to transform the housing sector and improve the lives of millions of people in Africa.