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Signature and Shelter Afrique Sign MoU for Promoting Affordable Housing Projects in Africa

June 11, 2014

Signature Africa Ventures Limited (SAVL) and Shelter Afrique, Kenya has recently signed a Memorandum of Understanding for promoting integrated affordable housing projects in Sub-Saharan Africa.

Shelter Afrique is an associate entity of African Development Bank and offers housing finance solutions coupled with practical advice and assistance to developers and housing finance institutions in efforts to promote development of both residential and commercial housing development in Africa SAVL is part of Signature Group with specific focus in Sub-Saharan African countries, wherein it has already identified investment opportunities in key sectors viz., Affordable Housing (Mass Housing), Agriculture, Education, Healthcare, Natural Resources, Renewable Energy and Infrastructure Development.

Under the proposed model of business collaboration, SAVL shall identify and structure key investment and long term project financing opportunities under the affordable housing (mass housing) segment across Sub-Saharan African markets, which will be developed by SAVL under a PPP or a joint development model with various Government owned entities. Shelter Afrique, as a Strategic Business partner, shall participate in such transactions by providing long term financing to such fully integrated housing projects purely on commercial terms. Further, Shelter Afrique given its vast experience in the affordable housing sector, shall also endeavours to identify, structure and advise investment opportunities for SAVL in Africa.

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Source: AllAfrica

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