(3 Minutes Read)
This strategic alliance is poised to enhance the financial landscape for sustainable housing development within the eight WAEMU member countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
Shelter Afrique Development Bank (ShafDB) partnered with the Bourse Régionale des Valeurs Mobilières (BRVM) and Monetary Union (WAEMU) to mobilize capital for affordable housing projects across the continent.
With Africa’s housing deficit surpassing 53 million units, the MOU creates a collaborative framework to tackle this pressing issue through innovative financial instruments such as Green, Sustainability-Linked, and Social (GSSS) bonds.
The partnership will also explore the creation of Real Estate Investment Trusts (REITs) to further mobilize funding for housing initiatives. The agreement was formalized during a signing ceremony in Washington D.C., coinciding with the IMF-World Bank Group Annual Meetings. It was attended by Dr. Edoh Kossi Amenounve, CEO of BRVM, and Thierno-Habib Hann, CEO of Shelter Afrique.
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https://trendsnafrica.com/south-africa-250-million-for-renewal-energy-and-sustainable-housing/
This strategic alliance is poised to enhance the financial landscape for sustainable housing development within the eight WAEMU member countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
