Director Edward Kyazze

Academic qualifications

2008-2009: MSc. Real Estates, Planning and Regeneration specializing in City and Regional Planning at University of Glasgow, UK

1999-2004: BSc (Eng) in Civil Engineering & Environmental Technology at Kigali Institute of Science, Technology (KIST) in Kigali, Rwanda.

Skills and competences

Project Management (Supervision, Monitoring and Evaluation) skills

Contract Management

Project Formulation and Design

Partnership Management and Networking

Teaching and Training skills

Research and Report Writing skills (Legal, Policy and Strategic Document drafting)

Computer skills, with proficiency and competence in all Microsoft Office applications and other Software in Civil Engineering and Urban planning fields e.g. GIS and ArchCAD

Effective Communication, Team working and Leadership skills

Careers service guidance and adult education trainings

Director Ahmed Belayat

Academic qualifications

Lycée plateau du Mansourah Constantine 1973 – 1976 ITFC 1979- 1981 – Principal State Accountant

Continuous training of one week in Paris on the elaboration of procedures 2006

Internship at ISTED Paris – Management of housing aid 2001 UFC Annaba – training in PGS 1993 -1994

Training courses with the World Bank and the US Aid co-organized with the Ministry of Housing, 1993

Skills and Competences

Accounts

Housing Management

Real Estate Management

 

Director Tchelu Mwenyimali Laurent

Academic Qualifications

Master’s Degree Management of healthcare institutions

Bachelor’s degree in management of healthcare institutions

Skills and competences

Management of healthcare institutions

Disaster risk reduction

Human resources

Assistance to internally displaced persons

Research

Management and Administration

Director Alozie Eucharia

Mrs. Eucharia Alozie is an accomplished professional with 40 years of expertise in architecture, urban and regional planning, real estate, social housing, risk management and project finance. As a seasoned leader, she possesses extensive experience in strategic planning, corporate governance, and business development. Her proven track record of success showcases her leadership and strategic acumen in driving impactful initiatives, and her understanding of affordable and public housing is matched by her steadfast commitment to public-private partners and sustainable development.

Throughout her professional career, Mrs. Alozie has made significant contributions to the industry. With her hands on approach and collaborative management style, she has guided diverse teams towards achieving organization’s mission and strategic objectives. The scope and spread of housing mortgages expanded exponentially during her seven years tenure as Director on the Board of Federal Mortgage Bank of Nigeria. She also chaired the Board committees on Risk and Human Resource Management and was a Member of Credit, Audit, and IT Board Committees at Federal Mortgage Bank of Nigeria, Abuja.

In parallel, she fueled her drive to create positive change in affordable, public housing and infrastructure at the Federal Ministry of Works & Housing, Abuja. As Head of Public Private Partnership (PPP), her achievements included developing and implementing PPPs for the construction of affordable housing and infrastructure projects all over Nigeria. Whilst during her tenure in Urban and Regional Planning, she was part of the team that formulated the Urban Development Policy for Nigeria and designed multiple layout schemes throughout the Federation including part of the Gwarinpa housing estate, the largest single housing estate in Nigeria and West Africa.

Mrs. Alozie holds a BSc in Architecture, an MSc in Architecture, and an MSc in Urban and Regional Planning from Ahmadu Bello University, Zaria. She also holds professional certification in Public-Private Partnership from the Institute for Public Private Partnership (IP3), Washington DC. Her pursuit of excellence and commitment to continuous growth and development extends to professional training in Risk Management for Corporate Leaders at Harvard Business School, Boston and Corporate Governance at Northwestern Kellogg, Evanston USA. She is a member of several professional organizations, including the Nigerian Institute of Architects (Fellow), the Nigerian Institute of Town Planners and Nigeria Institute of Management.

As an Architect, Town Planner, PPP specialist and previous Board Director at Federal Mortgage Bank of Nigeria, Mrs. Alozie brings a wealth of expertise and leadership to Shelter Afrique, reinforcing its mission to foster sustainable development and promote the growth of the Pan-African Development Finance Institution and its Initiatives across the African continent.

Director Issa Seydou Sissoko

Skills and competencies

Architectural and urban planning skills.

Design and management (supervision, monitoring and evaluation) of architectural projects;

Design and management of subdivision projects;

Training skills;

Computer skills (Microsoft Office and other software, GIS, Auto-CAD, ArchCAD, etc.);

Management of domain issues, urban planning, construction and housing.

Academic qualifications

Diploma in architecture (architectural design); Beijing JiaoTong University – 2004;

Diploma in Urban Planning and Design; Beijing University of Technology – 2008;

Certificate on public procurement UEMOA procedure 2011;

Certificate on public procurement DGMP procedure 2018.

Experience

Mr. SISSOKO has held several positions in public administration, mainly in the Housing and Urban Planning Department:

Head of the Bamako District Architectural Heritage Office,

Head of the Bamako District Housing Division;

Head of the Architecture Section at the Direction Nationale de l’Urbanisme et de l’Habitat;

Directeur Regional de l’Urbanisme et de l’Habitat de la Region de Koulikoro.

Director Lionel Zinsou

Academic qualifications

Graduate from the Ecole Normale Supérieure (Agrégation in Social Sciences and Economic History – 1978) the premier French institute for higher education and research, as well as of the Institut d’Etudes Politiques (Sciences –Po) and the Paris IV and VII Universities.

Skills and competencies

Economics

Former Prime Minister of Benin

Private equity

Partner

Financial controller

Corporate Development

Research

Experience in both private and public sector

Social Sciences and Economic History

Consumer goods

Board Experience

Mr Zinsou is currently on the Board of several companies including the PAI supervisory Board

(Vice-chair), the Danone group Board of Directors and the Americana Board (UAE). He is also actively involved in community work, serving as President of the Foundation de l’École Normale Supérieure, of the Foundation Terra Nova and of the Société des Amis du Musée Branly-Jacques Chirac, as well as Director of the Ashinaga Foundation (Tokyo), the Foundation Sanofi, and the Foundation Zinsou, the latter of which he also founded.

Arc. Chris Pobee Abbey

Arc. Chris Pobee Abbey, is a distinguished architect and urban planner. He holds a Bachelor of Science and Post Graduate Diploma in Architecture from the Kwame Nkrumah University of Science and Technology,, Kumasi, Ghana, and a Master’s in Urban Planning from Chung-Ang University, Seoul, South Korea. He has also completed a Certificate in Performance-Based Contracting from IHE (Delft), Netherlands, and actively participates in global housing and urban development conferences.

Arc. Pobee Abbey is a member of the Council of the Ghana Institute of Architects and serves on the Boards of the Architects Registration Council and Shelter Afrique Development Bank. He has played a pivotal role in developing critical documents such as the Ghana Housing Policy (2015), Ghana Building Code (2018), and Building Regulations (2022). His contributions include formulating housing sector profiles and strategic documents to decarbonize the construction industry. Arc. Pobee Abbey’s expertise in planning schemes and standard designs has significantly advanced housing programmes under his ministry’s purview.

Jack Ngarambe

Jack Ngarambe is an architectural engineer by training, holding a bachelor’s, master’s, and doctorate degree from Kyung Hee University in South Korea. He currently serves as the Director General of Urbanisation, Housing Development, and Human Settlement at the Rwandan Ministry of Infrastructure. In this role, he oversees and coordinates national urbanisation and housing projects in collaboration with other governmental institutions and numerous global development partners.

Before his tenure in the Rwandan government, Dr. Ngarambe was a research professor at Kyung Hee University. His research primarily focused on sustainable built environments , building physics, and control. He was actively involved in significant urban sustainability projects funded by the National Research Fund of Korea (NRF), the Korea Energy Agency (KEA), and the Korea Energy Technology Evaluation & Planning (KETEP). Additionally, he lectured on innovative technologies in resilient and sustainable built environments, net-zero energy and passive building designs, statistical theories, and research methodologies.

Shelter Afrique Series 1 Bond Issue

helter Afrique Series 1 Bond Issue

Shelter Afrique’s debut 46 billion bond issuance in Nigeria’s capital market oversubscribed by 60.7%, reflecting strong investor appetite  

Abuja, Nigeria – 25 April 2022

The Company for Habitat and Housing in Africa (Shelter Afrique), the pan-African development finance institution exclusively dedicated to housing finance in Africa, is pleased to announce the successful completion of its debut ₦46 billion (US$110.7 million) Series 1 Fixed Rate Senior Unsecured Bond Issuance in Nigeria’s capital market under its ₦200 billion (US$481.3 million) bond issuance programme.

The dual tranche bond issuance was 60.7% oversubscribed with the order book peaking at ₦64.3 billion (US$154.6 million), enabling Shelter Afrique to exercise the ‘green shoe’ option and raise an additional ₦6 billion (US$14.4 million) more than the original ₦40 billion plan (US$96.3 million). The bond issuance attracted participation from a diverse range of institutional investors including pension funds, banks, and insurance companies, supported by an AA rating from GCR Ratings and an A+ rating from Agusto & Co. The high oversubscription demonstrates investors’ confidence in Shelter Afrique’s mandate to enable housing development in Africa, its strong management team, business strategy and credit profile. The 5-year Tranche A bonds priced at 13.00% and the 7-year Tranche B bonds priced at 13.25%. The tenors of the bonds are aligned with the organisation’s housing finance strategy and plans in Nigeria. Shelter Afrique will use the bond proceeds to fund mass housing development by tier 1 real estate developers, and to provide lines of credit.

FDSH Capital Limited acted as the Lead Issuing House while ARM Securities Limited, FCMB Capital Markets Limited and United Capital PLC acted as the Joint Issuing Houses to the bond issuance. Other professional parties include Aluko & Oyebode and Banwo & Ighodalo who acted as Solicitors to the Issue/Issuer and Solicitors to the Trustee respectively. United Capital Trustees Limited and CardinalStone Registrars Limited acted as the Trustee and Registrar respectively. The Receiving Banks include FSDH Merchant Bank Limited, Stanbic IBTC PLC and United Bank for Africa PLC.

Announcing the result, Shelter Afrique’s Acting Managing Director, Kingsley Muwowo expressed delight at the success of the bond issuance and thanked the Issuing Houses and other professional parties for the timely and successful completion of the bond issuance. He also extended his appreciation to the Federal Government of Nigeria through the Ministry of Finance, Budget and National Planning; the Securities and Exchange Commission; the National Pension Commission, and the Ministry of Works and Housing. He thanked the Board of Directors, Management and Staff of Shelter Afrique for their invaluable support throughout the process.

Mr. Muwowo noted that: “this is the first time Shelter Afrique is tapping the Nigerian debt capital market and the positive market reception is a clear indication of investor confidence in our long-term value proposition for the Nigerian housing market. We would like to assure our investors that we shall put the proceeds of the bond issue into good use that will ensure that more value is created for them”.

Mr. Muwowo said the issuance of the Naira-denominated bonds reflects the organisation’s desire to focus on tailor-made, long-term funding solutions for the provision of affordable and adequate housing in Nigeria and across Africa. He also noted that the volatile foreign exchange rate regimes in most member countries is one of the major challenges of financing affordable and decent housing in Africa.  He explained that: “Constant currency fluctuations make it difficult for those who borrow in foreign currencies to honour their loans because of the foreign exchange exposure risks. Through this bond issuance, developers and primary mortgage lenders in Nigeria will be able to access funding in Naira, thereby reducing such risks”.

Speaking at the signing ceremony held in Lagos, Nigeria, the Managing Director of FSDH Capital Limited, Tolu Osinibi, said: “FSDH Capital is pleased to have advised Shelter Afrique on its successful debut bond issuance in Nigeria’s capital market. Shelter Afrique continues to play a pivotal role in housing development across Africa and the success of the bond issuance will encourage other supranational financial institutions to tap Nigeria’s debt capital market for their Naira funding needs. We thank the investor community for their support on the bond issuance. We also thank the Board and management of Shelter Afrique for trusting us with this milestone transaction, and their commitment and dedication throughout the process.”

 

Exchange Rate:  1US$ = N415.58