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The World Finance 100 acknowledges the individuals and businesses that have looked past a year of turgid economic growth to keep pushing their industries forward.

Nairobi: January 28, 2020 – Pan- African housing development financier, Shelter Afrique has made it to the World Finance 100 list for 2019; joining other top global brands including Apple, Nike, Carrefour, GlaxoSmithKline, Royal Dutch Shell Samsung, Hitachi, Walmart, Zenith Bank, Novartis, Industrial and Commercial Bank of China, among others.
Published by the Landon-based World Media News, The World Finance 100 celebrates those who have reached the pinnacle of achievement across a wide variety of fields of expertise, as well as those organisations and individuals that lead the way in driving their industries forward.

“The current stagnation places businesses in a predicament. They could invest now in an attempt to capture greater market share, or hold off in the hope that tomorrow will deliver a more supportive economic climate. Despite this uncertainty, some firms have pressed on, aware that standing still is rarely the right approach. The organisations acknowledged by the World Finance 100 such as Shelter Afrique, have been recognized for their ability to lead their respective industries even in unfavourable conditions,” the publication said when it unveiled the list.

Following 2016 disruptive event, Shelter Afrique restructured its business and developed a 5-year strategic plan with a primary focus on turning around the company’s financial performance from loss making to financial viability by 2020 and overall financial sustainability by 2023.

“Shelter Afrique is happy to have been nominated for advocating for and advancing the affordable housing agenda in Africa. We are also happy to be in the company of some great institutions. Our three strategic goals are to promote financial sustainability, enhance shareholder value and improve organisational performance,” Shelter Afrique Chief Executive Officer Andrew Chimphondah said.

Shelter Afrique aims to approve funding worth US$1bn over the next five years for project financing, institutional lending and social housing, with an overarching ambition to provide decent and affordable housing in member states.

The certification is valid for the next three years, with renewal set at the expiry of the implementation period.

Nairobi: March 4, 2020 – Pan African housing development financier Shelter Afrique has received ISO (International Organization for Standardization) 9001:2015 certification for Quality Management Systems from Bureau Veritas Certification Holding SAS (UK Branch), accredited by United Kingdom Accreditation Service (UKAS) Management System.

The certification is a global recognition of the management and staff commitment to improved corporate governance through the improvement of our processes, systems, management controls and risks. This will ensure that our crucial stakeholder needs are handled more effectively and efficiently.

Speaking at The Company’s Headquarters in Nairobi, Shelter Afrique’s Chief Executive Officer Andrew Chimphondah said the certification was “a deliberate response to support the key strategic goal to foster organisational sustainability through improved governance. Through the ISO certification, the company has demonstrated its ability to consistently improve its processes, products and services to become more customer-centric .”

“The company’s attainment of this feat reassures key stakeholders of our resilience and continuous improvements in line with global best practice. The company will continuously strive to improve its processes, systems, services and products to ensure that our customers enjoy a seamless hassle-free experience organisation structure, standardising its products and services towards offering the best quality of services,” Mr Chimphondah said, adding that the certification had built a stable platform for the company to approach and apply the international standards to its quality management systems.

He said certification would help the company to manage high customer expectations while making improvements to product quality and operations while addressing organisational risks and opportunities in a structured manner.

“This higher-level certification demonstrates how Shelter Afrique strives to execute on its mandate in a structured and well-governed manner. ISO 9001:2015 will help us further improve our internal processes and customer support, as we continue to address the issue of affordable housing across Africa,” Mr Chimphondah said.

The certification is valid until 2023, with renewal set at the expiry of the implementation period.

“Through the Enterprise Risk Management function, management has taken appropriate measures to ensure that all the requirements of the standard are maintained and implemented through-out the three-year validity period,” Mr Chimphondah said.

ISO is the world’s largest developer and publisher of international standards. ISO 9001:2015 is a company level certification based on the standard published by ISO titled “Quality Management Systems”. The standard is a non-industry specific certification and is intended for any organisation that wants to implement and maintain a quality management system.

 

The fund will go towards the delivery of large-scale affordable housing of 423 units with selling prices of $26,000

Dakar, Senegal – February 20, 2020: Shelter Afrique, the Pan African Organisation exclusively dealing with affordable housing in Africa has today signed an $11.6 million line of credit with Senegal’s Teyliom Group for the construction of affordable housing units in the West African state.

Speaking at the signing ceremony in Dakar, Senegal, Shelter Afrique Chief Executive Officer Andrew Chimphondah lauded the long and successful history the Company has had with Senegal and with Teyliom Group.

“We have remained committed to financing Real Estate projects that promote innovation and affordability since 1989 and we have so approved 25 projects for a total of $56 million in the country. Some of the notable projects we have funded in that time are Grand Mbao-Senegal (Phase 3) in March 2002 for FCFA 1 billion, the Espace Ouakam in November 2006 for FCFA 690 million and Al Azhar in March 2009 for FCFA 400 million,” Mr. Chiphondah said.

The deal with Teyliom Group is the first significant project Shelter Afrique has embarked on in Senegal since 2016 and is the second transaction the Company is making with the Teyliom Group.

“In in March 2008, Shelter Afrique extended a line of FCFA 1.92 billion. We are happy with this partnership with to Teyliom Group because it has proved to be reliable and trustworthy partner,” Mr. Chimphondah added.

Also speaking at the signing ceremony, Teyliom Group Chief Executive Mr Yigo Faly Thiam said the investment was timely as there is a growing housing demand in Senegal.

“Shelter Afrique is the kind of partner Teyliom Group needs to support out quest for the provision of affordable housing to Senegalese citizens. We are happy to work with them and other partners in providing housing for the growing housing market,” Mr. Thiam said.

When complete, the project is expected to deliver large- scale affordable housing of 3,439 units with selling prices starting at USD 26,000 for more than 20,000 individuals and create more than 3,000 jobs, with a sizable number of those being held by women.

The high-density estate has been designed to be comfortable, convenient & and dignified. It will have public parks, community buildings, shopping centres, health facilities and schools.

“The project is demonstrative of the guiding principles of Shelter Afrique over the last couple of years. Our 2019-2023 strategy promotes the development of large-scale housing units of nothing less than 1000 units, Teyliom Group project ticks that box,” Mr. Chimphondah said.

Shelter Afrique is the only pan-African finance institution that exclusively supports the development of the housing and real estate sector in Africa. The company is owned by 44 African Governments, the African Development Bank (AfDB) and the Africa Reinsurance Company.

About Teyliom Group

Teyliom is an African Group with strong presence in diversified sectors of activity in the West African region and Central Africa. Teyliom aims at becoming an investor of reference for the African continent. The Group is innovative and proactive in being a major actor in novel projects throughout Africa. Teyliom Holdings is the top management structure, and oversees the whole Group: Teyliom Properties, Teyliom Hospitality, Teyliom Energies, Teyliom Finance, Teyliom Industries, and Teyliom Telecom. As of 31 December 2013 the Group consists of 52 companies spread in 16 countries, in Africa and Europe with a total workforce of 629 employees.

For more information on Teyliom Group, please visit http://www.teyliom.com/groupe/?lang=en

Nairobi: February 11, 2020 – Pan African Housing Financier, Shelter Afrique has been conferred the Town and County Excellence Award by the Town and County Planners Association of Kenya (TCPAK).

The Award was in recognition of the Company’s contribution to the provision of affordable housing and reduction of slum dwelling in Kenya and across Africa.

Handing over the Award certificate to Shelter Afrique’s Chief Executive Officer Andrew Chimphondah, Town and County Planners Association of Kenya Chairman Mr. Mairura Omwenga lauded Shelter Afrique for its efforts to bring to the fore front the affordable housing agenda across Africa and the investments the company has made in its efforts to improve quality of housing in Africa.

“We are pleased to confer the Town and County Excellence Award to Shelter Afrique for its efforts towards making our towns better places to live. We hope this Award will encourage Shelter Afrique to do even more as it focuses its efforts towards meeting the needs of the continent’s rapidly growing population,” Mr. Omwenga said.

Receiving the Award, Shelter Afrique’s Chief Executive Officer Andrew Chimphondah said the Company recognizes the scourge of rapid urbanization, which has resulted into more slums, and as such has made the provision of affordable housing through strategic partnerships its key priority.

“We are humbled and we feel privileged to be conferred with this Award in recognition of work across Africa. We are encourage to continue focusing on our mandate of providing affordable homes in Afrique, which is in line with United Nation Sustainable Development Goals (SDG) No 11 which focuses on sustainable cities and communities,” Mr. Chimphondah said.

Shelter Afrique has a number of initiatives geared towards enhancing housing affordability across Africa. In Kenya, for instance, the Company has partnered with the government and the UN Habitat to develop a social housing scheme within Mavoko Municipality under the Kenya Slum Upgrading Programme (KENSUP) and is also supporting the Pan African slum eradication program in Uganda.

The Company has also invested in the mortgage refinance companies in Kenya, Nigeria, Tanzania and Togo. The Company has also signed memoranda of understanding with the governments of Liberia, Ivory Coast, and Central Africa Republic for the provision of affordable houses through public private partnerships structured by Shelter Afrique.

Town and County Planners Association of Kenya (TCPAK) is a corporate body comprising town, county, and country planners, urban and regional planners, physical planners. The Association promotes professional development, education, public awareness, sustainable development and the protection and conservation of the built and natural environment.

It is a member of International Society of City and Regional Planners (ISOCARP) – a global association of professional city and regional planners, and International Coalition for Sustainable Cities and Territories (ICOSCAT).

Nairobi: September 10, 2019 – Pan African housing development financier, Shelter Afrique has signed a memorandum of understanding (MOU) with fin-tech startup iBUILD Global, to collaborate in sourcing for funding for affordable housing and managing its housing projects in member States.

The MOU signed in Nairobi by Shelter Afrique’s Chief Executive Officer Andrew Chimphondah and iBUILD’s Co-founder and Chairman Lew Schulman, opens ways for collaboration between Shelter Afrique and iBUILD by way of the latter assisting Shelter Afrique to raise capital in the form of new Class C shareholders to enable Shelter Afrique to fund Pubic Private Partnership (PPP) projects.

• The partnership will also see iBUILD offer technical support in management of housing project in markets where Shelter Afrique has presence.
• The partnership will also see iBUILD offer Shelter Afrique a platform that it enable it offer virtual training, accreditation, and certification to its contractors and developers in Kenya and other 43 member states.

The iBUILD will also assist Shelter Afrique to raise capital for a fund to be created to specifically provide construction finance to contractors and developers delivering housing to low and middle-income population.“This MOU now sets pace for Shelter Afrique to work closely with iBUILD to create collaterals and joint pitches towards raising capital through development funds to be managed by Shelter Afrique,” said Mr. Chimphondah said.

According to the MOU, iBUILD will also provide its patent pending platform for project management capabilities over entire portfolio of Shelter Afrique’s projects as well as a transparent accounting of all funds disbursed.
Through this partnership, iBUILD will manage the delivery of a platform to Shelter Afrique for the purpose of adopting the technology for all its housing related lending and offering technical assistance to its contractors and developers involved in PPP projects,” Mr. Schulman said.

Mr. Schulman said the customization of iBUILD’s Lender platform for Shelter Afrique, will give the latter the ability to report data on projects in real time as well as report the impact its financing is creating throughout the projects it supports.

“The iBUILD tools will help shelter Afrique reduce loan approval time and have greater oversight and real time quality control of project it finances,” Mr. Schulman added.
Mr. Chimphondah said the partnership would be beneficial in expanding Shelter Afrique’s capacity building programme and support its Centre of Excellence.

“In April this year, Shelter Afrique launched its Centre of Excellence where we train contractors and developers undertaking PPP projects. The platform will enable us to offer training, accreditation, and certification to these contractors and developers across 44 member states without necessary coming to Shelter Afrique headquarters in Nairobi. Secondly, the platform will help Shelter Afrique improve transparency for investors – investors want to know how their money is being invested and this platform will be vital for us in updating them,” Mr. Chimphondah said.

About iBUILD

iBUILD is a mobile platform that closes the gap in affordable housing production by Empowering the World to Build. iBUILD is a C2C market disruption tool that connects people in need of shelter with masses of construction-related people looking for work and facilitates open access to housing support services that guide individuals through the housing (re)construction process.