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Economic development

Afreximbank and Shelter Afrique Development Bank Forge Strategic Partnership to Unlock US$1 billion in Investments

Strategic Insights

— 1 min read

The African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have signed a Joint Project Preparation Facility (JPPF) Framework Agreement to unlock a cumulative investment value of at least US$1 billion and transform housing and urban development across the continent. The partnership aims to provide early-stage project preparation financing, propelling projects from concept to bankability efficiently and effectively. This collaborative effort is expected to have a significant impact on the development of Africa's housing and urban infrastructure, promoting economic growth and enhancing the quality of projects on the continent.

Key Takeaways:

  • The JPPF Framework Agreement aims to unlock a cumulative investment value of at least US$1 billion, supporting priority sectors such as building and construction, housing, healthcare, hospitality, and tourism.
  • The partnership will provide early-stage project preparation financing, propelling projects from concept to bankability efficiently and effectively.
  • A robust capacity-building program will be implemented to enhance the project preparation skills of ShafDB staff, empowering them to develop bankable and impactful projects.
  • The agreement aims to transform housing and urban development across the continent, promoting economic growth, and enhancing the quality of projects.
  • Afreximbank and ShafDB are members of the Alliance of African Multilateral Financial Institutions (AAMFI), underscoring their commitment to collaboration and innovation in fostering economic development and growth across the continent.
  • The partnership is expected to have a significant impact on the development of Africa's housing and urban infrastructure, promoting economic growth and enhancing the quality of projects on the continent.
  • IATF2025, where the agreement was signed, is projected to result in the conclusion of trade and investment deals valued at over US$44 billion.

Statistics:

  • Total assets and contingencies of Afreximbank stood at over US$40.1 billion at the end of December 2024.
  • Shareholder funds of Afreximbank amounted to US$7.2 billion at the end of December 2024.
  • Afreximbank's investment-grade ratings were assigned by GCR (A), Moody's (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-), and Fitch (BBB-).
  • The Bank is headquartered in Cairo, Egypt.
  • Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary (FEDA), and its insurance management subsidiary (AfrexInsure).

Sources:

  • African Export-Import Bank (Afreximbank) - www.Afreximbank.com
  • Shelter Afrique Development Bank (ShafDB) - www.ShafDB.com
  • M2 PressWIRE - September 11, 2025 - Afreximbank and Shelter Afrique Development Bank (ShafDB) Forge Strategic Partnership to Unlock US$1 billion in investments.

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