Afreximbank and Shelter Afrique Development Bank Sign Partnership to Unlock $1 Billion in Housing and Urban Development Across Africa

Strategic Insights -

African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have signed a Joint Project Preparation Facility (JPPF) Framework Agreement, which aims to unlock a cumulative investment value of at least $1 billion and transform housing and urban development across the continent. The partnership, signed on the sidelines of the fourth Intra-African Trade Fair (IATF2025), will provide early-stage project preparation financing, propelling projects from concept to bankability efficiently and effectively. The JPPF will primarily support priority sectors, including building and construction, housing, healthcare, hospitality and tourism, industrial, and manufacturing of building materials.

Key Takeaways:

  • The Joint Project Preparation Facility (JPPF) aims to unlock a cumulative investment value of at least $1 billion in housing and urban development across Africa.
  • The partnership will provide early-stage project preparation financing to propel projects from concept to bankability efficiently and effectively.
  • The JPPF will primarily support priority sectors, including building and construction, housing, healthcare, hospitality and tourism, industrial, and manufacturing of building materials.
  • The partnership targets a substantial socio-economic development across the continent by acting as a catalyst for private sector investment.
  • Afreximbank and ShafDB will combine their expertise to deliver transformative projects in critical sectors that will promote trade and tradeable services.
  • The capacity-building programme will equip ShafDB staff with essential project preparation skills, ensuring sustainable project pipelines in the years to come.
  • The partnership will help establish economic hubs and platforms that will promote trade and tradeable services across the continent.
  • The African Continental Free Trade Area (AfCFTA) Secretariat, African Union Commission (AUC), and African Export-Import Bank (Afreximbank) funded the Intra-African Trade Fair (IATF) which agreed to the partnership.
  • Both 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.

Statistics:

  • The Intra-African Trade Fair (IATF) is projected to result in the conclusion of trade and investment deals valued at over $44 billion.
  • Afreximbank's total assets and contingencies stood at over $40.1 billion, and its shareholder funds amounted to $7.2 billion at the end of December 2024.
  • The Afreximbank is now evolved into a group entity comprising the Bank, its equity impact fund subsidiary, and its insurance management subsidiary.

Sources:

  • www.Afreximbank.com
  • Intra-African Trade Fair media@intrafricatradefair.com
  • press@afreximbank.com
  • Afreximbank
  • Shelter Afrique Development Bank (ShafDB)
  • About the Intra-African Trade Fair
  • About Afreximbank
  • About Shelter Afrique Development Bank (ShafDB)