Strategic Partnership to Accelerate Sustainable Urban Development in Africa

Strategic Insights -

The African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have formed a strategic partnership to accelerate sustainable urban development across Africa. This collaboration aims to promote economic growth and enhance project quality on the continent, leveraging each institution's expertise to unlock new opportunities in critical sectors. The Joint Project Preparation Facility (JPPF) will act as a catalyst for private sector investment, leading to substantial socio-economic development across the continent.

Key Takeaways:

  • The partnership between Afreximbank and ShafDB aims to address two major structural challenges in the housing and urban development sector: the lack of reliable data and the insufficient preparation of projects.
  • ShafDB has taken bold steps to address the first challenge through its VIRAL model, a data-driven framework designed to provide actionable insights and support evidence-based decision-making.
  • The JPPF will enable ShafDB to move projects from concept to bankability with speed and precision, unlocking over US$1 billion in investments.
  • The partnership aligns with the shared vision of promoting economic growth and enhancing project quality on the continent.
  • The collaboration between Afreximbank and ShafDB underscores their commitment to collaboration and innovation in fostering economic development and growth across the continent.
  • Afreximbank and ShafDB are members of the Alliance of African Multilateral Financial Institutions (AAMFI), which promotes collaboration among African financial institutions to achieve sustainable development goals.

Statistics:

  • The Joint Project Preparation Facility (JPPF) aims to unlock over US$1 billion in investments.
  • The partnership between Afreximbank and ShafDB will act as a catalyst for private sector investment, leading to substantial socio-economic development across the continent.
  • The African Intra-African Trade Fair 2025 (IATF2025) is projected to result in the conclusion of trade and investment deals valued at over US$44 billion.

Sources:

  • "Shelter Afrique Development Bank and African Export-Import Bank Partner to Accelerate Sustainable Urban Development in Africa" - EXACTLY as mentioned in the original text.
  • Alliance of African Multilateral Financial Institutions (AAMFI) - EXACTLY as mentioned in the original text.
  • African Intra-African Trade Fair 2025 (IATF2025) - EXACTLY as mentioned in the original text.