Sign In or Register | Wednesday, October 21, 2020
AfricaTeam,   9/29/2020 4:27:09 PM Add AfricaTeam as a Friend | Send Message
Africa See Profile
Shelter Afrique Signs MOU With Two Chinese Construction Firms

 Nairobi: September 29, 2020: Pan-African housing development financier, Shelter Afrique has signed a Memorandum of Understanding (MOU) with two Chinese construction firms, Amberton International Holdings and Sichuan Huashi Enterprise Corporations E.A. LTD, aimed at scaling up the development of large-scale affordable housing projects in Kenya and other Shelter Afrique member States.


The agreement which is expected to boost Shelter Afrique’s mandate of providing decent and affordable housing in Africa, was signed in Nairobi by Shelter Afrique Chief Executive Officer Andrew Chimphondah, Amberton International Holdings Director Nancy Yu, and Sichuan Huashi Enterprise Corporations E.A. LTD Managing Director Cao Zheng. “As a company, our overriding strategy is the provision of affordable housing across our member States through public-private partnerships. This strategic partnership with Amberton and Huashi will be key in expanding our projects across the continent as we draw from the experiences of the two companies. Shelter Afrique will work closely with Amberton International Holdings as a co-developer for specific large-scale, low cost housing projects in Africa, which will be constructor by Sichuan Huashi Enterprise Corporations E.A. LTD,” Mr. Chimphondah said.

 

 

He noted that some off-take projects had been identified in Kenya and in other markets such as Rwanda, Zimbabwe, Namibia, Ivory Coast, Senegal, and Nigeria where Shelter Afrique has existing project pipelines.

 

“Already we are in the process of securing a few projects in Kenya with the Department of Defense, the Kenya Police and the Civil Service, for which we expect to break ground this year. These take-off projects will be aligned with Kenya government affordable housing plan under the Big 4 Agenda, which seeks to develop 500,000 housing units by 2022,” Mr. Chimphondah said. Mr. Chimphondah said the majority of African countries were already facing a housing crisis with the overall housing shortage estimated at 56 million housing units across the continent. Out of this, more than 90% are in the affordable housing bracket.

 

 

“We believe our partnership with Amberton and Huashi will deepen our impact on Kenya’s and by extension, Africa’s affordable housing value chain, in particular, the supply side,” Mr. Chimphondah said.

 

Shelter-Afrique is owned by 44 African countries, the African Development Bank, and the African Reinsurance Corporation (Africa-Re).

 

 

Photo caption

Shelter Afrique Chief Executive Officer Andrew Chimphondah (Centre), Amberton International Holidings Director Lucy Yu (left), and Huashi Enterprise Corporation E.A LTD Managing Director Cao Zheng (right), signed a Memorandum of Understanding aimed at scaling up the development of large-scale affordable housing projects in Kenya and other Shelter Afrique member States.

 

 

 

Kind regards,

Mike Omuodo - +254 736 014 596

 

Tags:Shelter Afrique Signs MOU With Two Chinese Construction Firms
Bookmark and Share Email Email to Friends Print Print
0
Comments(0)
Please Sign In  or Register  to post a comment.
UserName:
Password:

 
Facebook Twitter YouTube Instagram Linkedin African Music
Most Popular



Push
Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
Latest Polls
Links
Tags
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    Somalia    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2020-2022 Africa Updates Inc. All rights reserved