Type Private Website Homepage Revenue 4.75 million USD (2013) Total assets 270.2 million USD (2013) | Founded 1982 | |
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Key people Corneille KarekeziChairmanJames MugerwaManaging Director & CEO Owner 44 African GovernmentsAfDBAfrica Re | ||
Mortgage provider shelter afrique issues profit warning
Shelter Afrique (SAf), also known as Company for Habitat and Housing in Africa, is a pan-African finance institution created to exclusively support the development of the African real estate and housing sector. Through its strategic partnerships, it offers products and related services which support the efficient delivery of commercial real estate and affordable housing.
Contents
- Mortgage provider shelter afrique issues profit warning
- Shelter afrique assault case
- Location
- Overview
- Shareholders
- Governance
- References
Shelter afrique assault case
Location
The main offices of the organization are located in a building on Longonot Road, Upper Hill, in Nairobi, the capital of Kenya. A regional office is located at 1129, Muhktar El-Yakub’s Place, Central Business District, Abuja, Nigeria's capital city.
Overview
As of December 2013, SAf was a large multinational organization with total assets valued at approximately US$270.2 million, and shareholders' equity of about US$106.1 million. Besides using its own funds, SAf has a list of collaborating financial institutions which provide funding for onward lending in the real estate and housing arena within the continent. Partner funding sources include: (a) Netherlands Development Finance Company (b) French Development Agency (c) European Investment Bank and (d) Commercial Bank of Africa. SAf also works in collaboration with several international organizations with similar objectives, namely: 1. International Union of Housing Finance (IUHF) 2. Centre for Affordable Housing Finance in Africa (CAHF) and 3. UN Habitat for A Better Urban Future (UN-Habitat).
Shareholders
The organization has 44 member African countries and two African financial multinational institutions:
Governance
Corneille Karekezi, a national of Rwanda, serves as the Chairman of the Board of Directors. The Managing Director is James Mugerwa, a national of Uganda.