Shelter Afrique’s net loss widened 18.5% YoY to $9.23 mln in 2018
Wednesday, 26 June 2019 15:03
Shelter Afrique, a pan-African housing finance company, announced June 20 it suffered an 18.5% increase in net loss to $9.23 million during the FY2018.
The company attributes this fourth loss-making year in a row to its commitment in 2016 to suspend approvals of new loans as part of a moratorium period agreed with lenders.
Shelter Afrique bases its business model on raising funds in local currency on regional financial markets to develop affordable housing projects. It was created in 1982 and is managed by 44 States, the African Development Bank (AfDB), the insurer Africa-Re, the French Development Agency and the Dutch Development Fund FMO.
In addition to financing affordable housing in Africa, the institution provides technical assistance to its Member States in implementing their real estate development strategies.
Live News
-
Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
06:50
-
Why Cameroon’s Electricity Sector Faces a Breaking Point | Op-Ed
06:48
-
Durban Port PPP with ICTSI takes effect, marking start of Pier 2 overhaul
16:44
-
Togo’s Zio 1 municipality sets CFA1.23bn budget for 2026, down 1.2% YoY
16:31
-
Benin delays restart of Sèmè field over technical setbacks
16:26
-
Zimbabwe Plans Third National Satellite to Expand Internet Access
20:30
-
Casino Exits BAO Cash & Carry Business In Cameroon
12:11
-
Cameroon Announces Special Road Rehabilitation Programme This Year
11:54
-
Mina Shawky Streamlines Access to Healthcare With Digital Platform CliniDo
10:57
-
Ali Mokrani Streamlines E-Commerce Operations With Ayor AI
10:13
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...
Partnership targets priority projects, startup support and skills training Deal aligns with...
On November 19, 2025, the Cameroonian state completed what has been described as the renationalization of ENEO (Energy of Cameroon), agreeing to buy back...
Transnet–ICTSI partnership for Durban Pier 2 became effective on January 1, 2026 Private investment targets higher capacity and improved terminal...
Technical difficulties disrupt drilling operations offshore Benin Sèmè field restart, planned for late 2025, pushed back with no new date Target...
Several countries across Africa face mounting public health challenges, ranging from workforce shortages and ethical concerns in medical research to...
Each year around 2 January, the streets of Cape Town host the Cape Town Minstrel Carnival, also known as Kaapse Klopse. Rooted in the nineteenth century,...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...