History & Partners

Shelter Afrique was established in 1982 by African governments, the African Development Bank (AfDB), African Reinsurance Corporation (Africa-Re) and CDC (UK’s Development Finance Institution) with the mandate of mobilizing resources for housing development in Africa.

We began operations in 1985 and since then have developed a robust portfolio of projects and activities, acquired substantial operational experience and established Shelter Afrique as a credible housing finance institution.

Shelter Afrique’s current shareholders include our 44 member countries, categorised as ‘Class A’ Shareholders, plus the African Development Bank (AfDB) and African Reinsurance Corporation (Africa-Re), categorised as ‘Class B’ Shareholders.

Shelter Afrique derives its legal status from the Constituent Charter agreed by our shareholders at inception while in Kenya the company operates under the Shelter Afrique Act of 1995, an Act of the Parliament of the Republic of Kenya.

We signed a Headquarters Agreement with the government of Kenya, which grants the company certain privileges, and immunities, including seizure of assets, tax exemptions and exchange controls. The company’s activities have been funded mainly from equity resources and medium term borrowings.

Our lending partners are made up of international development finance institutions, the FMO (Dutch Development Agency), AFD (French Development Agency), and EIB (European Investment Bank), and collaborating partners are the International Union of Housing Finance, the Centre for Affordable Housing Finance in Africa, and UN-Habitat.