Shelter Afrique Development Bank (SHAfDB) announced the signing of a strategic agreement with the Arab Bank for Economic Development in Africa (Badea) to support its transformative capital increase initiative.

Indeed, BADEA has approved a historic amount of 120 million dollars to support the capitalization program of Shelter Afrique Development Bank, the main pan-African institution focused on affordable housing and urban development. The concession financing facility will help eligible Member States to settle and increase their subscriptions to the capital of

This initiative, developed in partnership with the Arab Bank for Economic Development in Africa (BADEA), introduces an innovative financing mechanism through which eligible Member States can access loans at competitive terms. The facility supported by BADEA, worth a total of 120 million USD, will be used to settle and increase subscriptions to the capital of the Shelter Afrique Development Bank (SHAfDB) by member states

“This agreement with BADEA marks a crucial step in strengthening our capital base and in advancing our mission to finance affordable housing and sustainable urban infrastructure across Africa,” said Thierno Habib-Hann, CEO of Shelter Afrique Development Bank. “We are grateful to BADEA for its solid partnership and its unwavering support in this pivotal phase of our institutional evolution.

Commenting on the program, BADEA President, H.E. Abdullah KH ALMUSAIBEEH, said: “We consider this capital program to be a strategic step in the evolution of Shelter Afrique Development Bank. BADEA is proud to support this initiative and we remain committed to our common mission of providing access to decent housing and inclusive urban development across Africa

The new capital increase program includes an initial allocation equal to all member states, followed by gradual reallocation, first on a pro rata basis and then on a first-come, first-served basis. This approach aims to encourage the active participation of Member States and to strengthen the capital adequacy of ShafDB in a balanced and transparent manner