Company for Habitat and Housing in Africa, Shelter Afrique, a Regional Housing Finance and Development Bank headquartered in Nairobi
Location
Africa
Description
The operation will part-finance an investment programme being developed by Shelter Afrique for local SMEs in the construction sector which is intended to improve access to affordable housing for middle- and low-income households and to provide associated community infrastructure and services.
Objectives
The project is intended to improve access to shelter, basic services, employment, health and education for low and middle income households in sub-Saharan Africa.
Comments
Sector(s)
Urban infra.
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 50 million
Environmental aspects
The Bank will require the promoter to ensure compliance with the principles embodied in EU environmental laws and procedures, and follow the EIB Statement of Environmental and Social Principles and Standards.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Approved
-
20/11/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
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