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Reference: 20120149
Release date: 25 June 2012

Promoter – Financial Intermediary

Company for Habitat and Housing in Africa, Shelter Afrique, a Regional Housing Finance and Development Bank headquartered in Nairobi

Location

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.

Sector(s)

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

Signed - 17/06/2013

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Regional - Africa Urban development