Home News Africa Shelter Afrique considering US$28.7m investment in Ghana housing sector

Shelter Afrique considering US$28.7m investment in Ghana housing sector

Shelter Afrique, which will host the 34th Annual General Meeting and Symposium in Accra on June this year alongside the Ministry of Water Resources, Works and Housing has said it is considering investing US$28.7m towards the housing sector in Ghana. This is according to Managing Director of Shelter Afrique, James Mugerwa.

This will add to the US$44m worth of investment in the country’s real estate sector and affordable housing, already approved by the company. Thus the Annual General Meeting (AGM) and symposium will be held in Ghana, which is one of the institution’s major markets although it fully supports affordable housing and the real estate sector in Africa and has projects in Uganda, and others in Rwanda.

The MD said the 34th Annual General Meeting and Symposium will focus on rental housing, a continuation of the October 2014 African Rental Housing Conference discussions.

Ghana’s Ministry of Water Resources, Works and Housing has confirmed through a statement that the 34th Annual General Meeting and Symposium will be held in Accra, Ghana from 1st- 5th June at the Movenpick Ambassador Hotel.

The Ministry said hosting the events and 44 member countries where Shelter Afrique has operations, showed its commitment to affordable housing as a priority. Ghana has initiated affordable housing projects in areas such as Kpong, Tamale and Tema, among others.

It is expected that the event will bring together 44 senior representative across Africa from both public and private sector to be present.

Many African governments are pushing for affordable housing amidst rising population. Shelter Afrique has partnered with the African Development Bank (AfDB) and the Africa Reinsurance Company as well as various country governments to drive the affordable housing investment agenda.

It provides project finance, equity investments and joint ventures, trade finance, social housing and institutional lending as well as practical advice and technical assistance.

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