Shelter Afrique & Afreximbank Seal $1B Africa Housing Deal

Shelter Afrique Development Bank (ShafDB) and the African Export-Import Bank (Afreximbank) have signed a strategic partnership to unlock over $1 billion in Africa housing finance and infrastructure investment. The move is expected to reshape urban development projects in Africa and strengthen trade across the continent.

The announcement came in Algiers during the Intra-African Trade Fair (IATF2025), where billions of dollars in business deals are being finalized.

Driving Urban Development Across Africa

The Joint Project Preparation Facility (JPPF) is designed to provide early-stage financing, helping projects move quickly from concepts to bankable investments. The facility will focus on:

• Affordable housing and construction

• Healthcare and medical infrastructure

• Hospitality and tourism projects

• Industrial and manufacturing hubs

• Commercial infrastructure, logistics, and special economic zones

This makes it one of the most ambitious initiatives for urban development projects Africa has seen in recent years.