Dangiwa Successfully Steers Shareholder Approval for Transformation of Shelter Afrique to Shelter Afrique Development Bank   In a landmark achievement, the Hon. Minister of Housing and Urban Development, Architect Ahmed Musa Dangiwa, and Chairman of the 42nd Shelter Afrique Annual General Meeting (AGM) Bureau, played a pivotal role in steering the successful transformation of Shelter Afrique into Shelter Afrique Development Bank (ShafDB). The milestone was realized during the Extraordinary General Meeting (EGM) held in Algiers, the capital of Algeria, on October 4-5, 2023. Under the chairmanship Arc. Dangiwa, the EGM witnessed constructive discussions and resolutions on critical issues, culminating in the approval of Shelter Afrique's revised Company Statutes by its esteemed shareholders. This historic approval marks a significant milestone, paving the way for Shelter Afrique’s evolution into Shelter Afrique Development Bank (ShafDB). As a Development Finance Institution, ShafDB is poised to significantly enhance its financing capacity for affordable housing projects across Africa.   Arc. Dangiwa, presiding over the meeting, commended Shelter Afrique's Board and Management for their dedication to the organization’s restructuring. He acknowledged the collective efforts invested in this monumental continental task, recognizing the progress towards building pre-meeting sharerholder consensus on knotty issues by the competent leadership of Board Chairman, Dr. Chii Akporji, and Managing Director, Mr. Thierno-Habib Hann.   In his address, Architect Dangiwa emphasized the importance of unity and collaboration among shareholders, underscoring their pivotal role in addressing Africa's housing challenge. He urged for a renewed sense of purpose, dedication, and trust among shareholders to work collectively towards overcoming the housing deficit that has plagued the continent for decades.   “We must be humbled by the progress Shelter Afrique has made in over 40 years, and we must resolve to set aside all tolerable ancillary issues. It is our collective responsibility to fix Africa’s housing problem, and this requires sincerity of purpose, hard work, and trust,” Architect Dangiwa stated.   The transformation of Shelter Afrique into Shelter Afrique Development Bank (ShafDB) heralds a new era of accelerated progress, reflecting the organization’s commitment to addressing Africa's housing challenges with renewed vigor and determination.   About Shelter Afrique Development Bank: Shelter Afrique Development Bank (ShafDB) is a leading Development Finance Institution dedicated to providing financing solutions for affordable housing projects across Africa. With a focus on collaboration, innovation, and sustainability, ShafDB aims to transform the housing sector and improve the lives of millions of people in Africa. ...

Dangiwa Initiates Technical Collaboration on Social Housing with Algeria’s Ministry of Housing, Urban Planning, and the City   In a significant move toward ensuring efficiency and sustainable impact of planned social housing initiatives in Nigeria, Arc. Ahmed Musa Dangiwa, Nigeria's Minister of Housing and Urban Development, met with Mohamed Tarek Belaribi, Minister of Housing, Urban Planning, and the City, Algeria, at the Sheraton Hotel in Algiers. The ministers engaged in a fruitful discussion centered around sharing expertise and knowledge on social housing programs. The meeting was on the sidelines of the 2023 Extraordinary General Meeting (EGM) of Shelter Afrique which held from 3rd to 6th October.   In his remarks, Arc. Dangiwa underscored Nigeria's commitment to addressing its housing challenges under the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR. He revealed plans to rapidly increase Nigeria’s housing stock annually and create new cities across the country. He also mentioned the government’s plans to establish a National Social Housing Fund (NSHF) to cater to the housing needs of No income and low-income Nigerians and expressed eagerness to learn from Algeria's successful social housing model.   Minister Belaribi welcomed the hon. minister and his team while acknowledging the pivotal role housing plays in Algeria. He highlighted Algeria's remarkable progress, producing and distributing 1,160,000 housing units in 2020 and 400,000 units in 2022. Belaribi outlined Algeria's Integrated Cities approach, which includes incorporating schools, hospitals, roads, and ensuring security measures. He stressed the importance of urban and land development, citing the National Scheme on Urban Development and the creation of five new cities as pivotal steps.   Regarding social housing formulas, Belaribi outlined diverse approaches, including delivering units without any upfront payment, a rent-to-own scheme managed by the Agency of Amelioration and Development of Housing (AADH), and tailoring housing sizes based on income and family size. He also discussed the innovative National Bank on Housing, allowing subscribers to save for homeownership, thereby reducing the government's financial burden.   Minister Belaribi expressed readiness for collaboration, organizing meetings with key officials and offering Algeria's expertise in various fields. He emphasized the importance of establishing a formal agreement between the two ministries and proposed a comprehensive framework for joint efforts.   The meeting between the two ministers marked a crucial step toward international cooperation, fostering collaboration that promises significant advancements in social housing, benefiting the citizens of both Nigeria and Algeria. ...

Dangiwa Urges Shareholders to Focus on Strengthening Shelter Afrique for Rapid Affordable Housing Delivery in Africa As EGM Kicks Off In Algiers   The 2023 Extraordinary General Meeting (EGM) of Shelter Afrique commenced today at Sheraton Club des Pins Resort (Hotel Sheraton Alger) in Algiers, Algeria, with a resounding call from the Honorable Minister of Housing and Urban Development, Nigeria, Arc. Ahmed M. Dangiwa. The Minister, who is the Chairman of the Company’s 42nd Annual General Meeting (AGM) Bureau, emphasized the importance of shareholder unity and commitment to the company's mission to provide affordable housing solutions across Africa.   In his opening address, Arc. Dangiwa emphasized the significance of the 2023 EGM and its role in shaping Shelter Afrique's future. He commended the company's leadership, recognizing the remarkable work of the Board and Management Team in navigating the organization toward growth, profitability, and a more substantial impact on housing development across the continent.   “Today, we are convening this EGM to discuss and take decisions on the pending matters. Through objective discussions, we are optimistic that we would conclude and approve the Company’s revised Statutes. Doing so will mark a momentous milestone and would lay the foundation for a new, innovative, and impact-driven Shelter Afrique,” he said.   The Minister extended his gratitude to all Ministers and shareholders for their commitment, willingness to support reforms and various contributions towards strengthening Shelter Afrique's position as a leader in the delivery of affordable housing in Africa. He applauded their collective resolve to address Africa's housing challenges and the noble shared commitment to the people they serve in their respective countries.   Highlighting Shelter Afrique's recent challenges between 2020 and 2021, Dangiwa reported substantial progress in the revision of the Company Statutes. He mentioned the engagement of a reputable law firm and numerous bilateral and multilateral reviews, resulting in broad shareholder consensus on key issues in the Company’s revised Statutes. He noted that the EGM's primary objective was to finalize and approve these revised Statutes, setting the stage for a renewed, innovative, and impactful Shelter Afrique.   Furthermore, the Hon. Minister called upon all shareholders to embrace the spirit of objectivity, reason, and compromise during discussions, always with a focus on strengthening Shelter Afrique's capacity to facilitate the rapid delivery of affordable housing solutions.   “As we begin this EGM, I want to urge all shareholders to embrace the spirit of objectivity, reason, and compromise, always focusing on what will help strengthen the Company towards achieving its goal of igniting rapid delivery of affordable housing,” he added.   Additionally, he expressed heartfelt gratitude to the Government and citizens of Algeria for their warm hospitality. He expressed confidence that the outcomes of the EGM would position Shelter Afrique as a dynamic, innovative, and impactful housing development finance institution. One that would have the institutional and financial prowess to significantly contribute to Africa's housing solutions.   Shelter Afrique is a pan-African finance institution that supports the development of housing and urban development in Africa. A partnership of 44 African Governments, the African Development Bank (AfDB) and the Africa Reinsurance Corporation (Africa-Re), Shelter Afrique builds strategic partnerships and offers a host of products and related services to support the efficient delivery of affordable housing and commercial real estate. ...