Housing development financier Shelter Afrique set to open its Southern Africa office in Zimbabwe

ZIMBABWE – Shelter Afrique, the Nairobi-based pan-African housing development financier, is considering establishing a Southern Africa regional office in Harare, Zimbabwe.  

Shelter Afrique Group Managing Director & CEO Andrew Chimphondah made the announcement after meeting Zimbabwe’s Minister for Housing and Social Amenities Hon. Daniel Garwe in Harare.

The Harare office is set to become Shelter Afrique’s third regional office, adding to its existing presence in Abuja – which serves Anglophone west Africa region, and Abidjan – which serves francophone west, central and northern Africa regions.

“This is an important step we need to take to develop our ability to support our southern Africa member states, which we currently serve from our headquarters in Nairobi,” Mr. Chimphondah said.

“Our aim is to build our presence in Harare in the months and years ahead, to support both the government of Zimbabwe and other member countries from the region including Botswana, Lesotho, Madagascar, Malawi, Mauritius, Namibia, Seychelles, and Zambia.”

Mr. Chimphondah said the Company had increased its activities in Zimbabwe and the region, thus the need for physical presence.

“For instance, Shelter Afrique is set to build 10 000 housing units in partnership with the government of Zimbabwe as part of our core mandate of delivering low-cost housing to Africans. Of these units, 3 000 are targeted for delivery during the first phase of the project. We also have other projects going on in the region,” Mr. Chimphondah said.

The Minister of Housing and Social Amenities in Zimbabwe, Honorable Garwe welcomed the decision for a regional office, noting that the government of Zimbabwe has already identified well located land for the construction of the office.

Honourable Garwe is also the First Vice President of the Shelter Afrique General Assembly.

He said that the Government was also looking for land with intrinsic value to ensure that affordable houses were built to reduce the country’s housing backlog which currently stands at 1.2 million houses.

“We can only clear that backlog if we adopt new technologies which ensure that we provide housing in the shortest possible time at very affordable levels in terms of the cost,” he said.

“I’m pleased to note that Shelter Afrique has also offered to establish a housing factory in Zimbabwe for the production of building materials that would be used deploying new technologies so that houses can be built at a much faster pace.”

This announcement comes weeks after Shelter Afrique disclosed plans to develop 10,000 housing units in collaboration with the Zimbabwean government as the partnership has already begun to yield positive results.

Garwe will chair and drive the housing mission across 44 African nations when Zimbabwe takes over the Shelter-Afrique Annual General Meeting Bureau leadership.

In June and July of next year, Shelter Afrique will host its annual general meeting in Victoria Falls. The 10 000 housing units, according to Chimphondah, are part of the institution’s main duty to provide low-cost housing to Africans.

Chimphondah went on to say that an AU housing funding summit in Kigali, Rwanda, determined to explore alternative building methods and techniques to reach a house for US$10,000.

Shelter Afrique has already contributed US$11 million to BancABC for their capitalization, with funds expected for UDICORP (US$10 million), National Building Society (US$4 million), and other financial institutions.

Zimbabwe is set to host Shelter Afrique’s 41st Annual General Meeting in Victoria Falls in June 2022, where the Honourable Minister of Housing and Social Amenities for Zimbabwe, Daniel Garwe will be appointed the President of the AGM Bureau or General Assembly. 

In the latest issue of the CEO Business Africa Magazine, we had an interview with Mr Chimphonda in his office in Nairobi and discussed extensively about Shelter Afrique plan to support the development of the housing and real estate sector in Africa and its future plans. Have a read on this Here.

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