twitter Facebook Linkedin acp Contact Us

Shelter Afrique signs MOU with iBUILD to support funding for PPP Projects

The partnership will see iBUILD offer technical support in management of housing project in markets where Shelter Afrique is present. (Image source: Shelter Afrique)

Pan African housing development financier Shelter Afrique has entered into a strategic partnership with fintech startup iBUILD Global to work together to provide funding for affordable housing and manage its housing projects in member states

The MOU, signed in Nairobi by Shelter Afrique CEO Andrew Chimphondah and iBUILD Co-founder and Chairman Lew Schulman, paves the way for collaboration between Shelter Afrique and iBUILD by helping Shelter Afrique to raise capital in the form of new Class C shareholders to enable Shelter Afrique to fund Public-Private Partnership (PPP) projects.

iBUILD will assist Shelter Afrique to raise capital for a fund to be created to specifically provide construction finance to contractors and developers low and middle-income housing.

“This MOU now sets the pace for Shelter Afrique to work closely with iBUILD to create collaterals and joint pitches towards raising capital through development funds to be managed by Shelter Afrique,” said Chimphondah.

According to the MOU, iBUILD will also provide its patent-pending platform for project management capabilities across the entire portfolio of Shelter Afrique projects as well as transparent accounting of all funds disbursed.

“Through this partnership, iBUILD will manage the delivery of a platform to Shelter Afrique for the purpose of adopting the technology for all its housing-related lending and offering technical assistance to its contractors and developers involved in PPP projects,” Schulman added.

Schulman stated that the customisation of the iBUILD Lender Platform for Shelter Afrique will give the latter the ability to report data on projects in real-time as well as to report the impact of its funding on the projects it supports.

“The iBUILD tools will help shelter Afrique reduce loan approval time and have greater oversight and real-time quality control of project it finances,” Schulman noted.

Chimphondah stated that the partnership would be beneficial in expanding Shelter Afrique’s capacity building programme and support its centre of excellence.

“In April this year, Shelter Afrique launched its centre of excellence where we train contractors and developers undertaking PPP projects. The platform will enable us to offer training, accreditation, and certification to these contractors and developers across 44 member states without necessarily coming to Shelter Afrique headquarters in Nairobi. Secondly, the platform will help Shelter Afrique improve transparency for investors - investors want to know how their money is being invested and this platform will be vital for us in updating them,” Chimphondah concluded.

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development, says IRENA. (Image source: IRENA)

World Bank & African Development Bank partner to provide electricity access to 300 million Africans by 2030, leveraging public-private investments. (Image source: Adobe Stock)

At WFES, Gotion High-tech will showcase its latest products and leading green energy solutions at its booth. (Image source: Gotion High-tech)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

SSAB will begin deliveries of the new products in 2026.

The key issues restricting sub-Saharan Africa’s manufacturing sector will be unpacked at Manufacturing Indaba later this year. (Image source: Adobe Stock)

Hyphen is developing sub-Saharan Africa’s largest, most advanced and only fully-vertical integrated green hydrogen project. (Image source: Hyphen)

According to Liebherr, the Used Equipment Marketplace is extremely user-friendly. (Image source: Liebherr)

Electricity storage will be pivotal in unlocking renewable projects and meeting energy demand. (Image source: Adobe Stock)

Africa Data Centres and DPA SA have broken ground on their solar farm in the Free State. (Image source: Africa Data Centres)

A Cat PM310 Cold Planer in action. (Image source: Caterpillar)

A larger stockholding of WEG products facilitates ready access for customers. (Image source: WEG Africa)

African nations have turned to the concept of power pools to address the continent's energy deficit and foster regional cooperation. (Image source: Synergy Consulting)

Dietmar Siersdorfer is expanding his role as Middle East managing director at Siemens Energy to include Africa. (Image source: Siemens Energy)

The Msikaba Bridge has anchor blocks 17 m wide which contain around 21,000 tons of concrete. (Image source: Sanral)