Shelter Afrique Development Bank (ShafDB) and Vista Group Holding SA (VGH SA) right now signed a Memorandum of Understanding (MoU) on the sidelines of the IMF-World Bank Group Annual Meetings. The partnership goals to channel extra long-term capital into inexpensive housing throughout West Africa.
Under the MoU, the 2 establishments will discover cooperation in housing finance, danger sharing and technical help. The partnership combines ShafDB’s long-term capital and housing experience with Vista’s banking community, to assist builders and widen entry to inexpensive properties.
Thierno-Habib Hann, Managing Director of Shelter Afrique Development Bank, mentioned: “Our partnership with Vista Group connects Shelter Afrique Development Bank’s long-term capital with a banking network that spans across Africa. Together, we can finance more developers, put more households in homes, and create jobs across the housing value chain in every market we serve.”
Yao Kouassi, Group Managing Director of Vista Group Holding SA, mentioned: “This partnership with Shelter Afrique Development Bank strengthens our ability to bring long-term, affordable housing finance to the communities we serve across our markets. We look forward to turning this shared ambition into homes.”
The partnership helps ShafDB’s mandate to present finance, advisory and analysis options that handle the housing disaster by public and personal partnerships. It additionally helps VGH SA’s push into the inexpensive housing market.
About Shelter Afrique Development Bank (ShafDB)
Shelter Afrique Development Bank (ShafDB) is a pan-African multilateral growth financial institution (MDB) specializing in the promotion and financing of sustainable housing, city growth and associated infrastructure.
Website: www.shelterafrique.org
About Vista Group Holding SA (VGH SA)
Vista Group Holding is a monetary providers’ holding firm with the target of constructing a world-class pan-African monetary establishment that contributes to financial development and monetary inclusion in Africa.
Vista has entered into strategic partnerships with numerous world monetary establishments to drive its development technique by specializing in MSME banking (together with, leasing, factoring, mesofinance, ladies’s banking, and so on.), commerce and provide chain finance, company banking and bancassurance. Through these partnerships, Vista additionally goals to enhance profitability whereas decreasing working prices and mitigating danger. Vista Group is targeted on maximising alternatives in its respective markets to grow to be the monetary establishment of alternative by progressive banking and insurance coverage merchandise.
Website: www.vistabankgroup.com
Media contacts
Shelter Afrique Development Bank
Aby Agina
Vista Bank Group:
Laetitia Camara
