Shelter Afrique Development Bank (ShafDB) and Vista Group Holding SA (VGH SA) immediately 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 reasonably priced 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 help builders and widen entry to reasonably priced properties.
Thierno-Habib Hann, Managing Director of Shelter Afrique Development Bank, stated: “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, stated: “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 deal with the housing disaster via public and non-public partnerships. It additionally helps VGH SA’s push into the reasonably priced housing market.
About Shelter Afrique Development Bank (ShafDB)
Shelter Afrique Development Bank (ShafDB) is a pan-African multilateral improvement financial institution (MDB) specializing in the promotion and financing of sustainable housing, city improvement 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 progress and monetary inclusion in Africa.
Vista has entered into strategic partnerships with numerous world monetary establishments to drive its progress technique by specializing in MSME banking (together with, leasing, factoring, mesofinance, ladies’s banking, and many others.), commerce and provide chain finance, company banking and bancassurance. Through these partnerships, Vista additionally goals to enhance profitability whereas lowering working prices and mitigating danger. Vista Group is targeted on maximising alternatives in its respective markets to change into the monetary establishment of alternative via revolutionary banking and insurance coverage merchandise.
Website: www.vistabankgroup.com
Media contacts
Shelter Afrique Development Bank
Aby Agina
Vista Bank Group:
Laetitia Camara
