Shelter Afrique, a pan-African finance institution, said Nigeria had 22 million housing deficit out of the total 56 million on the continent.
He explained that one of the reasons for the MoU was to co-fund specific deals, share market knowledge and operate in line with best practices. Chimphondah said, “We are very grateful to get into a partnership with Family Homes Funds and we are delighted to sign the MoU. One of the things we realised when we re-strategised over the last few years is that beyond financing affordable housing, one of our strengths was leveraging our partnerships and networks.”
The Managing Director/Chief Executive Officer of Family Homes Funds, Mr Femi Adewole, said the MoU was a small but momentous occasion as Shelter Afrique had been a housing financing organisation for more than 35 years with significant experience across many countries.
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