Nairobi-based pan-African insurer, African Trade and Investment Development Insurance (ATIDI) has provided a political risk insurance cover for Globeleq’s 35 MW Menengai Geothermal power project in Kenya. This support will be extended via the Regional Liquidity Support Facility (RLSF) – a joint effort by ATIDI, KfW Development Bank, and the Norwegian Agency for Development Cooperation (Norad). It helps renewable energy Independent Power Producers (IPPs). The project, the first to be considered for RLSF cover in Kenya, is valued at USD117 million with financing being provided by the African Development Bank (AfDB), the Eastern and Southern African Development Bank (TDB), the Finish Fund for…
Author: Mike Omuodo
The Annual General Meeting (AGM) will serve as an ushering step in solidifying Shelter Afrique transformation journey. Shelter Afrique Development Bank’s (ShafDB) 43rd Annual General Meeting (AGM) scheduled to take place from 11-13 June 2024 in Kigali, Rwanda is expected to consolidate the institution’s transformation agenda. In a landmark decision at an Extraordinary General Meeting (EGM) held in October 2023 in Algiers, Algeria, shareholders approved the institution’s revised Articles of Association, elevating the pan-African housing and urban development finance institution into a dynamic development bank. Speaking at a media briefing in Nairobi ahead of the AGM, Shelter Afrique development Bank Managing Director…
Nigeria’s Minister of Housing and Urban Development Arc. Ahmed Musa Dangiwa, who doubles as the Chair of the Executive Board of UN Habitat and the Chair of the 2023 Annual General Meeting (AGM) Bureau of the Shelter Afrique Development Bank (ShafDB), is advocating for a strategic partnership between Shelter Afrique Development Bank (ShafDB) and UN-Habitat, the United Nations Human Settlements Programme. The bold move, H.E Arc. Dangiwa said, would be critical in addressing Africa’s pressing housing challenges, asserting that effective long-term housing crisis management on the continent will depend on such collaborations. Speaking at a dinner hosted in his honour…
