Shelter Afrique has received $8.2 million injection of equity from the African Development Bank (AfDB). Shelter Afrique is a pan-African finance institution which exclusively supports the development of housing and real estate sector in the continent. In a statement, AfDB said the injection is meant...

The African Development Bank (AfDB) at the weekend, approved $8.2million equity investment in Africa’s housing and habitat company, Shelter Afrique, to strengthen its balance sheet and help it achieve its objective of providing quality affordable housing in Africa. This marks an important step towards addressing...

Reeling from the oil price plunge that has affected its revenues, Nigeria has asked the African Development Bank (AFDB) for a $1 billion loan to help fund an increased budget deficit, the bank stated. The bank said it was considering the loan to Africa’s largest...