For his very first official visit to the African continent, the new president of BADEA, His Excellency Abdullah Al Musaibeeh, chose Kenya. A highly symbolic visit, marked by the signing of a strategic agreement with Shelter Afrique Development Bank (ShafDB) on July 29, 2025, at the institution’s headquarters in Nairobi.
Alongside Thierno-Habib Hann, CEO of ShafDB, the president of BADEA sealed a major concessional financing agreement, part of Shelter Afrique’s capital increase program. This commitment will enable eligible member states to strengthen their capital subscriptions and support financing for affordable housing and climate-resilient urban infrastructure.
This strategic partnership aims for tangible results: 16,800 funded housing units, 92,000 jobs created, and over 84,000 people positively impacted across the continent. It fully aligns with the Sustainable Development Goals, particularly SDG 11 (sustainable cities) and SDG 13 (climate action).
By choosing Shelter Afrique as its first institutional partner on the ground, BADEA reaffirms its commitment to a more inclusive and resilient Africa, driven by strong alliances and high-impact projects.
