{"id":470063,"date":"2021-03-04T11:31:33","date_gmt":"2021-03-04T11:31:33","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=470063"},"modified":"2021-03-04T11:31:33","modified_gmt":"2021-03-04T11:31:33","slug":"agreement-between-shelter-afrique-and-the-togolese-government","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/03\/04\/agreement-between-shelter-afrique-and-the-togolese-government\/","title":{"rendered":"Agreement between Shelter-Afrique and the Togolese government"},"content":{"rendered":"
<\/div>

Shelter-Afrique, a pan-African housing development finance organization, announced on March 3, 2021 that it had signed in Nairobi a memorandum of understanding with the Togolese government to co-develop 3,000 housing units in Lom\u00e9. The deal, he says, is expected to step up the development of large-scale affordable housing projects in the country.<\/p>\n

According to Togolese Minister of Town Planning, Housing and Land Reform, Koffi Tsolenyanu, quoted in a Shelter-Afrique press release, the housing deficit is a major problem in Togo as in many other African countries. Recalling that the government, to make up for this deficit, launched a large-scale social housing program in 2015 to develop 20,000 housing units by 2025.<\/p>\n

For his part, Shelter Afrique Managing Director Andrew Chimphondah said the signing of the MoU was very important as it establishes a framework for the implementation of low cost and high volume housing programs, on the model of Public-Private Partnerships. His institution is expected to provide partial funding for the project, and act as the lead arranger for the additional funding.<\/p>\n

As a reminder, Togo has not yet fully paid its subscription to the capital of Shelter Afrique. The country is in talks with the institution to increase its membership in order to secure a permanent seat on the Board of Directors, according to Minister Tsolenyanu.<\/p>\n

Togo will have to contribute an additional capital of 10 million USD to obtain a permanent seat on the board of directors of the institution, which has 44 African countries among its shareholders.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Shelter-Afrique, a pan-African housing development finance organization, announced on March 3, 2021 that it had signed in Nairobi a memorandum of understanding with the Togolese government to co-develop 3,000 housing units in Lom\u00e9. The deal, he says, is expected to step up the development of large-scale affordable housing projects in the country. According to Togolese<\/p>\n","protected":false},"author":530746,"featured_media":470064,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[15176,12040,12046],"tags":[13136,1914,17412],"class_list":{"0":"post-470063","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-infrastructure","8":"category-international-institutions","9":"category-leaders-en","10":"tag-agreement","11":"tag-shelter-afrique","12":"tag-the-togolese-government","13":"post_format-post-format-aside","14":"pmpro-has-access"},"yoast_head":"\nAgreement between Shelter-Afrique and the Togolese government - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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