Harare, (New Ziana) –The Zimbabwe government has approved the signing of a Memorandum of Understanding with Shelter-Afrique to facilitate the establishment of an African Housing Development and Finance Institution.

Shelter-Afrique (The Company for Habitat and Housing in Africa) was established by a Constituent Charter of the African Union in 1982, as an African Housing Development Finance Institution to assist African Member States to deliver affordable housing.

It has 45 African Member States who are Class A shareholders and three non-state Class B shareholders with Zimbabwe being a Class A shareholder.

Information, Publicity and Broadcasting Services Minister, Dr Jenfan Muswere told the media that the government had approved the ratification of the amendments for the establishment of the Company for Habitat and Housing in Africa (Shelter- Afrique) to the Shelter Afrique Development Bank.

This will reposition Shelter-Afrique to implement its founding member countries’ original vision and intention to establish the “African Housing Development and Finance Institution.”

New Ziana