Afreximbank
PicNews
Afreximbank and Shelter Afrique Development Bank (ShafDB) have signed a groundbreaking Joint Project Preparation Facility (JPPF) Framework Agreement to unlock $1 billion in investments, transforming housing and urban development across Africa. This strategic partnership combines ShafDB’s expertise in housing and urban development with Afreximbank’s extensive experience in project preparation, poised to unlock new opportunities and deliver transformative projects in critical sectors.
The partnership aims to unlock a cumulative investment value of at least $1 billion, focusing on priority sectors such as building and construction, housing, healthcare, hospitality and tourism, industrial, manufacturing of building materials, commercial and residential infrastructure, and logistical platforms. The JPPF provides early-stage project preparation financing to propel projects from concept to bankability efficiently and effectively. It also includes a robust capacity-building program to enhance project preparation skills of ShafDB staff.
The agreement was signed by Ms. Oluranti Doherty, Managing Director, Export Development Afreximbank, and Mr. Thierno-Habib Hann, Managing Director and CEO, ShafDB, on the sidelines of the fourth Intra-African Trade Fair (IATF2025). IATF2025 is projected to result in trade and investment deals valued at over $44 billion. This partnership is expected to establish economic hubs and platforms promoting trade and tradeable services, acting as a catalyst for private sector investment and leading to substantial socio-economic development across the continent.
Both Afreximbank and ShafDB are members of the Alliance of African Multilateral Financial Institutions (AAMFI), underscoring their commitment to collaboration and innovation in fostering economic development and growth across Africa. The partnership aligns with the shared vision of promoting economic growth and enhancing project quality on the continent, and is a transformative step toward building resilient, inclusive, and sustainable cities across Africa.
