Sharp Daily
No Result
View All Result
Wednesday, June 25, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Real Estate

Shelter Afrique Approves Ksh1.6B Loan To Lagos Real Estate Firm

Sarah Wamaitha by Sarah Wamaitha
November 14, 2022
in Real Estate
Reading Time: 2 mins read
Shelter Afrique

[Photo/ Courtesy]

A Lagos-based real estate company, Mixta Real Estate PLC has been granted a Ksh1.6 billion loan from Pan-African housing development financier Shelter Afrique for three housing projects.

The 5-year facility will be used to fund Mixta Real Estate PLC’s ongoing construction projects in Morocco, Senegal, and Côte d’Ivoire.

Read: Shelter Afrique Eyes Sovereign Lending Market

With selling prices ranging from Ksh3.1 million ($26,000) in Morocco to Ksh5.5 million ($45,000) in the Ivory Coast, and between Ksh4.4 million and Ksh6.3 million ($36,000 and $52,000) in Senegal, the facility will co-finance the construction of 356 housing units in Côte d’Ivoire, 162 units in Senegal, and 371 units in Morocco.

RELATEDPOSTS

Why small investments are a power move

June 20, 2025

HealthCare investment trends and insights

June 19, 2025

Kingsley Muwowo, managing director of Shelter Afrique, commended the two organizations’ long-standing relationship while speaking at a signing ceremony in Nairobi.

“We have therefore structured both the Naira and Dollar denominated credit facilities to support their real estate projects. The Naira loans which are supported by the First series of the ₦500 billion bonds which raised ₦46 billion, will support Mixta Africa’s projects in Nigeria to guard against forex risks,” Muwowo said.

To address the housing shortage, the financier of housing has been increasing its investment in the nation with the highest population in Africa with over 200 million people.

In the recent past, Shelter Afrique ramped up its activities in DRC by actively pursuing large-scale, low-cost housing projects through public-private partnerships and equity investments.

Read: Shelter Afrique Extends Ksh2B Loan To MSD For Housing Projects In DRC

Recently, Shelter Afrique also approved a line of credit worth USD 11.4 million to a financial institution to finance 285 mortgages in the country. Other projects so far financed by Shelter Afrique in the DRC include Devimco’s 7-floor office building for rental purposes, La Tradition, Le Concorde, L’Ambassadeur; Azda; and a 10-storey building in Kinshasa developed by ELOLO SPRL.

Shelter Afrique is held by the African Development Bank, the African Solidarity Fund, the African Reinsurance Corporation, and 44 African countries.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya’s IMF Loan Terms To Be Reviewed By Senate

Next Post

KCB Group CEO Paul Russo Appointed To Top UNEP Job

Sarah Wamaitha

Sarah Wamaitha

Related Posts

Crime

Why Athi River deserves your investment

June 24, 2025
Real Estate

Restructure housing levy to solve Kenya’s housing crisis

May 23, 2025
Real Estate

Navigating the fallout of foreign aid reductions

May 20, 2025
International

Knight Frank; Kenya’s wealthy are trading mansions for market moves

May 16, 2025
Real Estate

Nairobi real estate divide

May 15, 2025
Real Estate

A KES 6.4 million real estate heartbreak in Syokimau

May 12, 2025

LATEST STORIES

How Kenya can compete with global employment markets

June 24, 2025

Why Athi River deserves your investment

June 24, 2025

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024