Shelter Afrique to commence affordable housing project very soon in Togo

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lundi, 04 octobre 2021 11:45
Shelter Afrique to commence affordable housing project very soon in Togo

(Togo First) - Togo’s President, Faure Gnassingbé, met with Shelter Afrique’s CEO, Andrew Chimphondah, last Thursday. Just after the meeting, Chimphondah said the firm would send to Lomé a technical team for the effective launch of its social housing project in the capital.

The project falls under a public-private partnership inked by the State and Shelter Afrique last March.

“We talked about the partnership between Shelter Afrique and Togo. This partnership includes supporting the construction of 20,000 social housing units, a project that is part of Togo’s development plan,” said Andrew Chimphondah.

Under the agreement, Shelter Afrique will partly finance the construction of 3,000 affordable social housing units in Togo. It will also act as an arranger to gather the rest of the financing needed from other investors.

The Togolese government, let’s recall, wanted to build 20,000 social housing units by 2022, but the deadline has been extended to 2025 due to Covid-19.

For this project, the country is supported by the West African Economic and Monetary Union (WAEMU) Commission, through the WAEMU Affordable Housing Finance Project (financed by the IDA).

Esaïe Edoh

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