Pan-African housing financier Shelter Afrique is seeking institutional investors to bolster its capital standing after rebranding into a development bank last year, which allowed it to have an additional class of investors.
The revision of the lender’s article of association by its shareholders to elevate it to a development financial institution in October last year also allowed it to onboard private sector players, pension funds, commercial banks, and non-African financial institutions as its shareholders, but it is yet to get any so far.
