{"id":130,"date":"2025-06-25T06:24:03","date_gmt":"2025-06-25T06:24:03","guid":{"rendered":"https:\/\/africadiplomacy.net\/?p=130"},"modified":"2025-06-25T06:24:03","modified_gmt":"2025-06-25T06:24:03","slug":"shelter-afrique-development-bank-extends-usd15m-housing-loan-to-banque-mauritanienne-de-linvestissement-to-finance-affordable-housing-projects-in-mauritania","status":"publish","type":"post","link":"https:\/\/africadiplomacy.net\/?p=130","title":{"rendered":"Shelter Afrique Development Bank Extends USD15M Housing Loan to Banque Mauritanienne de l\u2019Investissement to Finance Affordable Housing projects in Mauritania"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Nouakchott, Mauritania \u2013&nbsp;<\/strong><strong>25&nbsp;<\/strong><strong>June<\/strong><strong>,<\/strong><strong>&nbsp;2025<\/strong>&nbsp;\u2013&nbsp;Shelter Afrique Development Bank (ShafDB), a leading Pan-African multilateral development bank committed to financing and advancing housing, urban, and related infrastructure development,&nbsp;has signed a&nbsp;USD 15 million&nbsp;loan agreement with&nbsp;Banque Mauritanienne de l\u2019Investissement (BMI)&nbsp;to finance&nbsp;affordable housing in Mauritania.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This transaction, signed Monday in&nbsp;Nouakchott, Mauritania<strong>,<\/strong>&nbsp;is part of the ShafDB&#8217;s strategy to promote access to decent housing for low- and middle-income populations in Africa, and will strengthen Mauritania&#8217;s housing finance ecosystem, particularly for under-served populations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The loan will be used to co-finance the construction of 1,000 homes in the town of ZOU\u00c9RATT and the servicing of 1,000 plots in the commune of TEVRAGH ZEINA for the diaspora and residents.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commenting on the agreement, Shelter Afrique Development Bank&nbsp;Managing Director&nbsp;Mr Thierno-Habib Hann&nbsp;noted that&nbsp;ShafDB and the BMI shared a similar vision: to help the diaspora and residents of the town of ZOU\u00c9RATT to build their own homes.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5569349997155999\"\n     crossorigin=\"anonymous\"><\/script>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis partnership with BMI will make it possible to offer affordable and decent housing to low-income households, filling part of the 50,000 housing deficit in Mauritania in a context where urbanisation is growing at a rate of 4%,&#8221; said Mr Hann,\u201d said Mr. Hann.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BMI Managing Director Mohamed Yahya Sidi welcomed the agreement, saying his institution was honoured to work with Shelter Afrique Development Bank to finance affordable housing projects in Mauritania.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/africadiplomacy.net\/wp-content\/uploads\/2025\/06\/IMG-20250624-WA0012-1024x682.jpg\" alt=\"\" class=\"wp-image-132\" srcset=\"https:\/\/africadiplomacy.net\/wp-content\/uploads\/2025\/06\/IMG-20250624-WA0012-1024x682.jpg 1024w, https:\/\/africadiplomacy.net\/wp-content\/uploads\/2025\/06\/IMG-20250624-WA0012-300x200.jpg 300w, https:\/\/africadiplomacy.net\/wp-content\/uploads\/2025\/06\/IMG-20250624-WA0012-768x512.jpg 768w, https:\/\/africadiplomacy.net\/wp-content\/uploads\/2025\/06\/IMG-20250624-WA0012-1536x1024.jpg 1536w, https:\/\/africadiplomacy.net\/wp-content\/uploads\/2025\/06\/IMG-20250624-WA0012-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This partnership strengthens our commitment to Mauritania&#8217;s socio-economic development, broadens our inclusive housing finance solutions, and confirms our support for the country&#8217;s ambitious urban development programme,&#8221; said Mr.&nbsp;Sidi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Through this partnership, it is estimated that around 5,000 jobs will be created, 12,400 people will benefit from the project and 2,000 households will gain access to housing through self-build or direct purchase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nouakchott, Mauritania \u2013&nbsp;25&nbsp;June,&nbsp;2025&nbsp;\u2013&nbsp;Shelter Afrique Development Bank (ShafDB), a leading Pan-African multilateral development bank committed to financing and advancing housing, urban, and related infrastructure development,&nbsp;has signed a&nbsp;USD 15 million&nbsp;loan agreement with&nbsp;Banque Mauritanienne de l\u2019Investissement (BMI)&nbsp;to finance&nbsp;affordable housing in Mauritania. This transaction, signed Monday in&nbsp;Nouakchott, Mauritania,&nbsp;is part of the ShafDB&#8217;s strategy to promote access to decent housing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa-focus"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Nouakchott, Mauritania \u2013 25 June, 2025 \u2013 Shelter Afrique Development Bank (ShafDB), a leading Pan-African multilateral development bank committed to financing and advancing housing, urban, and related infrastructure development, has signed a USD 15 million loan agreement with Banque Mauritanienne de l\u2019Investissement (BMI) to finance affordable housing in Mauritania. 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