ShafDB approved to issue bonds to raise funds for housing project

Shelter Afrique Development Bank’s (ShafDB) has received a nod to issue bonds as a way of mobilising capital to fund its housing project in Africa...

✨ Key Highlights

Shelter Afrique Development Bank (ShafDB) has received approval to issue bonds, a move designed to mobilize capital for its housing projects across Africa.

The approval follows a confirmation from S&P Global Ratings that ShafDB's Sustainability Finance Framework aligns with international green and social bond principles.
This framework will guide the issuance of green, social, and sustainability (GSS) financing instruments.
The bond issuance will support projects including affordable housing, green buildings, and climate-resilient infrastructure, aiming to address Africa's housing deficit and align with the United Nations Sustainable Development Goals (SDGs).

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