3. equity investments & joint ventures - shelter afrique · our available investment vehicles...

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www.shelterafrique.org 01 > Are you a developer or a financial institution providing construction or mortgage finance? Are you a property or housing fund? Are you looking to contribute to the development of affordable housing stock and effective demand, to bridge your equity gaps, improve your returns and governance, and/or attract additional capital? 02 > The solution Through our venture capital interventions we facilitate access to equity across the entire housing finance life cycle, and play a crucial role in developing the mortgage market across Africa through the provision of long term funding to select financial institutions. We also build capacity for small and medium sized developers to provide affordable housing in Africa on a large scale. Our available investment vehicles include joint- ventures, direct equity, mezzanine financing and fund investment. These are specifically designed for (and limited to) housing finance, including banks providing construction loans and mortgage finance; secondary mortgage institutions; insurance companies and other financial vehicles targeting (totally or partially) the housing sector and related infrastructure; residential real estate development projects (including site and service schemes); real estate development and asset management companies; enterprises manufacturing building materials and equipment; and private equity funds focused on housing, especially targeting low and middle income segments of the population in Africa. 3. Equity Investments & Joint Ventures “Time to venture out”

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Page 1: 3. Equity Investments & Joint Ventures - Shelter Afrique · Our available investment vehicles include joint-ventures, direct equity, mezzanine financing and fund investment. ... equity

www.shelterafrique.org

01 > Are you a developer or a financial institution providing construction or mortgage finance? Are you a property or housing fund? Are you looking to contribute to the development of affordable housing stock and effective demand, to bridge your equity gaps, improve your returns and governance, and/or attract additional capital?

02 > The solution Through our venture capital interventions we facilitate access to equity across the entire housing finance life cycle, and play a crucial role in developing the mortgage market across Africa through the provision of long term funding to select financial institutions.

We also build capacity for small and medium sized developers to provide affordable housing in Africa on a large scale.

Our available investment vehicles include joint-ventures, direct equity, mezzanine financing and fund investment.

These are specifically designed for (and limited to) housing finance, including banks providing construction loans and mortgage finance; secondary mortgage institutions; insurance companies and other financial vehicles targeting (totally or partially) the housing sector and related infrastructure; residential real estate development projects (including site and service schemes); real estate development and asset management companies; enterprises manufacturing building materials and equipment; and private equity funds focused on housing, especially targeting low and middle income segments of the population in Africa.

3. Equity Investments & Joint Ventures

“Time to venture out”

Page 2: 3. Equity Investments & Joint Ventures - Shelter Afrique · Our available investment vehicles include joint-ventures, direct equity, mezzanine financing and fund investment. ... equity

Shelter Afrique is the only pan-African finance institution that exclusively supports the development of the housing and real estate sector in Africa. A partnership of 44 African Governments, the African Development Bank (AfDB) and the Africa Reinsurance Company, Shelter Afrique builds strategic partnerships and offers a host of products and related services to support the efficient delivery of both affordable housing and commercial real estate. These include lines of credit to financial institutions, construction finance, trade finance, equity and joint venture finance, and practical advice and technical assistance to a wide range of industry stakeholders.

03 > Our credentialsThe scale and scope of our equity investments, along with our added value on fundraising, allows us to promote best market practice and corporate governance for entities we choose to support, thereby building their capacity considerably.

Our equity activity is principally backed by resources from our main shareholders and investments will normally range between USD 1 million to a maximum investment of USD 5 million per transaction.

Shelter Afrique’s mission is to assist both private and public sector institutions in Africa to identify, finance and implement housing and related urban infrastructure projects to achieve our goal of housing for all.

04 > Take the next stepTo apply for financing from Shelter Afrique, please submit a formal written application letter stating your requirements and outlining your investment plan.

Applications will be processed on the basis of the following: audited financial statements for at least the past three years; current year latest management accounts; detailed profiles of senior management; a comprehensive business plan or feasibility study drawn up by or on behalf of your company; and, technical information such as site layouts and architectural plans.

To be eligible, your company should demonstrate positive and consistent results, strong corporate governance, a competent team and clearcut plans.

Please submit your written application, with supporting documents to:

Director of Business Development & OperationsShelter Afrique Centre,Longonot Road, Upper Hill,P.O.Box 41479,00100 NairobiKenyaE-mail: [email protected]: +254 20 497 8000For further details, please visit www.shelterafrique.org

Fast FactsHeadquarters: Nairobi, Kenya Authorised capital (Dec 2011): USD 300m2011 International Moody’s rating: Ba1Number of loan approvals (2011): 21 projects in 10 countries for total approval of USD 103.8mCumulative loan approvals (Dec 2011): USD 537mCumulative disbursements (Dec 2011): USD 259m