(Business in Cameroon) - From June 20 to 26, 2021, the pan-African housing development bank Shelter Afrique will hold its 40th annual general meeting (AGM) in Yaoundé. During the meeting, the institution will hold its annual housing symposium around the theme “Four Decades of Affordable Housing Policies in Africa: Mapping the Next Forty Years.”

According to the release announcing the meeting, “in addition to mapping the next forty years for the Company, another item high on the agenda will be the onboarding [of] new Class “B” shareholder” and creation of further Class “C” shareholders opportunities “for non-African institutions and private companies to invest in the Company,” to expand Shelter Afrique’s capital subscription base and raise additional funding.

“Already, Fonds De Solidarite Africain (FSA) is expected to join under Class “B” shareholding in June 2021. At the 40th AGM, we will be seeking shareholders’ approval,” commented Andrew Chimphondah, Shelter Afrique’s CEO.

In Cameroon, the government is already taking measures to host the event. “We are eager to share the Cameroonian hospitality but, more importantly, to engage with the Finance Ministers and Housing Ministers that will be present from the 43 member countries, Africa Development Bank, Africa-Re, and other stakeholders in the housing and financial sectors, to collectively find pragmatic solutions to the housing crisis in Africa, more so during this post-COVID-19 era. As a country, we are committed to hosting a unique AGM,” says Célestine Ketcha Courtes, Cameroon’s Minister of Housing and Urban Development and also 1st Vice Chairperson of the AGM Bureau.

BRM