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Shelter Afrique to Host 40th AGM, Annual Housing Symposium in Cameroon
Category :- News Author :- L J KINGAH 
Posted on May 5, 2021, 10:26 am
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Shelter Afrique, the pan-African housing development bank has announced that Cameroon will be the host of its 4oth Annual General Meeting –AGM during which it will also hold its annual housing symposium.

Scheduled to take place in Yaounde, Capital of Cameroon, the AGM will run from June 20 to 26, 2021. The annual housing symposium will be held under the theme “Four Decades of Affordable Housing Policies in Africa: Mapping the Next Forty Years.”

Shelter Afrique

To expand the company’s capital subscription base and raise additional funding, during the meeting, there 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.” according to the release.

Cameroon’s Minister of Housing and Urban Development and 1st Vice Chairperson of the AGM Bureau Célestine Ketcha Courtes have revealed that measures are already being put in place towards the events.

These were her words, “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 presented by Business in Cameroon.

Shelter Afrique

According to her, “As a country”, Cameroon is “committed to hosting a unique AGM”

Meantime, Fonds De Solidarite Africain FSA is already “expected to join under Class “B” shareholding in June 2021.” Shelter Afrique’s CEO, Andrew Chimphondah revealed.

He added that, “At the 40th AGM” they “will be seeking shareholders’ approval.”

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