The Africa Development Bank (AFDB) has injected 8.2 million dollars in pan-African finance institution, Shelter Afrique.

In a statement, the bank says the injection aims to strenghten its balance sheet and aid the realisation of affordable housing in Africa.

It further highlighted that Africa’s economic landscape and its promising scope for growth are some of the factors driving the increased demand for affordable houses.

With the fund, the AFDB expects Shelter Afrique to help meet the continent’s growing population housing demands.

Shelter Africa is recognised for its exclusive supports in the development of housing in the continent.