7 June 2012

Rwanda: Country to Host the Pan African Meeting On Low Income Housing Supply

The Ministry of Infrastructure is hosting the 31st Shelter -Afrique Annual General Meeting and 2012 Annual Symposium from 6th to 8th June 2012 at Serena Hotel, Kigali under the theme "Financing Low Cost Housing in Africa: Meeting the Challenges"

More than 250 delegates from 44 African countries Rwanda inclusive are expected to attend the meeting. 23 Ministers and Senior Housing and Welfare Officials as well as leaders in the housing construction and finance industries shall, over a three day period, consider and debate policies, solutions and action plans finance the low and middle income housing in their countries with emphasis of improving affordability of decent housing for stakeholders in the region falling in the lower income brackets.

Creation of viable private public partnerships shall also be discussed, options for lower rates relating to housing and sourcing of financing for projects at competitive pricing and most importantly, the role that the Government should play in creating policies and opportunities for stakeholders to acquire decent housing.

The meeting will also be attended by firms experienced in housing finance outside Africa, who will share fair rates in their vast experience in this field and propose, on the basis on his experience, appropriate models for Africa on financing low income housing.

As an integral part of the symposium, the meeting will also review the role that Shelter Afrique, a multilateral institution to which all the 43 member countries belong should play in facilitating the financing of decent housing and review the performance of the Company during 2011 in the realization of this mission in the region.

These discussions will form a part of the symposium as well as part of the review of the annual performance of the Company at the closed door Annual General Meeting of the Company which shall be held on the 7th of June 2012, after the completion of the symposium. It is expected that the Annual General Meeting will approve the application by Cote D'Ivoire to join this growing body of countries keen to improve housing in Africa as its 44th member.

Rwanda, for its part, shall share with delegates the steps that the country has taken to improve housing as well as generally improving the investment climate in the country. Field visits will be organized for the purpose of sharing the Rwandan experience and interests potential business partners in investing in the Rwandan construction industry and businesses generally.

The regional meeting of Senior Government Officials and stakeholders, exchanges and site visits meeting will also offer Rwanda excellent opportunities to engage Shelter Afrique and other financial institutions to invest or commit more funding to Rwanda's housing sector given the existing opportunities in the industry.

The event comes at an opportune time when the priorities of Rwanda through vision 2020 and EDPRS are focused towards addressing housing needs of the population, and the Government's commitment to work closely with all stakeholders to pro- actively implement the agenda of providing decent housing especially for the low and middle income earners.

Having such meeting will also strengthen Rwanda's networking and strategic relationships with key players in the mortgage industry, in order to improve the financing mechanisms in the housing sector and continues to seek out exciting emerging partnerships.

Established in 1982, with Headquarters in Nairobi, Kenya, Shelter-Afrique is a Pan African financial institution dedicated to finance housing and infrastructural related activities in Africa. Its membership is presently comprised of 43 African Countries, Rwanda inclusive since 1987. Membership also includes the African Development Bank and Africa-Reinsurance. Rwanda is hosting this regional event for the second time since it joined Shelter Afrique .

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