Shelter Afrique Development Bank Grants USD15M Loan to BMI for Affordable Housing in Mauritania
Shelter Afrique Development Bank (ShafDB) has signed a landmark USD 15 million loan agreement with Banque Mauritanienne de l’Investissement (BMI) to support affordable housing development in Mauritania.
Signed in Nouakchott, the deal aligns with ShafDB’s mission to expand access to decent housing for low- and middle-income populations across Africa. The funds will co-finance the construction of 1,000 homes in Zoueratt and the development of 1,000 serviced plots in Tevragh Zeina—targeting both residents and the Mauritanian diaspora.
“This partnership with BMI will make it possible to offer affordable and decent housing to low-income households, filling part of the 50,000 housing deficit in Mauritania in a context where urbanisation is growing at a rate of 4%,” said Mr. Thierno-Habib Hann, Managing Director of ShafDB.
BMI’s Managing Director, Mohamed Yahya Sidi, welcomed the agreement, stating, “This partnership strengthens our commitment to Mauritania’s socio-economic development, broadens our inclusive housing finance solutions, and confirms our support for the country’s ambitious urban development programme.”
The project is expected to create approximately 5,000 jobs, benefit 12,400 individuals, and provide housing access to 2,000 households through self-construction or direct purchase models.
