ShafDB CEO Thierno Habib Hann. Photo/courtesy.
Shelter Afrique Development Bank reported a 20 percent increase in profitability in 2025 as the pan-African lender expanded financing for affordable housing and urban development projects across the continent.
The institution posted a comprehensive profit of $2.14 million for the year ended December 31, 2025, up from $1.79 million recorded in 2024.
The improved performance was driven by growth in lending activities, stable revenue streams, stronger treasury operations and returns from strategic investments.
Loan disbursements rose sharply during the year, increasing by 162 percent to $63 million from $24.06 million in 2024. The growth helped expand the bank’s net loan portfolio by 29 percent to $174.08 million.
Total assets grew by 12 percent to $235 million while shareholders’ funds increased to $176.09 million, supported by profits and additional capital subscriptions from member states.
One of the lender’s biggest milestones during the year was securing a $120 million concessional facility from the Arab Bank for Economic Development in Africa (BADEA). The funding is expected to support member states in normalising capital subscriptions and strengthen the institution’s path towards achieving an investment-grade credit rating.
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Shelter Afrique also secured an additional $50 million financing facility from Afreximbank, boosting its capacity to finance affordable housing and urban infrastructure projects across Africa.
The lender made further progress in developing local currency financing solutions aimed at reducing foreign exchange risks for borrowers and improving project sustainability.
Preparations are also at an advanced stage for a CFA franc-denominated sustainable bond programme worth CFA60 billion in West Africa, alongside a planned $500 million East Africa Sustainable Bond Programme.
Chairperson of the Board Lionel Zinsou said the results reflected the success of the institution’s transformation strategy and its efforts to strengthen financial sustainability.
“The Bank’s performance in 2025 reflects the successful execution of our transformation agenda and the strength of our governance, strategy and partnerships,” said Zinsou.
Managing Director and CEO Thierno-Habib Hann said the institution had strengthened its balance sheet while laying the groundwork for future growth through capital market initiatives, local currency financing and strategic partnerships.
Shelter Afrique is positioning itself to play a larger role in addressing Africa’s housing deficit, financing sustainable urban development and supporting the continent’s rapid urbanisation.
Looking ahead, the lender plans to deepen its presence in African capital markets, expand local currency financing capabilities and diversify funding sources to support long-term growth and development impact.
