The Government has signed the Host Country Agreement with the Shelter Afrique 41st Annual General Meeting and a Memorandum of Understanding (MOU) which will see the financing organisation deliver 3000 homes.
The AGM earmarked for 25 to 30 July will be held in Victoria Falls under the theme, “Climate and the Built Environment.”
Speaking during a press briefing held in Harare yesterday, Minister of National Housing and Social Amenities Daniel Garwe said the AGM is going to give Zimbabwe a chance to redeem itself.
“We are gathered here today to witness a milestone in the housing environment in Zimbabwe. We are signing the first of the 41st Host Agreement between the Republic of Zimbabwe and Shelter Afrique for us to be able to host what is going to be the biggest event in Africa in housing and infrastructure development. We must demonstrate to the world what we are capable of,” said Minister Garwe.
Min Garwe added that the AGM is going to be a platform to transform to transform and introduce the country to the rest of Africa.
This is an opportunity for us to rewrite the story of Zimbabwe in terms of the housing agenda. The AGM is not only for Zimbabwe, but it will create opportunities for the rest of Africa. This is an opportunity for Zimbabwe to invite Africa to Victoria Falls which is the seventh wonder of the seven wonders of the world,” he said.
Shelter Afrique Managing Director Andrew Chimbondah said the AGM will provide Zimbabwe as the host country an opportunity to promote its local content.
“We will continue with a roundtable session for African Housing and Finance Ministers with a focus on Reserve and Central Bank Governors. From our experience, we have found that multilateral summits provide an opportunity for the host country not only to shape discussions but also to promote their local content. We will also consider hosting an international exhibition alongside the AGM,” said Chimpondah.
Minister Garwe said the government partnership with Shelter Afrique is in line with the National Development Strategy 1 (NDS1) and it will go a long way in alleviating the 1.5 million housing backlog in the country.
“We have Shelter Afrique with us here as a testimony that we can build 220 000 housing units by 2025 and we can build 2 million housing units by 2030. We are building these houses obviously focusing on the negative impact of climate change on housing,” he said.
Speaking prior to the signing ceremony, Minister Garwe who is also the first vice Chairperson of Shelter Afrique Bureau commended managing director Andrew Chombondah for leading a delegation to Zimbabwe noting that the move demonstrated his conviction in the country as an ideal destination for foreign direct investment.
Shelter Afrique is a Pan-African company for habitat and housing in Africa, an international housing finance and development institution headquartered in Nairobi. Its business involves structuring Private-Public Partnerships (PPPs) to deliver large-scale housing and setting up primary mortgage institutions and it has three institutional investors which include the African Development Bank (AfDB), Africa Reinsurance Company (Africa RE) and The African Solidarity Fund (FSA).
The previous Shelter Africa 40th AGM was held last year in Yaounde, Cameroon.