Browsing: Teyliom Group

A section of the Diamniadio Lake City (DLC) in Senegal. Shelter Afrique has signed a US$11.6 million line of credit with Senegal’s Teyliom Group to develop houses in the city expected to be completed by 2035. www.theexchange.africa

Shelter Afrique invests US$11.6M in Senegal’s Diamniadio Lake City

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After signing a deal with a Rwandan bank to build 2,000 affordable housing units, Shelter Afrique is heading to Senegal in West Africa for a similar deal.

The Pan African housing developer has signed a US$11.6 million line of credit with Senegal’s Teyliom Group for the construction of affordable housing units.

Shelter Afrique says the money will go toward the development of affordable housing with the world-class Diamniadio Lake City (DLC).

The deal with Teyliom Group is the first significant project Shelter Afrique has embarked on in Senegal since 2016 and is the second transaction the Company is making with the Teyliom Group.

When complete, the project is expected to deliver large-scale affordable housing of 3,439 units with selling prices starting at US$26,000 for more than 20,000 individuals and create more than 3,000 jobs, with a sizeable number of those being held by women.

The high-density estate has been designed …