Almot Maqolo, Staff Writer 
Shelter Afrique Development Bank (ShafDB) says it is committed to reducing risk and increasing impact through strategic collaborations with multiple banks in Zimbabwe. With the country facing a substantial housing backlog, ShafDB’s focus on affordable housing finance is crucial. In a recent interview with The Financial Gazette’s Almot Maqolo (AM), group chief business officer, Gibson Mapfidza (GM), discussed the bank’s recent US$15 million facility with CBZ Bank and how such partnerships are vital to addressing Zimbabwe’s housing deficit and fostering economic growth. Below are excerpts from the interview:
AM: Can you briefly walk us through the facility you’ve provided to CBZ?
GM: So, our relationship with CBZ started in 2012. In 2012, we advanced US$7,3 million to CBZ, and I am very happy that the group’s chief executive officer, Lawrence Nyazema, then indicated which project they did using that money. I am very aware of the project he mentioned, Nehosho, in Gweru. I know the project, and they did very well. The houses are very decent. And in 2014, we also came through. We advanced US$8,5 million, and they did the project along Chinhoyi Road, I think Fairview. That is where they deployed this money. We understand that they want to deploy or use our current facility for the Northgate development that they are currently working on.
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