Our 2019-2023 strategy promotes the development of large-scale housing units of nothing less than 1000 units, Teyliom Group project ticks that box,” Shelter Afrique Chief Executive Officer, Andrew Chimphondah, said.Shelter Afrique is the only pan-African finance institution that exclusively supports the development of the housing and real estate sector in Africa.The DLC is a government-approved futuristic city based in Diamniadio designed to ease the congestion in the capital, Dakar.Dakar, Senegal’s capital, is home to a quarter of the country’s 14 million people. 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 sizable number of those being held by women.The high-density estate has been designed to be comfortable, convenient & and dignified.

Diamniadio Lake City, ou tout simplement Diamniadio - est la ville en devenir du Sénégal. Some of the notable projects we have funded in that time are Grand Mbao-Senegal (Phase 3) in March 2002 for FCFA 1 billion, the Espace Ouakam in November 2006 for FCFA 690 million and Al Azhar in March 2009 for FCFA 400 million,” Chiphondah said.“In March 2008, Shelter Afrique extended a line of FCFA 1.92 billion. Looking at what has been achieved so far, the project in Senegal appears to be on track for success in achieving its vision: To transform the planned city into an interconnected, lively and desirable place to be.Have you heard about any other futuristic city concepts? Diamniadio Lake City, la ville en devenir du Sénégal

The project approved in 2013 is part of President Macky Sall’s plan to rebuild Diamniadio city and revive the country’s economy.The project extending over 1644 hectares will have residential areas and business districts.In addition to having hotels, fashion centres, the Abdou Diouf International conference area, Dakar Arena for sports, research centres and an exposition centre, the LEED-certified project will also accommodate government ministries and universities among other establishments.A 32 km express highway will connect the DLC to Dakar which is expected to reduce travel time by an hour to 30 minutes.Already, Senegal has launched the first regional electric express train, the Train Express Regional (TER) replacing the old railway line which was abandoned in 2009.Chimphondah said the company had had a long and successful history with Senegal and Teyliom Group.“We have approved 25 projects for a total of US$56 million in the country. ©2020 All rights reserved.

By 2035, Diamniadio Lake City is set to become one of Senegal’s most modern urban centres – if the plans laid by president Macky Sall prove successful. It will have public parks, community buildings, shopping centres, health facilities and schools.“The project is demonstrative of the guiding principles of Shelter Afrique over the last couple of years. However, there are no plans for Diamniadio to replace Dakar.Once complete, Diamniadio Lake City will span 17 square kilometres divided into Based on the marketing photos and the buildings that have already been constructed, it’s clear that Senegal is setting the bar high in terms of Copper – a material that represents a connection to our planet – features heavily in the façade designs. The US$2 billion DLC is meant to ease residential and commercial congestion in the city. This website uses cookies. G-Pulse.

By integrating spacious, well-lit green zones and paths, the project aims to create a hub of communication and creativity that brings together nature, culture and architecture in a single location.Diamniadio Lake City is an experimental architectural concept that will ultimately create a combined work, living and leisure space for 350,000 people. Construction work on By 2035, Diamniadio Lake City is set to become one of Senegal’s most modern urban centres – if the plans laid by president In the past, African governments have made numerous attempts to transfer entire capital cities to new locations in an effort to solve infrastructural problems and increase the stock of housing.

on Shelter Afrique invests US$11.6M in Senegal’s Diamniadio Lake CityDangote starts test run of its US$2B Nigeria fertilizer plant Powered by Gira Giersiepen GmbH & Co. KG Dahlienstraße 42477 Radevormwald - Germany Diamniadio, le pôle urbain du Sénégal.


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