![Triangle Real Estate Chief Executive Officer Amb. Arop Deng Kuol, and Shelter Afrique Chief Executive Officer Andrew Chimphondah exchange documents after signing the USD1.5bn housing deal. [Photo by Shelter Afrique]](https://i0.wp.com/www.sudanspost.com/wp-content/uploads/2021/05/Photo2-Amb.-Kuol-and-Mr.-Chimphondah.jpg?quality=89&ssl=1)
The MOU was signed in Nairobi by Shelter Afrique’s Chief Executive Officer Andrew Chimphondah and Triangle Real Estate Chief Executive Officer Amb. Arop Deng Kuol, on behalf of the Ministry of Finance and Planning for the Government of South Sudan.
“We have been mandated by the Ministry of Finance and Planning to source funds for the construction and completion of a defense housing project on behalf of the Government of South Sudan under the Peace Through Development programme initiated by President Salvar Kiir in 2018,” Amb. Kuol said.
Amb. Kuol noted that the signing of the MOU was critical in addressing the housing crisis in South Sudan, which has been exacerbated by many years of conflicts.
“The housing crisis in South Sudan is dire. In fact, we are starting from the scratch – the reason this memorandum of understanding we’ve signed with Shelter Afrique is very important for us and is proof that provision of affordable housing is central to the agenda of the government of the South Sudan, not just for the Forces but for the entire population,” said Amb. Kuol.
Mr. Chimphondah said the signing of the MOU with Triangle Real Estate highlights Shelter Afrique’s catalytic role in the provision of affordable housing finance across Africa.
“Our vision is to provide affordable housing for all Africans – including South Sudan. We are proud to be part of this partnership and we look forward to being the pre-eminent provider of financial, advisory and research solutions geared towards solving the housing crisis in South Sudan which has a shortage of 4 million units,” Mr. Chimphondah said.
The Project scope includes development of 148 housing blocks of 160 housing units each at New Site, Qiada Junubiya, J-3 Presidential Guards Apartments, and at New Bonga.
Under the agreement Triangle Real Estate will act as the developer and contractor of the project in conjunction with various consultants. Shelter Afrique, on the other hand, will provide catalytic funding as well as act as the lead arranger to assist in raising additional financing through the syndication of other Developmental Financial Institutions as applicable.
Shareholding
Amb. Kuol also noted that the government of South Sudan was keen on becoming a shareholder of Shelter Afrique and was actively sourcing the budget for the capital subscription fees.
“In addition to sourcing for finance for the Defense Forces housing project, the government of South Sudan has also mandated Triangle Real Estate and a financial advisor – Benchmark Solutions to source for funds to this effect and we are currently in talks with some potential financiers. We believe that South Sudan should become a member of Shelter Afrique in 2021 when approved at the AGM that will be held on the 24th June 2021,” Amb Kuol said.
Shelter-Afrique is a pan African housing finance and development institution established by African governments to address the need for a sustainable housing delivery system and related infrastructure projects in Africa. Shareholders include 44 African countries, the African Development Bank, and the African Re-Insurance Corporation.
The company’s mandate, according to its website, is to provide financing through debt, quasi-equity and equity to both public and private institutions for housing and urban infrastructure projects in its member countries.
Shelter Afrique builds strategic partnerships and offers a host of products and related services to support the efficient delivery of affordable housing and commercial real estate. These include project finance, institutional lending, equity investments & joint ventures, trade finance, and social housing.
“South Sudan, Pan-African firm sign deal to construct housing for members of armed forces”
Sign that piece of trash and chops it into your damned Pan-Africa arse, and that so-called Triangle Real Estate and a financial advisors. it doesn’t worse a shred of a paper it is alleged signed on idiots. Who do you low lives really think you are? Go and sign your damned bullshits in Bantustans of South Africa, Nigeria, democratic of republic Congo, Cameroon, Ghana, Serra Leone, Liberia, Central Africa republic (C.A.R), Somalia, Chad, Abesh (so-called ethiopia) prostitute low lives,. Here in South Sudan, go to hell.
Fools, you have been warned your *evil white Americans, white English people, their cloned so-called arabs of North Sudan, Abeshas (so-called ethiopians) prostitutes, some of their Bantuses, their evil juus (so-called israelis ) attack dogs, their UN, their sleazy NGOs, Indians, Pakistanis, Nepalese, Bangladeshis, Sri Lankans and their gulf Arab terrorist love affairs with our country and our people has gone too far*
Our country is part of low lives so-called *Commonwealth countries or the damned so-called ANGLO-AMERICAN axis, never has and will never ever damned will under the sun or even in million years, reasons, pure HATRED and RACISM*
Some low lives who never ‘a stench of gunpowder all their lives’. They will always try to run foreign capitals, hotels, brothels and bars, go and sign their bullshits and thought they would come anyones.
I would give you piece of trashes anecdote, Mr. Barack Hussein Obama, a low educated piece of trash was brought to Kenya and Abesh (so-called ethiopia) in 2015, by his *secret society and CIA handlers*. Came lectured the South Sudanese, that if “they don’t reached that target”.
Then the US and his damned UNSC which was then headed by a South Korean, Ban Ki Moon slitty-eyed piece of trash would have other options, while the same Barack Hussein Obama and Mrs. Clinton, Susan Rice, Susan Paige where the ones who directed the coup against South Sudan and the Sudanese people.
Watch out fellows. South Sudan is not your Somalia though. Again, Mr. Bill Clinton and his bunch of the so-called *foreign relation hawks in Washington, Wall Street, Panama, British Virgin islands, Hong Kong, Singapore, Taiwan, UAE, evil juus (so-called israel) et al destroyed ‘Haiti Agriculture’*
The sole aim was mainly for the US to be selling their generically produced maize (corns) or nonsense to Haitian people. Countries of Kenya, Abesh (so-called ethiopia), North Sudan, Rwanda and their dry bones gulf Arab states, Chad, Nigeria, Malawi and other countries don’t have any food.
But the evil white Americans, English people, their UN, their sleazy NGOs, evil juus (so-called israelis) attack dogs, Mr. Pope Francis, damned so-called queen Elizabeth piece of trash and some of their parasites/vermins who have attached themselves to our country and over our people like ‘leeches or ticks’.
We just want a whistle blown fellows, pure HATRED and RACISM.
In 1999, one country, two systems. Did you creeps forgot that damned cheap slogan? Our country and our people cannot always be used as benchmarks by some low lives who are not our equal