Pan-African housing development financier Shelter Afrique has entered into an agreement with with South Sudan-based real estate firm, Triangle Real Estate to develop 26,000 housing units for South Sudan Defense Forces at an estimated cost of $1.5 billion through a public-private-partnership special purpose vehicle.
The agreement was signed in Nairobi by Shelter Afrique 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.
Shelter Afrique secures deal with Triangle Real Estate to develop 26,000 housing units in South Sudan
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Shelter Afrique, a Pan-African housing development financier, has signed an agreement with Juba-based real estate firm, Triangle Real Estate, to develop 26,000 housing units for the South Sudan Defense Forces. The project is estimated to cost Ksh. 160 billion ($1.5 billion).
The MoU was signed in Nairobi by Shelter Afrique CEO, Andrew Chimphondah and Triangle Real Estate CEO 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 program initiated by President Salvar Kiir in 2018,” Amb. Kuol said.
What’s new? In February 2020, South Sudan’s two main belligerents began forming a unity government pursuant to a peace deal inked a year and a half earlier. But the pact is fragile, smaller conflicts are still ablaze and the threat of return to full-blown civil war remains.
Why does it matter? Forthcoming elections could test the peace deal severely. Looking further ahead, conflict will continue to plague South Sudan until its leaders forge a political system that distributes power more widely. The cost of cyclical fighting since 2013 has been steep: hundreds of thousands dead and millions uprooted from their homes.
While conducting research in
Washington recently, I took a break and looked up an old friend. A cab brought me to his “neighborhood” the
Arlington
National
Cemetery where the information center provided me with his exact address: section 12, grave number 288. This was the final resting place of Maj.-Gen. Orde Wingate, a British officer widely regarded as the father of modern guerrilla warfare. A brilliant tactician and a daring innovator, Wingate was credited by many with turning the tide against Axis forces in
Ethiopia and
Burma during World War II. Winston Churchill hailed him as “a man of genius who might well have become also a man of destiny.”
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