SHELTER-AFRIQUE VACANCIES

INDEPENDENT DIRECTOR (2 POSITIONS)

SHELTER-AFRIQUE is a regional Housing Finance Institution established by African Governments and the African Development Bank dedicated to investment in housing and urban developing in African countries. The current share holding comprises 43 African countries, the African Development Bank and the African Re-Insurance Corporation. In order to enhance its corporate governance, the Institution with its headquarters in Nairobi would like to fill two vacancies on its Board of Directors from nationals of its member countries.

The Directors shall be expected to:

1. Actively participate in the Board Committees and Board meetings and deliberations as any other director;

2. Provide technical, financial, and other independent expertise to the Board;

3. Reduce potential conflicts between the management and wider interest of the Company and Shareholders;

4. Provide the benefit of their experience and know-how to decision making by the Board;

5. Lead some of the Board’s Committees;

6. Independent Directors shall serve for a term of 3 years renewable only once;

Minimum Qualifications and experience:

1. Prospective candidates must have at least five years experience as a director of the board of directors of a reputable local or International organization;

Director for Investment Analysis and Construction/Finance; should have qualifications and experience in investment analysis and construction/project finance. He/She will have an MBA or other advanced business degree with at least 10 years professional experience.

Director for Risk Management and Audit should have wide experience in risk management and audit. He/She should have at least 10 years experience in an Audit firm or head of risk management or internal audit of a reputable institution.

2. Independent directors shall have no material relationship with the Institution beyond his or her directorship and who:

Ø Has not been an employee or an officer of Shelter-Afrique for the preceding five financial years;

Ø Has not been an employee or an officer of a company directly or indirectly controlled by the Institution.

Ø Has not been a client, or financial agent in business in relation with the Institution;

Ø Has no family links with the senior officers of the Institution;

Ø Has not, during the last five years, worked for the Institution in a professional capacity e.g. as its auditor or corporate lawyer;

Ø Has not been a director of the Institution during the last twelve years

Ø Does not represent any Shareholder or group of Shareholders;

COMPENSATION:

Shelter-Afrique shall offer competitive and attractive compensation to the Independent directors to include travel and other costs as well as sitting allowances and/or director fees for both Board and Committee meetings.

APPLICATIONS:

Applicants are invited to send a cover letter illustrating their suitability against the listed qualifications and detailed curriculum vitae as well as names and addresses of the referees to jobs@shelterafrique.org and/or Shelter Afrique Center Longonot Road Upper Hill PO Box 41479 -00100, Nairobi Kenya.

Applicants should indicate the position applied for as the subject line of their email submissions. The deadline for submission is 7^th February 2012. Only short-listed applicants meeting the above requirements will be contacted.

We invite you to learn more about Shelter-Afrique by accessing our website; http://www.shelterafrique.org