Pan-Africa housing development financier, Shelter Afrique has received an additional Ksh.838.7 million capital subscription from the Federal Government of Nigeria. The Additional stake now takes Nigeria’s shareholding to 15.8 percent, one-percentage-point behind top shareholder Kenya, which currently stands at 16.85 percent.  The other top three shareholders of

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Pan-African housing development financier Shelter Afrique has repaid Ksh.20.52 billion commercial debt owed to eight lenders, giving the company the leverage to underwrite new debt worth Ksh.51,31 billion. The lenders include the African Development Bank, Agence Française de Developpement, Commercial Bank of Africa, European Investment Bank, German KFW, Ghana International

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The government of Tanzania has acquired an additional stake in Shelter Afrique after paying Ksh.297 million (US$.2.7 million) The additional stake now takes Tanzania’s shareholding to 1.54 percent up from 0.3 percent held previously. Effectively, the contribution now reduces ownership of the top three shareholders with Kenya’s, Nigeria’s and

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