Home Business Kenya pumps additional cash into Shelter Afrique

Kenya pumps additional cash into Shelter Afrique

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People Daily | by Lewis Njoka


Kenya has become the largest shareholder in the pan-African housing development financier, Shelter Afrique, after increasing its shareholding to 18.72 per cent. Shelter Afrique said it has received Sh992.8 billion ($9.2 million) additional capital contribution from the government.

The fresh injection puts Kenya ahead of Nigeria and Africa Development Bank which own 13.71 and 13.25 per cent shareholding respectively…

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