Shelter Afrique new boss to focus on Sh10bn bad loans book

Cleaning up the non-performing loans book is the top priority for Shelter Afrique’s new director-general Andrew Chimphondah.

Mr Chimphondah, who took the helm at the troubled Pan-African mortgage firm seven months ago, says lending will focus on large-scale property developers, those constructing at least one thousand units, and projects available through public-private partnerships.