Shelter Afrique parts ways with third CEO in seven years

Former Shelter Afrique CEO Andrew Chimphondah. PHOTO | POOL

The board of Shelter Afrique has announced the sudden exit of its managing director Andrew Chimphondah, joining a list of executives who have left the Pan-African housing financier abruptly or under a cloud of controversy.

Mr Chimphondah, who took over the helm three and a half years ago, was charged with steering its turnaround following tumultuous years that saw it pushed into a financial crisis.

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