Tanzania acquires Sh297m more stake in Shelter Afrique

Shelter Afrique CEO Andrew Chimphondah. PHOTO | POOL

Tanzania has acquired an additional 1.24 percent stake in Pan-African housing financier Shelter Afrique for Sh297 million ($2.7 million).

The extra capital injection has moved Tanzania’s shareholding to 1.54 percent from the 0.3 percent it held.

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