Shelter Afrique owners inject Sh2.5bn capital in six months

Former Shelter Afrique CEO Andrew Chimphondah. PHOTO | POOL

The Democratic Republic of Congo (DRC) has ramped up its stake in pan-African housing financier Shelter Afrique, joining nine other member countries that have acquired extra shareholding with additional capital this year.

DRC has acquired an additional 0.94 percent stake with a $2.5 million (Sh275 million) capital injection, raising its shareholding to 1.68 percent from 0.74 percent.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.