Loss-making Home Afrika sells houses, land to clear Sh79m loan

Home Afrika's Mitini Scapes houses in this picture taken on February 25, 2016.

Photo credit: File | Nation Media Group

Listed loss-making real estate firm Home Afrika is disposing of part of its assets, including houses and land, to repay an outstanding Sh79 million loan by I&M Bank, it said.

Home Afrika said it is looking to sell six housing units off its Mitini Scapes Development along Kiambu Road and Lake View Heights in Kisumu to repay its restructured debt facilities to the bank.

PAYE Tax Calculator

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