Cash-strapped Shelter Afrique targets Sh10bn more after AfDB bailout loan

Pan-African mortgage lender Shelter Afrique’s headquarters in Nairobi. PHOTO | FILE

Troubled pan-African housing financier Shelter Afrique needs a further Sh10 billion this year to finance existing project obligations and meet liquidity ratio requirements. 

This is in addition to the Sh2.9 billion cash injection from the African Development Bank (AfDB), part of which was only approved last week.

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