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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Nairobi-based pan African housing finance firm, Shelter Afrique, has made a $1 million (Sh97m) equity investment in the Tanzania Mortgage Refinance Company [TMRC], in a move expected to help make home ownership affordable to more Tanzanians.
The equity investment will give Shelter Afrique 11.06 per cent stake in the firm which support banks to do mortgage lending by refinancing banks' mortgage portfolios.
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