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The Standard Group Plc is a
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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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