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Shelter Afrique back to profitability

Shelter Afrique officials during release of 2020 financial results (PHOTO:Courtesy)

Pan African housing development financier Shelter Afrique has returned to profitability in its 2020 earnings.

Total comprehensive income increased to Sh196 million from a loss of Sh134 million in 2019, representing a 247 per cent per cent increase despite the advent of Covid-19 in the first quarter of the year. Shelter Afrique Chairman Steve Mainda said the turnaround strategy put in place in 2016 had finally paid off.

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