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Shelter Afrique gets creditors’ approval to restructure loans

Deputy Executive Director -UNHabitat- Dr. Aisa Kyawira and Acting Managing Director- Shelter Afrique. Mr. Femi Adewole (James Wanzala,Standard)

Pan African mortgage lender Shelter Afrique can breathe easy after bond holders allowed it to renegotiate its short-term loans over the next two months.

The lender had stacked up short-term debt during the last quarter of 2016 after negative information surrounding the credibility of its financial statements and provisioning policies came out into the public domain.

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