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Rating firm gives positive outlook to housing financier Shelter Afrique

Shelter Afrique headquarters. [Courtesy]

A credit rating agency, Agusto & Company Ltd, has assigned 'A(Ken)' and 'A+(ngr)' ratings to Shelter Afrique Development Bank (ShafDB) (formerly Shelter Afrique).

The company's two largest Class A shareholders are Kenya with 14.82 per cent and the Federal Republic of Nigeria with 14.72 per cent.

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