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Shelter Afrique, the Pan African finance institution exclusively supporting the development of affordable housing and real estate in Africa has penned a $50 million (Sh4.5b) finance deal with KfW, the German Development Bank.
The deal will see Shelter Afrique receive $50m from the German bank; the loan which is repayable over ten years will be used for construction finance for private and state-owned companies and for on-lending to commercial banks and micro-finance institutions.
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