The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Deputy Executive Director -UNHabitat- Dr. Aisa Kyawira (L) and Acting Managing Director- Shelter Afrique. Mr. Femi Adewole (PHOTO: James Wanzala,Standard)
NAIROBI, KENYA: Mortgage lender Shelter Afrique is shopping around for new shareholders to help it meet its debt obligation as countries drag their feet to fund it.
The firm, which is co-owned by 44 African nations, the AfDB and the Africa Reinsurance Company, has been calling for a bailout to meet liquidity ratios, pay its debt and finance its strategic goals.
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