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Housing Finance shuts down loss-making investment unit

Housing Finance building on December 27, 2019, Nairobi. [Edward Kiplimo,Standard]

Mortgage lender Housing Finance is shutting down its investment unit HF Development and Investment Limited in a move aimed at cutting losses and strengthening liquidity.

The firm made the announcement in a regulatory notice indicating that the development and investment division will now be handled by the parent company at the firm’s headquarters at Rehani House.

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