Shelter Afrique gets Sh2 billion shot in arm from AfDB

AfDB said the cash injection will put Shelter Afrique in a stronger position to finance an increasing number of projects whether directly or indirectly.PHOTO: COURTESY

Cash-strapped African housing financier Shelter Afrique has received a $20 million (Sh2 billion) cash injection from Africa Development Bank (AfDB).

The bank said yesterday the funds are part of its plan to consolidate the position of the housing specialist for this year.