Shelter Afrique signs USD 4 M loan with Elolo SPRL

Nairobi,Kenya 13th April, 2012– SHELTER AFRIQUE and ELOLO SPRL signed a USD 4 million Facility Agreement to co-finance the development of a 10-storey building in Kinshasa, Democratic Republic of Congo (DRC). The total cost of the project is estimated at USD 7 million and the implementation will be completed by end of 2013. ELOLO SPRL is a limited company established 25 years ago and originally incorporated as “Etablissement ELOLO”. The main objective of the company is to carry out construction projects, wholesale trade and import-export business.

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