Nairobi, February 23rd, 2012- SHELTER-AFRIQUE held a Business Cocktail on 23rd February 2012 at the Intercontinental Hotel in Nairobi to sensitize stakeholders in housing delivery on its products and services and its interest in expanding its activities in the Kenyan market. The event was well attended by government officials, developers, contractors, consultants, financiers, cooperatives and service providers
With the recently raised Kshs. 2.5 Billion from the local capital market SHELTER-AFRIQUE intends to deepen its partnerships with property developers and provide funding for their pipeline projects at a competitive base rate of 13% p.a. The target market for the funds will be the middle income segment where effective demand for housing is insatiable.
Despite the challenges faced by the financial sector in 2012, the Nairobi based Pan Africa Housing Development Finance Institution is optimistic and intent on investing in real estate developments during the year with an objective of reducing the housing supply gap, generating employment and subsequently contributing to the growth of the