Housing financier Shelter Afrique Development Bank (ShafDB), has postponed the issuance of a Sh64.5 billion ($500 million) bond to 2026 citing high interest rates even as it works on raising investor confidence.
The Nairobi headquartered institution had in its 2024 annual report declared plans to issue medium-term notes in Kenya, Uganda, Tanzania and Rwanda that were to be listed at the Nairobi Securities Exchange.
