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Nigeria topples Kenya as Shelter Afrique’s largest shareholder

Shelter Afrique headquarters in Upper Hill, Nairobi.

Photo credit: Pool

By  George Ngigi

Correspondent

Nation Media Group

Kenya has been displaced by Nigeria as the largest shareholder in the Pan-African housing financier Shelter Afrique Development Bank (ShafDB).

Nigeria increased its shareholding to 17.06 percent last year following a Sh663 million ($5.14 million) capital injection as Kenya sat out.

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