Tanzania clears its capital arrears in Shelter Afrique

The payment of USD 3.1 million (TSh6.907 billion) by the Tanzania Government between September and October 2021 has enabled the country to clear all capital arrears, increasing her stake in Shelter Afrique to 1.72%! Nairobi: October 27, 2021- The Government of Tanzania has cleared its capital arrears in Shelter Afrique after paying the outstanding amount of USD407,284.97, the pan-African housing development financier has disclosed. The move now takes Tanzania’s shareholding in the Company to 1.72% up from 1.54% held previously. In September Tanzania paid USD2.7 million capital contribution, significantly increasing…

Read More