Nairobi, Kenya – Friday, March 26, 2021: Pan African housing development financier Shelter Afrique has returned to profitability as reported in its 2020 earnings.
The Company’s Total comprehensive income increased to KSh 196 million (USD 1.85M) in 2020, up from a Total Comprehensive Loss of the KSh 134 million (US$1.26M) recorded in 2019, representing a 247% per cent increase, year-on-year – the advent of the COVID-19 pandemic in the first quarter of 2020 notwithstanding.