Kenya Medical Association housing plan gets Sh740 million facility

Pan African housing and habitat development financier, Shelter Afrique, has extended a Sh740 million development loan to Kenya Medical Association (KMA) Housing Co-operative for the construction of 160 housing units in Mtwapa, Mombasa County. Shelter Afrique Acting Managing Director Yekini Olayanju said the funds to be provided by the financier are earmarked to co-finance the development of project. "Our relationship with Kenya Medical Association dates back to the year 2000 when we first advanced a facility of $1.5 million. This, he added, has eventually grown overtime. "The signing of Sh740 million is in itself a milestone for Shelter Afrique – being the first largest loan facility the organisation that has advanced to a co-operative society," said Olayanju.