Housing finance to cede 50pc stake Anyanzwa, James

By: Series: The Standard | The Financial JournalPublication details: Nairobi : Kenya The Standard Group Tuesday, March 3, 2009Description: pp. 9Subject(s): Summary: Mortgage financier, Housing Finance Ltd. has announced plans to cede over 50 percent stake in its subsidiary Kenya Building Society (KBS) to a strategic investor. The home financier has formed a special investor fund with a view of tapping close to Sh 800 million in equity capital from both local and foreign investors.
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Mortgage financier, Housing Finance Ltd. has announced plans to cede over 50 percent stake in its subsidiary Kenya Building Society (KBS) to a strategic investor.

The home financier has formed a special investor fund with a view of tapping close to Sh 800 million in equity capital from both local and foreign investors.

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