Kenya : World Bank’s IFC to Invest KSh 3 Billion in Affordable Housing Project

IFC has signed an investment agreement for approximately KSh 3.2 billion into the affordable housing projects in Kenya According to IFC, the financing deal will support the development of 3,400 affordable housing units in Kenya.

The affordable housing project initiative, operating under a Public Private Partnership (PPP) model, aims to address the annual housing deficit estimated at 200,000 units, leverages more than three years of expertise in financial, business, and technology research, providing insights into both Kenyan and global economic trends.