×
The Standard e-Paper
Smart Minds Choose Us
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The International Finance Corporation (IFC) has disbursed Sh2.6 billion ($20 million) to Centum Real Estate (Centum RE) to finance the construction of 1,940 affordable, energy-efficient homes in Nairobi's Two Rivers Development, the companies announced on Monday.
The loan, repayable over seven years, covers nearly 20 per cent of the total $91 million Mizizi project cost, reinforcing IFC's confidence in Centum RE's large-scale housing initiatives. The World Bank's private-sector arm highlighted the project's location in Nairobi's Diplomatic Blue Zone as a strategic urban hub.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join