×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

IFC inks deal with Chinese firm to develop affordable housing units

International Finance Corporation (IFC) has partnered with a Chinese firm to develop 30,000 affordable housing units in Sub-Sahara Africa in the next five years. The $300 million (Sh29.1 billion) investment will develop homes in Kenya, Rwanda and Nigeria, then expand to other countries.

The IFC-CITIC Construction programme will work with local housing companies to develop affordable housing projects across Sub-Saharan Africa, each ranging in size from 2,000 to 8,000 units.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in