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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.
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