Absa, Acorn Holdings ink Sh6.7b student accommodation deal

Acorn CEO Edward Kirathe, Zacharia Mwangi Njeru CS Ministry of Lands and Absa Bank Managing Director Yusuf Omari during an affordable housing partnership on February 8, 2023. [Wilberforce Okwiri,Standard]

Absa Bank Kenya and property developer Acorn Holdings have embarked on a Sh6.7 billion financing partnership to support the construction of 12,000-bed capacity hostels for university and college students over three years.

The entire project is estimated to cost Sh11 billion.