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Centum RE project gets Sh2.9b IFC backing

Garden City artist impression. [Courtesy]

Centum Real Estate (Centum RE) plans to build nearly 2,000 housing units received a huge financial boost after the World Bank's private investment arm proposed to lend it Sh2.9 billion.

The International Finance Corporation (IFC) said its board will sit on October 27 to decide on the loan application by Centum RE.

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