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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.
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