Kenyan affordable housing projects advance with EIB Global support
Kenya, Aug. 7 -- The European Investment Bank's financial backing for IHS Group's first green affordable housing fund in Kenya is yielding important results. The bank's development arm, EIB Global, has committed €21.5 million in equity financing to the IHS Kenya Green Housing Fund for the construction and acquisition of energy-efficient and affordable housing in Kenya.IHS Kenya is working on three housing projects in the Tilisi, Garden City and Mashiara Park areas of Nairobi witha combined 664 units. There are 10 other projects in the pipeline consisting of over 2,600 units in the areas of Nairobi and Kiambu.Construction of the "Muzi Stawi" complex in Nairobi's Garden City Precinct area is almost 90% complete. This was announced durin...
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