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Browsing: academic success
- Green Student Housing in Kenya has not received much traction in the past few years.
- Stanbic Bank Kenya and South Sudan Chief Executive Dr Joshua Oigara said that the facility is at an advanced stage.
- The lender has so far mobilised about $122 million for green or sustainability-linked facilities
Stanbic Bank and MiDA Advisors will be partnering with real estate developer Acorn Holdings, to mobilise $700 million in long-term blended finance commitments for green student housing in Kenya that are affordable.
If successful the blended finance deal would mark one of the largest impact investment transactions in Kenya, with long-term impact on job creation, sustainable housing, and education.
Upon approval, the transaction will comprise a $180 million commitment from the United States Development Finance Corporation (DFC) that will secure over $380 million in equivalent Kenyan shilling financing arranged jointly by Stanbic Bank Kenya and MiDA Advisors, and $315 million in …