Financial services provider Standard Bank has partnered with global advisory firm MiDA Advisors and real estate developer Acorn Holdings to mobilise long-term blended finance commitments for green and affordable student housing in Kenya.
The transaction will comprise up to $180-million in financing from the US Development Finance Corporation, which should help to secure $380-million more financing arranged jointly by Stanbic Bank Kenya – a member of Standard Bank Group – and MiDA.
Acorn Holdings Signs Landmark $180 Million Deal with U S DFC for Student Housing in Kenya
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Acorn secures Sh23 6bn US funding for affordable student housing
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Acorn Holdings secures Sh 23 6B funding from the U S DFC
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Stanbic Bank Kenya Partners with Orion Innovation for Strategic Modernization
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