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Standard Bank, MiDA in $700m green housing deal

Standard Bank, MiDA Advisors, and Acorn Holdings partner in $700m deal for green student housing in Kenya, creating 48,000 beds.

Nairobi areaUnited statesKenny fihlaStanbic bank kenyaStandard bankAcorn holdingsUnited states development finance corporationAcorn holdingStandard bank groupEast africaReal estate investment trustsUnquoted securities

Empowering the Future of Banking: Celebrating Innovation and Excellence at the 12th Edition Connected Banking Summit – Southern Africa 2024

Empowering the Future of Banking: Celebrating Innovation and Excellence at the 12th Edition Connected Banking Summit – Southern Africa 2024
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The International Banker 2024 Middle East & Africa Awards Winners

The International Banker 2024 Middle East & Africa Awards Winners
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Standard Bank undertakes largest student housing financing endeavour in Africa

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.

Nairobi areaStandard bank groupUs development finance corporationStandard bankAcorn holdingsStanbic bank kenyaFinance corporationEast africa

Discovery Takes On South Africa Mortgage Market With Lower Rates

Discovery Takes On South Africa Mortgage Market With Lower Rates
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