IFC to mobilize $12 million for Mombasa affordable housing project

Kenyan Wall Street | by Eunniah Mbabazi

The International Finance Corporation (IFC) has signed a deal with Belco Reality LLP to develop 1,379 affordable housing units in Kongowea, Mombasa County.

The deal will see IFC mobilize up to $12 million in equity from international strategic partners to invest in the project and offer the firm the necessary technical support…

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