World Bank’s IFC to lend $25 million to Kenyan real estate company

Kenyan Wall Street | by Miriam Wangui

The International Finance Corporation (IFC), the private-sector development arm of the World Bank, has announced that it plans to lend $25 million (KSh2.7 billion) to Stellar Warehousing and Logistics Limited, a real estate development company based in Kenya.

The funds will go toward the purchase of an industrial facility with vacant land in Mlolongo area from its current owner Orbit Products Africa Limited (OPAL)…

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