×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Acorn Holdings secures Sh. 23.6B funding from the U.S. DFC

Vocalize Pre-Player Loader

Audio By Vocalize

President William Ruto and US President Joe Biden address journalists at the White House. [AFP]

Acorn Holdings Limited has signed a Sh23.6 billion ($180 million) financing deal with the US Development Finance Corporation (DFC) for the development of affordable student housing in Kenya.

The financing will see development of 35 new affordable student housing units in Kenya which will offer a package of key essential services and amenities at an affordable monthly rate to students.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Shipping & Logistics
Africa weighs on costs, gains in shipping reforms bid
By Sofia Ali 2 hrs ago
Business
Traders seek fair competition as State finalises views on new Bill
Real Estate
Why private developers are racing to hit 260,000 homes target
Business
Nairobi cements role as China's regional hub as 'Year of the Horse' begins