×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - 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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Youth seek Blue Economy financing
Business
Fears as airfares rise due to fuel shortage
Business
Kenya inches closer to nuclear power with Siaya plant plan
Work Life
How harsh economy has pushed working Kenyans to side hustles