The European Investment Bank (EIB) has made an equity investment of Sh3.2 billion (€21.5 million) in local developer International Housing Solutions (IHS) Kenya to help it deliver more than 3,000 affordable housing units in prime neighbourhoods of Nairobi and Kiambu.
The European institution says its investment is meant to aid the construction and acquisition of energy-efficient affordable housing units in the country, specifically targeting areas traditionally out of reach for low-income earners.
