The International Finance Corporation (IFC) is set to make an equity investment worth Sh2.96 billion ($20.9 million) in a US-owned Southern African asset manager that is developing 5,000 affordable houses in Kenya.
The IFC said in new disclosures that its equity co-investment with the Investment Housing Solutions group of companies (IHS) in the project will see it take up a maximum stake that does not exceed 20 percent in a fund set up to finance the affordable housing venture.
