Stanbic, Acorn Holdings partner on $700mn green student housing deal

Stanbic Bank and MiDA Advisors will be partnering with Acorn Holdings, an established real estate developer, to mobilise $700 million in long-term blended finance commitments for green, affordable student housing in Kenya. Upon approval, the transaction will comprise a $180 million commitment from the United States Development Finance Corporation (DFC) that will secure over $380 million. For more, CNBC Africa's Tabitha Muthoni spoke to Alakh Kohli, Head Of Corporate Investment at Stanbic Bank Kenya.