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Originally published by The Standard Business
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August 21, 2025
2d ago

Kenya's first affordable green housing projects near completion

Kenya's first affordable green housing projects near completion

The European Investment Bank’s (EIB) financial backing for IHS Group’s first green affordable housing fund in Kenya is yielding results...

✨ Key Highlights

Kenya's first affordable green housing projects, backed by the European Investment Bank (EIB), are nearing completion. These initiatives aim to address the critical housing shortage in urban areas by providing energy-efficient and affordable homes.

  • The EIB committed €21.5 million (Sh3.2 billion) in equity financing to the IHS Kenya Green Housing Fund.
  • IHS Kenya is currently working on three housing projects in Nairobi, totaling 664 units, with 10 more projects in the pipeline comprising over 2,600 units in Nairobi and Kiambu.
  • The "Muzi Stawi" complex in Nairobi’s Garden City, featuring over 200 one-bedroom and two-bedroom apartments, is almost 90 per cent complete and is expected to be ready by October 2025.
  • IHS Kenya aims to deliver approximately 4,000 quality and affordable green homes by 2030.

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Kenya's first affordable green housing projects near completion