Paul Arithi 
Centum, IFC Partner on Kes2.6B Housing Project;
Centum Real Estate has secured sh 2.6 billion in funding from the International Finance Corporation (IFC), a member of the World Bank Group, to develop 1,940 affordable housing units in Kenya.
The financing will support the construction of green, affordable housing units within the 26 Mzizi development at the landmark Two Rivers precinct in Nairobi.
This investment affirms IFC’s confidence in Centum RE’s capacity to deliver sustainable and impactful housing solutions at scale.
Located within the vibrant Two Rivers Development, 26 Mzizi Court is the latest phase of Centum RE’s affordable housing initiative.
“The development comprises a mix of Junior 1-bedroom, 1-bedroom lofts, 1-bedroom, 2-bedroom, and 3-bedroom units, thoughtfully designed to meet the evolving needs of urban residents,” read part of the statement.
These homes are built to IFC EDGE green building standards, delivering over 30 percent savings in energy, water, and construction materials, ensuring affordability, sustainability, and long-term value.
The homes will be priced between sh 1.9 million and sh 10 million, offering high-quality living through thoughtful design, natural lighting, and ventilation.
“Construction is phased, with the initial phase of 600 units already complete and sold out,” the company noted.
This partnership with IFC underscores Centum RE’s position as a credible and aspirational partner in East Africa’s real estate sector.
Centum RE remains committed to pre-sales-led project execution, ensuring both financial sustainability and market relevance.
The company’s long-term objective is to address urban housing challenges across Sub-Saharan Africa through integrated, sustainable developments.
Centum RE invites investors, homebuyers, and strategic partners to join them in shaping a greener, more inclusive Nairobi.
“With IFC’s backing, 26 Mzizi Court at Two Rivers is more than just a housing project. It’s a milestone in affordable, climate-smart development,” the company said.
