Acorn Holdings

What inspired Acorn Holdings, the largest purpose-built student accommodation property developer in Kenya, to address the chronic shortage of student accommodation in Kenya by providing green-certified, safe, affordable and high quality rental housing for young people and how have PIDG companies GuarantCo, Emerging Africa Infrastructure Fund (EAIF), InfraCo Africa and PIDG Technical Assistance supported Acorn to help deliver their mission?

October 2019

Kenya

Social infrastructureSocial infrastructure

GuarantCo provided partial credit guarantee to investors in Acorn’s KES 5 billion note programme to fund the construction of accommodation for 5,000 students in Nairobi.

Financing partners
Stanbic

GuarantCo guarantee
KES 2.5 billion

Total transaction amount
KES 5 billion

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