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World Bank’s IFC to lend Ksh. 2.7 billion to Stellar Warehousing & Logistics Limited a Kenyan Real Estate company
Washington DC, USA - March 4, 2017: IFC entrance with sign of International Finance Corporation World Bank Group
World Bank’s IFC to lend Ksh. 2.7 billion to Stellar Warehousing & Logistics Limited a Kenyan Real Estate company
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The International Finance Corporation (IFC), the private-sector development arm of the World Bank, has announced its plans to lend Ksh. 2.7 billion ($25 million) to Stellar Warehousing and Logistics Limited. Stellar Warehousing is a real estate development company in Kenya.
The funds will go toward the purchase of an industrial facility with vacant land in Mlolongo area from its current owner Orbit Products Africa Limited (OPAL).