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    Stanbic Disburses Sh1.8 Billion for Affordable Housing Projects

    Damaris GatwiriBy Damaris GatwiriJune 20, 2026No Comments2 Mins Read
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    The newly completed Boma Yangu Machakos Affordable Housing Project
    The newly completed Boma Yangu Machakos Affordable Housing Project
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    Stanbic Holdings disbursed Sh1.8 billion towards affordable housing projects in 2025, underscoring the growing role of financial institutions in supporting home ownership and housing development across Kenya.

    According to the group’s 2025 Sustainability Report, the funding was directed towards projects aligned with the government’s Affordable Housing Programme, which seeks to address the country’s persistent housing shortage through partnerships between the public and private sectors.

    The lender’s investment in affordable housing formed part of a broader sustainability financing strategy that also targeted renewable energy and climate-resilient agriculture.

    During the year, Stanbic extended Sh4.5 billion in green building loans to support environmentally sustainable construction projects, while an additional Sh273 million was disbursed in solar energy financing as demand for clean energy solutions continued to rise.

    The bank also strengthened its support for the agricultural sector, providing Sh2.5 billion in climate-smart agriculture financing. The investment contributed to increasing agriculture’s share of Stanbic’s loan portfolio to 9.9 percent.

    The financing reflects a growing shift among financial institutions toward sectors considered critical for long-term economic growth and resilience, including affordable housing, renewable energy and sustainable farming.

    Kenya’s Affordable Housing Programme remains one of the government’s flagship development initiatives, aimed at reducing the country’s annual housing deficit, which is estimated at approximately 200,000 units. The programme relies on increased investment from both the public and private sectors to expand access to decent and affordable housing for Kenyans.

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    Damaris Gatwiri

    Damaris Gatwiri is a digital journalist, driven by a profound passion for technology, health, and fashion.

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