Helios portfolio company, Acorn Group, receives $50 million OPIC loan
28th August 2018
Ray W. Washburne, President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, joined U.S. Secretary of Commerce Wilbur Ross and Kenyan President Uhuru Kenyatta to highlight OPIC support for several investment projects in Kenya during the president’s official visit to the United States. The projects support a range of sectors from affordable housing to reliable energy to OPIC’s Connect Africa initiative aimed at improving connectivity in Africa by investing $1 billion in physical infrastructure, technology, and value chains.
An agreement was signed with Acorn Group, a Kenyan company backed by Helios Investment Partners, providing a $50 million loan for the development, construction, and operation of up to 5,200 affordable apartment units for students in Kenya. Read more at: https://www.opic.gov/press-releases/2018/opic-president-and-ceo-meets-president-kenyatta-highlights-support-several-development-projects-country