Mauritius’ real estate developer Grit Real Estate Income Group nearly doubled its borrowings from Kenyan banks to $94.9 million (Sh12.3 billion) in the year to June 2025, to fund its projects in the local market where it is expanding.
The dollar-denominated borrowings rose from $48.7 million (Sh6.3 billion) a year earlier, with Absa Bank Kenya, NCBA Bank Kenya and Stanbic Bank Kenya emerging as its top lenders in Kenya.
