Browsing: Housing

The affordable housing sector in Kenya is well set to provide attractive opportunities to investors.

This is according to Vivian Ombwayo, Director of Research and Valuation at Broll Kenya who said this will be driven by the government’s investment in the 2021-22 national budget into the sector, combined with attractive incentives for private developers.

Commenting on the same, Jess Cleland, COO Outside of SA, Valuations & Intel at Broll said the affordable housing sector in Kenya offers developers an opportunity to diversify their portfolios, especially those concentrating on the commercial-user space.

“It means they are able to diversify into the residential sector, thanks to attractive government incentives,” he added.

Vivian and Cleland spoke when they presented a research report on the sector at the eighth annual East Africa Property Investment (EAPI) Summit.

The experts added that the abundant housing opportunities in Kenya also allow complementary users to be included in …

NCBA Bank has signed up a partnership with Shelter Afrique to provide mortgage finance to buyers in five counties.

Under the agreement, NCBA will offer mortgage finance to over 200 housing units developed by Shelter Afrique and spread across Nairobi, Mombasa, Kisumu, Kiambu and Machakos counties.

The developments include maisonettes and apartments ranging from Ksh5.5 million ($49,931) to Ksh 20.25 million ($183,840).

Commenting on the agreement, NCBA’s Head of Property Finance Stella Mutai said the bank will continue to seek partnerships in order to improve access to housing within the country and the region.

“This is an exciting partnership with Shelter Afrique as we work together to bridge the housing gap across the country and the region,” said Stella.

Stella added: “The huge volume of houses that our country needs will require closer partnerships to help meet the growing housing needs in our major cities and towns.”

Speaking on the …

The Senegalese capital of Dakar is hosting Africa Day 2020 with the European Investment Bank (EIB) and UN-Habitat presenting various opportunities for investors, with an aim of increasing levels of investment in the housing and habitat in the continent.

Africa Day gathers participants from Africa, Europe, and others parts of the world to debate the challenges and solutions for the continent in development, digitalization, sustainability, jobs for young people and many other areas. “Cities for people” is the main topic at EIB Africa Day conference.

More than 400 government ministers, business leaders, academics and civil society representatives, as well as mayors from across Africa, are sharing sustainable urban development best practice, confirm new investment across the continent and visit high impact projects financed by the EIB.

High-level speakers, from Africa and Europe, will attend Africa Day 2020 to share their experiences and expertise. EIB President Werner Hoyer, EIB Vice-President Ambroise …