Home Afrika

Product Pictures

Construction & Real Estate

Nairobi , Kenya

Since independence, housing has remained a key priority - though outstanding agenda - in Kenya's development plans. In 2003 it was estimated that the country requires delivery of at least 150,000 houses every year for several years to serve the increasing need particularly in urban areas. Despite this, Kenya only manages to produce about 30% - approximately 50,000 houses annually. While it was expected that over the last 5 years, government agencies would have led the way in meeting this demand for housing due to the public resources at its disposal, this has not been so, and a supplier of housing in the scale of thousands homes to meet this massive demand does not yet exist. Thus, after having been actively involved as project advisors to similar large-scale housing development projects in East and Central Africa, the founders of Home Afrika Ltd were inspired to put together a privately owned real estate development company to meet the massive demand for housing in Kenya.

While research showed that housing developments for middle and high income earners in Kenya are quite profitable with good returns recorded consistently over the last 5 years, the low income bracket is not seen to be as profitable - though it has the highest demand and potential. However, committed to our goal of providing quality housing for all Kenyans – and indeed, Africans as a whole - just as Equity Bank discovered banking against conventional wisdom, we at Home Afrika Ltd are confident we will find a way to approach development of low-cost housing in Africa as a profitable and sustainable business - with more research and innovation.

As we look in to this, our product mix currently includes high, middle and low income projects to ensure we run a strong profitable company that will be prepared to undertake these projects once we unearth the real formula for low income housing. Home Afrika is thus currently involved in medium-scale, highly lucrative developments, with our plan being to focus on the growth of the company, aiming for the establishment of a working capital fund of Kshs 1 Billion within the next 6 years.

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