A priority country, Reall has been operating in Kenya since 1991 and pursuing a more commercial strategy since 2005.
Kenya has a housing deficit of over 2m homes, which increases by around 200,000 per annum. There are 50,000 new houses being constructed annually, but this fails to have a significant impact on demand. An estimated 61% of Kenya’s 50m residents live in slums, and over 90% of Kenya’s urban households are rental properties. Credit is mostly unavailable to the vast majority due to informal sources of income. However, in 2017 the Kenyan president announced affordable housing as one of their “Big Four” agendas, and committed to constructing 500,000 homes by 2022.
The majority of Reall’s work in Kenya has taken place in partnership with the National Cooperative Housing Union (NACHU). Through this partnership, NACHU have constructed over 1,500 homes. NACHU has also successfully engaged with the national and regional governments, helping to shape the current housing policy to consider people on low incomes, and have been an active member in government task forces on land, housing and the built environment.
An exciting pipeline of new partnerships and collaborations is being developed, focused on commercial low-income housing developers, and negotiations with government-backed mortgage providers and commercial banks on end-user finance.
Of KES 1,597,725,002 total investments, KES 316,596,048 was recycled funds from previous project payments
Of $14,933,256 total investments, $2,959,089 was recycled funds from previous project payments
Based on exchange rate on 30/06/2021
The lack of market intelligence and data is a key constraint undermining private sector participation and good policy engagement in affordable housing.
A joint initiative of the Centre for Affordable Housing Finance in Africa (CAHF) and Reall, the MSIs aim to bridge this gap by making key market data available to all that need it.
% of urban bottom 40 households without access to basic sanitation services
88.25Bottom 40 See all MSI countries
% of urban population living in slums, informal settlements, or inadequate dwellings
46.5Urban See all MSI countries
|Cote d'Ivoire||2018||World Bank||60%|
Price of the cheapest, newly built dwelling by a formal developer or contractor
4,000,000 Ksh$37,037.04Urban See all MSI countries
|Cote d'Ivoire||2018||Site d'annonce et promotion dans l'immobilier en CÃ´te d'Ivoire||15,500,000 CFA$27,087.48|
|Ghana||2019||Damax Construction Co. Ltd||108,704 GH₵$19,621.66|
|Kenya||2019||Tsavo Real Estate||4,000,000 Ksh$37,037.04|
|Morocco||2019||Various real estate websites||250,000 DH$27,027.03|
|Mozambique||2016||Casa Minha||3,418,491 MZ$48,147.76|
|Nigeria||2019||Millard Fuller Foundation; Shelter Origins||2,900,000 NGN$7,651.72|
|Uganda||2019||Various property developers||125,000,000 UGX$34,097.11|
Ease of Doing Business index rank: Global
61National See all MSI countries
|Cote d'Ivoire||2020||World Bank||110|
|Kenya||2019||World Bank Ease of Doing Business||61|
GDP per capita
173,272 Ksh$1,604.37National See all MSI countries
|Cote d'Ivoire||2018||World Bank||1,024,171 CFA$1,789.82|
|Ghana||2019||World Bank||11,489 GH₵$2,073.83|
|Kenya||2018||World Bank||173,272 Ksh$1,604.37|
|Morocco||2018||World Bank||30,725 DH$3,321.62|
|Mozambique||2018||World Bank||30,772 MZ$433.41|
|Nigeria||2018||World Bank||659,159 NGN$1,739.21|
|Tanzania||2018||National Bureau of Statistics; World Bank||2,297,020 TZS$998.80|
|Uganda||2018||World Bank||2,357,327 UGX$643.02|
50,221,473National See all MSI countries
|Cote d'Ivoire||2017||World Bank||24,437,469|
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Data last updated on 04/08/2021