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Kenya

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.

People Housed 7,093
Jobs Created 9,755
People with Improved Water 7,093
People with Improved Sanitation 7,093
Women and Children Housed 6,114
Number of Projects 29
Avg. Basic Home Completion Cost (Last 5 Years) $ 1,266
Total Invested $ 14,933,256

Delivery of Homes

Houses

Basic Homes
2638
Total Expected
1819
Complete
819
In Progress
rental homes
16
Total Expected
12
Complete
4
In Progress
cross subsidy homes
140
Total Expected
120
Complete
20
In Progress

Client Data

Household Demographic Data
Household Size
4.58
Proportion Female
61.2
Proportion Children
49.9
Proportion Elderly
5.4

Kenya Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 1,597,725,002
$ 14,933,256
Loans
KES 1,349,961,817
$ 12,617,519
Grants
KES 247,763,185
$ 2,315,737

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

Funds Lent by Partners to Households
Funds Lent by Partners to Households
KES 929,959,316
$ 8,691,934
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 423,244,738
$ 3,955,889

Market Shaping Indicators: Key Indicators

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.

Displayed In

1. Land & Infrastructure

% of urban bottom 40 households without access to basic sanitation services

88.25

Bottom 40 See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2012 DHS 96.5%
Ghana 2014 DHS 93.15%
Kenya 2014 DHS 88.25%
Morocco 2004 DHS 52.05%
Mozambique 2011 DHS 95.6%
Nigeria 2018 DHS 83.1%
Tanzania 2017 DHS 37%
Uganda 2016 DHS 94.5%

2. Construction & Investment

% of urban population living in slums, informal settlements, or inadequate dwellings

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Country Year Data Source Value
Cote d'Ivoire 2018 World Bank 60%
Ghana 2018 World Bank 30.4%
Kenya 2018 World Bank 46.5%
Morocco 2018 World Bank 9.2%
Mozambique 2018 World Bank 77.2%
Nigeria 2018 World Bank 53.9%
Tanzania 2018 World Bank 40.1%
Uganda 2018 World Bank 48.3%

3. Sales & Rental

Price of the cheapest, newly built dwelling by a formal developer or contractor

4,000,000 Ksh$37,037.04

Urban See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2018 Site d'annonce et promotion dans l'immobilier en Côte 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
Tanzania 2018 CAHF 37,966,107 TZS$16,508.58
Uganda 2019 Various property developers 125,000,000 UGX$34,097.11

3. Sales & Rental

% of urban bottom 40 households that rent their dwelling

N/A

Bottom 40 See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire N/A
Ghana N/A
Kenya N/A
Morocco N/A
Mozambique N/A
Nigeria N/A
Tanzania 2017 National Bureau of Statistics 8.97%
Uganda N/A

3. Sales & Rental

Number of residential mortgages outstanding

27,993

National See all MSI countries
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Country Year Data Source Value
Kenya 2019 Central Bank of Kenya 27,993
Nigeria 2019 NMRC 32,260
Tanzania 2019 Bank of Tanzania and Tanzania Mortgage Refinance Company Limited 5,460

5. Enabling Environment

Ease of Doing Business index rank: Global

61

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2020 World Bank 110
Ghana 2020 World Bank 118
Kenya 2019 World Bank Ease of Doing Business 61
Morocco 2020 World Bank 53
Mozambique 2019 World Bank 74
Nigeria 2020 World Bank 131
Tanzania 2020 World Bank 141
Uganda 2020 World Bank 116

6. Economic Environment

GDP per capita

173,272 Ksh$1,604.37

National See all MSI countries
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Country Year Data Source Value
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

7. Demand

Population size

50,221,473

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2017 World Bank 24,437,469
Ghana 2019 World Bank 30,417,856
Kenya 2017 World Bank 50,221,473
Morocco 2017 World Bank 36,471,769
Mozambique 2018 World Bank 29,495,962
Nigeria 2017 World Bank 190,873,311
Tanzania 2019 World Bank 58,005,463
Uganda 2017 World Bank 41,487,000

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Data last updated on 04/08/2021