ENGAGED
Project Elevator Pitch
Confidential · For registered investors
Issued
2026-07-17
MCVAHP
Kenya · Social/Affordable Housing
Affordable Housing Investment Project | Kenya
Social/Affordable Housing
Sustainability
Capital Sought
USD 350,000,000
Spent to date
USD 800,000
Country
Kenya
Repayment
Independent and credible feasibility study · Other Off-Take Agreement
Submission Ready Indicators
LTV Expectation
95%
Land / Site
Optioned
EPC Contracts
Signed
Off-take Agreements
Draft being developed
Projections
Completed and available
This opportunity qualifies for Internationally A+-rated Insurance Wrap — elevating the debt element of project financing through the Lloyds-of-London insurance market.
About this opportunity
Our client is a certified Master Developer under Kenya’s Government-backed Affordable Housing Program, addressing the country’s 2-million-unit housing deficit. Leveraging innovative construction technologies and efficient design, the developer aims to deliver 10,000 housing units over the next five years, ensuring affordability and sustainability.
The total project cost is $350M, with an immediate capital requirement of $50M–$100M for Phase One. The land has been identified and optioned for purchase, and a feasibility study—conducted by KPMG—confirms the project’s viability. The developer has also secured agreements with two leading EPC contractors to ensure seamless execution.
To further enhance investor confidence, the Kenyan government will provide key incentives, including a long-term off-take agreement and tax credits, as soon as the developer secures funding, making this project a low-risk, high-impact investment opportunity.
Five-year projections
All figures in USD| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 10 | 27 | 46 | 56 | 70 |
| EBITDA | 9 | 24 | 39 | 47 | 51 |
| Margin % | 11 | 11 | 15 | 17 | 27 |
PFX registered investors were provided with the dataroom for this project prior to listing.
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Confidential — PFX Registered Investors Only · Not for redistribution
PFX / MCVAHP / 2026-07-17