USD 350,000,000
Spent so far: USD 800,000
Can spend more: Yes
Kenya
Assured repayment by: Independent and credible feasibility study | Other Off-Take Agreement
Submission Ready Indicators:
LTV Expectation: 95%
Land/Site: Optioned
EPC Contracts: Signed
PPA/OMA or other off-take agreements: Draft being developed
Financial Projections: Completed and available
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.
| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 10 | 27 | 46 | 56 | 70 |
EBITDA | 9 | 24 | 39 | 47 | 51 |
% | 11 | 11 | 15 | 17 | 27 |