The annual East Africa Property Investment (EAPI) Summit plans to harness its agenda setting platform to develop and deliver an Affordable Housing Investment Manifesto to the National Government.
According to EAPI’s Managing Director Kfir Rusin, the manifesto will help streamline private sector investment into Affordable Housing and provide a concrete mechanism for engagement with public sector leaders.
The development of the manifesto follows the endorsement of the Summit by the Affordable Housing Plan’s chief architect Charles Hinga Mwaura, the Principal Secretary, State Department of Housing & Urban Development earlier this month.
“In line with the Government’s Big 4 Agenda on Housing, we note that the EAPI Summit will provide a platform for the public and private sector to discuss new means of reducing the overall cost of doing business to create a more affordable and sustainable real estate sector,” said Mwaura in his official letter of endorsement.
Acknowledging Hinga’s confidence in the EAPI Summit, Rusin highlighted EAPI’s history of proving an annual industry platform to drive investment and formalization, which provides the necessary industry capital to develop a credible Manifesto.
And although the Kenyan Government’s Affordable Housing Plan is attracting interest from a wide variety of parties; the challenge has been to connect and identify projects to all stakeholders in the regional value chain, as Mwaura noted in his letter of endorsement.
“We look forward to this opportunity to showcase our existing and pipeline projects to potential business partners and to make our contribution in the delivery of government’s housing plan,” he said.
Commenting on the industry’s need to work towards achieving affordability, Rusin said: “Understanding and setting objectives are key to driving investment and development of mass-scale affordable housing projects, and the number of new international development funds attending EAPI is proof that Kenya is well positioned to provide the affordable housing blueprint for the continent to follow.”
He added that “We are honoured to have the Ministry’s endorsement and look forward to working together in taking affordable housing from discussions and talk to actual transactions and physical deals. It’s clearly evident that the Affordable Housing Plan is attracting some of the world’s most serious investors and developers.”