Oltepesi Syndicate was created in 2005 as an entrepreneurial venture when the opportunity arose to acquire and reposition a dilapidated maisonnette in a good location in South B into much needed bedsitters (studio apartments) targeting entry level professionals.

Supply in the market that Oltepesi targets is very fragmented and young graduates often have to secure accommodation in staff quarters and “extensions” of varying quality and standards.

From its initial development of 6 units, the Oltepesi Syndicate has developed, or is currently developing, a total of 205 studio units in 3 attractive locations in Nairobi to meet the resilient demand for quality, secure and well located housing for this underserved segment.

Oltepesi Gallery

Formed in 2006, the Mavuno Syndicate is focused on providing “no frills” bed & breakfast accommodation to budget business and transit travellers in a clean, secure and comfortable environment.

Its flagship property, Mvuli House^TM at Nairobi West, offers quality and affordable 2 star accommodation in a strategic location close to Nairobi’s 2 major airports, the industrial area and the central business district.

The investment was made against the backdrop of growth in trade and travel in the East African region and in an environment where similar properties were in short supply.

Though a number of players have made opportunistic investments in the 2 star market since then, scope still remains for the Syndicate to expand across the region on the back of its unique supply chain platform.

Mavuno Gallery

The Peponi Syndicate was established in 2007 to achieve capital growth through the acquiring and redeveloping/repositioning of undeveloped/underdeveloped property to satisfy unmet market needs.

The Syndicate’s first investment, Gates of Pearl^SM, is in the underserved private cemetery sector where significant barriers to entry exist.

Demand for dignified memorial sites close to the key urban centres is being driven by a change in socio-economic dynamics and the inability of local authorities to provide the essential service.

Peponi is leveraging off the trend towards estate pre-planning, the growth in innovative pre-need insurance products and partnerships with sector service providers to build scale necessary to meet the critical social needs in the private cemetery sector.

Peponi Gallery

The Alliance Capital Partners East Africa Housing Fund is a limited liability partnership that is seeking to raise Kshs 500 million to invest in housing development in the East African Community countries of Kenya, Uganda, Tanzania, Rwanda and Burundi.

The current deficit of housing units in urban areas of East Africa is conservatively estimated at 1.25 million with close to 40% of this shortfall made up of lower-middle and middle income market demand.

Low-middle and middle income housing provision in East Africa has long suffered from limited availability of risk capital for housing development and mortgages leading to low entrepreneurial interest in large scale housing development and limited access to end-financing for prospective buyers.

The Fund shall invest directly in low-middle and middle income housing (and related amenities) and serviced plots by providing risk capital to property developers in this segment. Holding its first close at Kshs 200 million, the Fund shall capitalise on continued convergence of the East Africa region to grow what should be a replicable model to address similar challenges in the wider African housing market.