Vitreous Investment & Partners

Finance & EPC

Affordable Housing

New builds using locally sourced materials

Africa has a housing deficit of about 56 million units largely due to urbanization and explosive population growth, this has left governments struggling to meet the demand for affordable units.
Most of the 40,000 people moving to African cities every day are not able to afford basic formal housing or access loans to buy or build homes. Informal housing is a rising health and safety risk.

Commercial Development

Addressing the need for commercial enterprises

Commercial and industrial building is key to economic growth and new employment opportunities. As the need to build new facilities grows so does the need to increase power supply and other utilities which are burdened by the rapid development of new projects, while also elevating operating costs for existing assets.
There is a dire need to expand in the retail, manufacturing, and mining sectors to meet the countries growth goals and employment initiatives.

Infrastructure Development

Roads are the arteries of industry

According to the Kenya Economic Survey 2022, the construction industry is expected to maintain a growth rate of 6% in the near term . This growth will be driven by large infrastructure projects in roads, ports, and airports in 2022 and beyond.
According to the World Bank, Kenya needs $4bn annually over the next decade to close the existing infrastructure deficit. The transportation infrastructure sector, however, requires additional private sector participation through PPPs to ease the debt burden on the government.

The housing need in Kenya Kenya has an annual housing demand of 250,000 units with an estimated supply of 50,000 units, culminating in a housing deficit of 2 million units, or 80% deficit. Housing affordability is a key challenge in Kenya with many people unable to afford to buy or build their own home.

Kenya is seeking to expand opportunities in Public-Private Partnerships (PPP) through overhauled PPP legislation. The Kenya PPP Act 2021 seeks to streamline the regulatory framework for PPPs, and enhance efficiency in the PPP process by reducing the number of oversight approvals and proposing timelines on key project processes and stages.

Government investments are focused on transportation infrastructure. The government has ongoing expansion projects in rail, port, and road networks in order to increase Kenya’s attractiveness as an investment destination and retain its position as the economic hub for the region. PPP is the preferred participation structure for mega projects.

Vitreous Investments supports the Kenyan government’s Vision 2030 development strategy, which aims to accelerate sustainable growth, reduce inequality, and manage resource scarcity.