The East Africa Property Investment (EAPI) Summit is being billed as the agenda setting opportunity to develop and deliver an Affordable Housing Investment Manifesto to National Government.
Held as part of activities to drive investment and transaction within the regional real estate industry, the Summit which is set for 10 & 11 April 2019 will hope to help streamline private sector investment into Affordable Housing and provide a concrete mechanism for engagement with public sector leaders, according to EAPI’s Managing Director Kfir Rusin.
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.
“EAPI is the only platform with the industry capital and credibility to develop and present an Access to Affordable Housing Manifesto, which will be developed during EAPI 2019 to highlight challenges and solutions to private sector investment and participation in Affordable Housing,” confirmed Rusin.
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.”
While the delivery of an Affordable Housing Manifesto is a significant objective of this year’s affordability focused forum; the summit will provide the working environment for industry leaders to work towards connecting investor capital, both international private equity and institutional to state-backed affordable housing projects, reducing cost of construction, lowering cost of capital and creating an enabling framework and environment for large scale property development.
Commenting on the industry’s need to work towards achieving affordability, Rusin added that understanding and setting objectives are key to driving investment and development of mass-scale affordable housing projects.
Now in its sixth year, EAPI 2019 two-day real estate agenda setting platform will play host to the largest international and regionals developers such as Echostone USA and South Africa’s International Housing Solutions who will present case studies on their mega Nigeria project and South Africa respectively to 500 + delegates. Additional noteworthy investors include the UK’s CDC, USA’s OPIC, The World Bank’s IFC amongst many others.