NAIROBI, Kenya, Oct 13 – The management team at Mi Vida Homes has acquired full ownership of the residential developer from UK-based investor Actis and Indian conglomerate Shapoorji Pallonji, marking a major milestone for the Nairobi-based housing firm.
The company did not disclose the value of the transaction.
“Today, with a strong balance sheet, a diversified capital base, and a healthy pipeline of projects, we believe we are well positioned to scale further and deepen our impact, as we lead the company into its next phase,” said Samuel Kariuki, CEO of Mi Vida Homes.
He credited Actis for its “invaluable role in building a solid investment-grade platform that is anchored on sustainability and high governance standards.”
Established in 2018, Mi Vida Homes focuses on green, affordable, and mid-market housing developments. Its ongoing and completed projects include KEZA Laika, KEZA Riruta, Amaiya Garden City, 237 Garden City, and Mi Vida Garden City.
Actis Principal Ravi Rughani said the deal reflects the maturity and institutionalisation of Africa’s real estate sector.
“This transaction is not only a validation of the vision we set out to achieve in 2018, but, in our view, a clear demonstration of the institutionalisation of Africa’s residential real estate sector,” Rughani said.
“Over the past six years, Mi Vida has been transformed into a platform with investment-grade governance, a robust balance sheet, and a well-diversified funding base—qualities that resonate with both international and domestic capital providers. Importantly, the platform has achieved this while addressing urgent housing demand in the local market and delivering strong USD returns to our investors.”
