Mi Vida Homes has transitioned to full local ownership following a management-led buyout from UK-based investor Actis and Indian conglomerate Shapoorji Pallonji for the Nairobi-based residential developer.
Strategic Exit by Actis and Shapoorji Pallonji
The value of the transaction Share Purchase Agreement (SPA) remains undisclosed and is subject to regulatory approvals. The buyout marks the first time Mi Vida Homes has been fully locally owned since its founding in 2018, when Actis and Shapoorji Pallonji launched the platform to deliver green, affordable, and mid-market housing built to institutional standards.
“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,” said Samuel Kariuki, CEO of Mi Vida Homes.
He credited Actis for its “invaluable role in building a solid investment-grade platform anchored on sustainability and high governance standards.”
Institutionalisation of Africa’s Housing Sector
Actis Principal Ravi Rughani said the transaction reflects the growing maturity of Africa’s residential real estate sector.
“This is not only a validation of the vision we set out to achieve in 2018, but a clear demonstration of the institutionalisation of Africa’s residential real estate sector,” he said.
“Mi Vida now operates with investment-grade governance, a robust balance sheet, and a well-diversified funding base qualities that resonate with both international and domestic capital providers.”
Mi Vida’s Project Portfolio and Future Outlook
Mi Vida Homes has positioned itself at the forefront of Kenya’s affordable and mid-market housing space. Its ongoing and completed developments include: KEZA Laika, KEZA Riruta, Amaiya Garden City, 237 Garden City and Mi Vida Garden City.
The management-led consortium now plans to accelerate Mi Vida’s growth strategy, leveraging its institutional framework to attract local capital and meet Kenya’s rising urban housing demand.
Housing Projects at Garden City Defining the Future of Green Homes in Kenya
