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Business Insights Africa Magazine

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Farming

Top Twitter Users Lose Followers After Policy Change

Special Correspondent - July 13, 2018
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Main Story

Microfinance could help African cities solve housing crisis – experts

Special Correspondent - July 13, 2018
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SAFARICOM OFFERS KES 5 MILLION SPONSORSHIP BOOST TO KAREN MASTERS TOURNAMENT

Special Correspondent - July 12, 2018
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Executive Corner

Chapa Dimba na Safaricom Star signs for Vihiga United FC

Special Correspondent - July 11, 2018
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Farming

Simbarashe Mhuriro shortlisted for the “Innovator of the Year” Award

Special Correspondent - July 10, 2018
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Merck Foundation announces the winners of “Merck More Than a Mother”...

Special Correspondent - July 10, 2018
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Lifestyle

Gikomba Trader Wins First Apartment in M-PESA Promotion

Special Correspondent - July 7, 2018
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Executive Corner

WINNERS UNVEILED- INAUGURAL YOUNG SCIENTISTS KENYA NATIONAL SCIENCE AND TECHNOLOGY EXHIBITION

Special Correspondent - July 7, 2018
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Executive Corner

KCB Launches Agri-Business Proposition, Signs up 200,000 Farmers

Special Correspondent - July 5, 2018
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Executive Corner

Igathe confirmed as Equity Bank’s chief commercial officer

Special Correspondent - July 5, 2018
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HOT NEWS

Leading property developer Superior Homes Kenya has today signed a Memorandum of Understanding (MOU) with KCB Bank Kenya that will see the two institutions bridge the gap between property development and financing to boost uptake of real estate products in Kenya. The partnership will enable Superior Homes Kenya investors to access tailor-made mortgage products from KCB Bank, specifically designed to support the mid-income and premium housing market segments, which aligns with their shared vision of empowering more Kenyans to achieve homeownership while driving sustainable urban growth. This partnership comes at a time when Kenya’s real estate sector continues to experience significant economic growth, currently contributing 6.7 per cent to the country’s Gross Domestic Product (GDP), up from 4.1 per cent in 2020. Despite this growth, majority of Kenyans (88.6 per cent) still construct their homes over a long period, relying on personal savings rather than mortgage financing, due to limited access to structured financial solutions. This collaboration aims to bridge that gap by unlocking flexible financing for existing and potential homeowners looking to buy into Superior Homes developments. Speaking during the event, Superior Homes Kenya Chief Executive Officer Shiv Arora noted that the partnership marks a transformative milestone in the company’s mission to offer communities of value to their investors. “Our goal as a company is to create and drive the uptake of sustainable master-planned communities. Whether you are a first-time buyer, an investor, or living abroad, this partnership brings you one step closer to being a homeowner in a financially sustainable way, while also contributing meaningfully to the country’s housing agenda,” said Superior Homes Kenya Chief Executive Officer Shiv Arora. Under this deal, KCB Bank will offer competitive mortgage financing for Superior Homes Kenya’s pipeline of mid-tier and premium housing projects. This includes structured repayment plans, longer tenure options, and dedicated customer support to guide homebuyers through the application and approval process. “This partnership cements our relationship with Superior Homes in terms of being able to provide affordable housing for the populations in Kenya. Superior Homes has delivered timely and quality products over the last 20 years. Through this partnership, we are looking to offer the Kenya Mortgage Refinance Company (KMRC) mortgage facility which allows for 105 per cent borrowing. Not only are we will be offering loan facilities but also cover some of the closing costs which allow investors ease in their transition into homeownership,” said KCB Group Head of Projects and Investments Kenneth Luusa.
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