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DIASPORA HOMES (K) Ltd
Providing housing space to eradicate slums
By ERNEST KAMAU Email [email protected] Tel 254 20 445 4224/5 Nairobi, Kenya
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DIASPORA HOMES Goals• Bring Investors & Professionals together to build 20,000 houses
and apartments in the next 5 years an estimated Kshs 100 billion/$1.5 billion dollars.
• Build housing space to eradicate slums.• Create well planned estates with water supply, waste recycling
systems and meet high environmental standards.• Take care of orphans by providing housing space donations. • Create employment.• Ensure a good return to financiers and investors.
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PRIMARY PRODUCT: A GOOD HOUSE
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Kenya Today• Kenya area: 582 650 sq km• Population: 37 million. Projected to be 50 million by 2015. • More than 15 million people live in slums or sub-standard houses. • 3 million new homes are required to eradicate slums. • Kenya Economy is growing at about 6% & will grow at about 10%, 2010. • Gross Domestic Product 2007 was about Kshs 3 Trillion/$50 billion dollars. • With the growth rate the GDP will increase to Kshs 5 trillion by 2012.• New homes and infrastructure development will contribute about Kshs 1
trillion/$200 billion dollars. • The goal of Kenya government is to see 150,000 new homes built every
year.
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Can Slums be Eradicated?
YES! If 150,000 houses every year is met for the
next 20 years.
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What is Diaspora Homes role?
Organize the building of part of the 3 million houses needed to change the picture of slums to apartment complexes and houses all over the Kenya.
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Diaspora Homes Projects
My coming to WPI last year opened my mind to New thinking.
Today there are:• 3 pieces of land that could result into well
developed 3/4/5 bedroom houses in a Gated Community Estate.
• 2 pieces of land that could result to well established settlements outside Nairobi City
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Project: 1
Land: 53 acres in Kiambu Nairobi Region.
Product: 150 houses of about 3,000 sq ft
Estimated Investment: Kshs 1.2 billion/$20 million.
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Picture of 53 acres Land.
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Project 2
Land: 70 acres in Runda region close to the American Embassy.
Product: 200 houses of about 3,500 sq ft
Estimated Total Investment: Kshs 2 billion/$30 million
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Picture of 70 Acre Land.
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Project 3
Land: 127 Acres close to the Windsor hotel and golf club.
Product: 300 houses of about 3,500 sq ft
Estimated Total Investment: Kshs 4 billion/$65 million
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Project 4Land: 12 Acres in a small town 30 Km/20
miles from Nairobi.
Products:
40 houses of about 600 sq ft Shopping ComplexTechnical High School
Estimated Total Investment: Kshs 120 million/ $2 million.
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Project 5Land: 5 Acres in a town 10 Km/7m from Nairobi city.Products: 120 apartments of about 800 sq ft - 1100 sq ft
Shopping Complex
Light industrial/Commercial space
Estimated Total Investment: Kshs 300 million/ $5 Million.
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Yes! Through investing
1. Technology Equipment that will be needed to build high-rise buildings and roads.
2. Professional Expertise
3. Finances
Can you join us?
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DIASPORA HOMES Business Projections
Based on when housing projects ground break
2009: 250 houses Est Kshs 2 billion = $30 million 2010: 1,000 houses Est Kshs 5 billion = $75 million2011: 3,000 houses Est Kshs 10 billion = $160 million2012: 5,000 houses Est Kshs 15 billion = $240 million 2013: 10,000 houses Est Kshs 30 billion = $480 million
Note we will start with upscale houses then concentrate more on high-rise apartments from 2010.
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Nairobi is save for investments.
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Nairobi is one of the fastest growing cities in Africa with a population of
about 3.5 million today.
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ConclusionWhere Kenya goes East and Central Africa follows.
I hope you will partner and get a good return in this growing economies.
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THANK YOU
DIASPORA HOMES (K) LTD A house built is a Slum Destroyed!