UGANDA, Kampala | Real Muloodi News | Centum Real Estate has signed a partnership deal with NCBA Bank to provide mortgage finance to ambitious homeowners. NCBA Bank is a financial services’ corporation in East and West Africa with its headquarters in Nairobi and subsidiaries in Uganda, Tanzania, Rwanda, and Ivory Coast.
The bank is offering mortgage financing to qualified applicants in Centum’s NSE-listed Two Rivers developments in Kenya, comprising over 5000 housing units. NCBA will extend preferential mortgage loans to both the salaried and the self-employed.
The Two Rivers developments include villas, townhouses and apartments ranging from Sh2.2 million to Sh44 million. The homes are being developed by Centum’s subsidiary. Some units are already complete and ready for occupation, while others are at different levels of development.
Centum’s Managing Director, Samuel Kariuki, explained that: “Our strategic focus is to close the housing deficit that is prevalent across Africa. One institution can not accomplish this; it requires a shared vision and goal. NCBA has proven to be a reliable partner time and time again and we are happy to play our part in addressing the housing shortage in Kenya.”
NCBA’s Head of Property Finance, Stella Mutai expressed her excitement regarding this partnership and said: “This is an overly exciting partnership as we work together to bridge the housing gap across the country and the region.”
About Centum Real Estate:
Centum Real Estate has over 30 years of experience in real estate development and project finance in East Africa. Centum is a leading real estate company in Kenya and Uganda. Their focus is to ensure they provide affordable and modern housing to the public.
In Uganda, Centum Real Estate has developed the prestigious Pearl Marina Estates in Entebbe. The luxury complexes within Pearl Marina Estates include:
- Mirabella Residences
- 256 Bella Vista Apartments
- Riviera Town Houses
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