The leadership team at Mi Vida Homes has acquired full ownership of the Nairobi-based residential developer, purchasing the remaining stakes from UK investor Actis and India’s Shapoorji Pallonji Group.
The deal was signed even though the transaction value was not disclosed.
“With a solid balance sheet, diverse capital backing, and a strong pipeline of projects, we are well-positioned to grow and increase our impact as we lead Mi Vida into its next chapter,” said CEO Samuel Kariuki.
He acknowledged Actis for playing an important role in establishing a robust, sustainability-focused platform with strong governance.
The unit was founded in 2018 and its specializes in environmentally sustainable, affordable, and mid-income housing developments. Its portfolio includes projects such as KEZA Laika, KEZA Riruta, Amaiya Garden City, 237 Garden City, and Mi Vida Garden City.
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Actis Principal Ravi Rughani said the sale illustrates the growing maturity of Africa’s real estate industry.
“This deal validates the vision we had at launch in 2018 and reflects the increasing institutionalisation of the continent’s residential property sector,” he said.
Over the past six years, Mi Vida has evolved into a platform with strong governance, a sound financial foundation, and a diversified funding structure—attributes that appeal to both local and global investors.
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