NCBA Bank has signed a partnership agreement with Shelter Afrique to provide mortgage financing to buyers of property located in five counties.

Under the agreement, NCBA will offer mortgage finance for more than 200 housing units developed by Shelter Afrique in Nairobi, Mombasa, Kisumu, Kiambu and Machakos counties.

According to NCBA and Shelter Afrique, the developments include maisonettes and apartments with price tags ranging from Sh5.5 million to Sh20.25 million.

NCBA’s Head of Property Finance Stella Mutai said the bank will continue looking for partnerships to improve access to housing for buyers within the country and the region.

“This is an exciting partnership with Shelter Afrique as we work together to bridge the housing gap across the country and the region. The huge volume of houses that our country needs will require closer partnerships to help meet the growing housing needs in our major cities and towns,” Stella said.

Read More

  1. NCBA, Proparco sign Sh6.9 billion deal on green financing, women empowerment
  2. CBK holds firm on T-bill rates despite investor pressure for 17 per cent hike
  3. Why NSE recorded historic surge of Sh38.6 billion in investor wealth

Andrew Chimphondah, Shelter Afrique’s Group Managing Director and CEO said the NCBA-Shelter Afrique partnership is aimed at bridging the housing gap in the coutry.

“Our strategic focus is on rapidly closing the housing deficits that are prevalent across Africa. This cannot be accomplished by one institution, it requires a shared vision and goal,” said Chimphondah.

He added, “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.”


Shelter Afrique offers a range of affordable and modern housing units in Kenya and other African countries and adopts advanced building solutions within master-planned communities.

In Kenya, Shelter Afrique has a portfolio of existing projects and is rolling out several new housing developments in support of the President Uhuru Kenyatta government’s Big 4 Agenda.

Shelter Afrique’s primary interventions focus on the financing of large-scale affordable housing projects on the African continent and the supply of long-term financing for mortgages.

NCBA’s property loans cover purchase of plots, single residential or commercial units, purchase of multiple residential or commercial units, purchase of office blocks, Go Downs or light industrial property.

The bank recently partnered with Optiven Group to offer customers a chance to buy land with the firm and build a residential unit simultaneously, with the opportunity to pay up to 25 years.

NCBA also partnered with Property developer Tilisi Developments, who is putting up more than 300 homes on a 400-acre mixed-use facility in Limuru located 30km from Nairobi’s CBD.