Lordship Africa remains optimistic about Kenya’s potential, despite challenges

By Steve Umidha

Real estate firm Lordship Africa remains optimistic in its ability to deliver on the much-anticipated 88 Nairobi Condominium, an ambitious 44 floor-modern-apartment the developer is putting up at an estimated cost of Kes5Billion.

In February last year, the firm unveiled the pushy project in Nairobi’s Upper Hill district that will sit on a two-acre piece of land along Fourth Ngong Avenue and whose plan is touted to be top-grade to be entrenched with Turkish interior designers.

But the clock is ticking so fast – on an off-plan housing project that was originally slated to be complete by mid-2020, just seven months away.

The developer is however, more upbeat now than he was at the beginning of the year. This is being motivated by the country’s relatively stable economy and Kenya’s quest to put up affordable housing units for its citizens, coupled with other factors which the company believes will sustain its businesses through another year of prevailing tough market conditions – that was largely decelerated by 2017 general elections.

With a market known for its reputation for being resilient and tenacious, it is perhaps little surprise that Lordship Africa is keeping its spirits up – amidst three years of political bickering and uncertainty in the credit market.

The full extent of that optimism being expressed by its Chief executive Anuj Kale, is striking.

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