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GIZ unveils new program to support startups in housing sector

NAIROBI, Kenya, May 12-Entrepreneurs in the Housing Sector have an opportunity to scale their companies and entice investor funding by the Young Ventures Accelerator Program in Affordable Housing Supported by GIZ.

The program, which is being run by Pangea Accelerator in partnership with Integration Consulting Group and Afroscope Consulting, seeks to discover, prepare and support 25 Entrepreneurs working inside a 70km radius of Nairobi Metropolitan.

The enterprise house owners can be nurtured by enterprise and operational capability constructing, mentorship, investor readiness, and linking to funding alternatives.

With most entrepreneurs restricted to loans as funding for his or her companies, Pangea Accelerator has been on a journey to unlock African companies for investor funding. According to them, traders do need to make investments in African companies however lack belief as they aren’t in a place to do due diligence or de-risk the companies.

It is thru such accelerator packages that Pangea has been in a position to not solely do due diligence but additionally mentor companies into investor-readiness and entice and get funding

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The Young Ventures Accelerator Program in Affordable Housing is underneath GIZ’s larger program for Promotion of Self Employment and Entrepreneurship in Kenya and can also be anchored on the necessity to present options for housing, particularly for the city inhabitants whose progress is reported to be at 4 %.

The housing sector in Kenya is reported to be at a deficit of 200,000 housing models towards the massive demand, and solely 50,000 housing models every year are produced by the personal sector.

Architects, contractors, producers, technicians, inside designers, and every other enterprise house owners in the housing sector are inspired to be a part of this program by making use of on Pangea Accelerator’s Website earlier than twenty third May 2022.

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