Our History

Houses For Africa has its roots in Zimbabwe, where it was founded in 1993 and where the company subsequently developed and sold the 4500 unit Kuwadzna IV high density housing development and originated, structured and sold Zimbabwe’s first mortgage backed security. 

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The company subsequently developed and sold over 2000 residential stands in the Mainway Meadows suburb of Harare.

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In 2004 the business started work on the Lilayi Housing Development Project on Farm 915, a 280 hectare piece of land south of Lusaka Zambia. Subsequently the partners brought in Madison, Insurance, Zambia’s largest insurance company, as a minority equity partner.

Houses For Africa Holdings Inc. (Houses for Africa) was formed on the 21st of March, 2007 to lever off the previous experience of its founder and to grow and expand the Business model in sub-Saharan Africa.

Since that time, on behalf of the Lilayi project, Houses For Africa has negotiated and closed a $46.3 million worth of mortgage finance from the Overseas Private Investment Corporation (OPIC) and negotiated and closed a further commitment with FMO to fund $5.0 million dollars in infrastructure funding and $5.0 million from Stanbic Bank Zambia Ltd.

Houses For Africa has built a sterling board of directors, and has closed a major fundraising, which will enable it to add further management depth to its operational team.

They have moved rapidly to deploy financial and human resources in the region and are actively pursuing large scale housing Development projects in Lusaka Zambia, Abuja, Nigeria, Accra, Ghana and Gaberone, Botswana. Their expansion plans currently include similar housing developments in Kenya, Uganda, Tanzania, Malawi, Cameroon and Sierra Leone.