The East African property market has witnessed significant growth over the past years. In 2020, the real estate sector began on a high note but was impacted by the Covid-19 pandemic, particularly in terms of access to finance. Most real estate developers had to rely on banks as their primary source of funding. To address this issue, the real estate industry players created various innovative products e.g., joint venture models and structured products to raise capital. In a bid to bridge this gap and further develop the Capital Markets, the Kenyan Capital Markets Authority (CMA) in 2013 put in place REITs regulations for developers to try and to raise capital. This regulatory framework has been in existence in Kenya for the past 8 years and we have witnessed successful stories in the market.
Real Estate Investment Trusts (REITs) have emerged as a significant investment vehicle worldwide, providing opportunities for individuals and institutions to invest in real estate assets. In East Africa, REITs are gaining momentum as an alternative investment instrument, allowing investors to participate in the real estate market and benefit from the income generated by rental properties, capital appreciation, and diversification. The market capitalization of REITs in the region is growing remarkably but there is still a significant potential for growth hence the need to explore ways to build momentum for a thriving future in REITs for East Africa.
The conference aims to explore and unlock the power of REITs in East Africa, fostering discussions among industry experts, policymakers, investors, and real estate professionals. It will provide a platform to discuss the current state of REITs in the region, identify challenges, and highlight opportunities for growth and development.
Managing Director, Green Street
Clinical Associate Professor of Finance & Investment curriculum and Director of the REIT Center
Senior Vice President, SRGI, Nareit
Founder & Director, Java Capital
Principal Secretary, Ministry of investments, Trade & Industry
Chairman, REITS Association of Kenya
Chief Executive, NSE
Chief Officer, Strategy, Risk & Compliance / RAK Treasury
Property Investment Manager, Co-op Trust Investment Services Limited
Founder & CEO of Acorn Holdings Limited.
Conference Chairman, REIT Association of Kenya
CEO, ILAM
CBO, Nairobi Securities Exchange
Head Custodial & Investor, Co-op Bank Group
Managing Director, iJenga Housing
Asstant General Manager, ILAM Fahari I-REIT
Chairman, NSE
Executive Director, Kestrel Capital (East Africa) Limited
Manager Product, Development and Uptake
Director of Legal Services & Corporation Secretary, Kenyatta National Hospital
General Manager, IKPPF
Partner, Anjarwalla & Khanna
VP, Corporate Finance East Africa, Investment Banking, Stanbic Bank Kenya
Chief Executive Officer, ILAM Fahari I-REIT
Partner, TripleOKLaw Advocates LLP
Partner, TripleOKLaw Advocates, LLP
Senior Economist, RBA
Deputy Chief Investment Officer
Head of Research, ICEA LION Asset Management (ILAM)
Principal Association, G & A
Program Coordinator, REITS Association of Kenya
Senior Transactor, Stanbic Bank Kenya
Economist E.A.: Africa Research, Standard Bank Group
Director, Corporate Finance Division, Dyer & Blair Investment Bank
Chief Executive Officer, European Public Real Estate Association (EPRA)
Head - Trustee business, NCBA Bank
Chief Executive Officer, Absa Asset Management Limited
Chief Executive, Apollo Asset Managament
Council Member, Association of Pension Trustees & Administration of Kenya
Chief Executive Officer, SBG Securities
Group Executive Director, CPF Group
Chief Executive Officer, Knight Frank
Global Head of Real Estate Finance, Corporate & Investment Banking, Standard Bank South Africa
Ag. Executive Director, Acorn Investment Management Limited
Senior Associate, DLA Piper Africa, Kenya (IKM Advocates)
Head of Islamic Banking Division, Craft Silicon Limited
Head, Investment Consulting Team, Zamara Group Limited
Managing Director, Spearhead Africa
Managing Partner, Capital Law Group
Chief Executive Officer, REIT Association of SIngapore
Partner, Mboya Wangong'u & Waiyaki
Manager, Domestic Taxes Department (DTD), KRA
CEO, Mi Vida Homes
Chief Executive Officer, Asia Pacific Real Assets Association (APREA)
Head: Commercial Property Finance, ABSA Group
Chief Executive Officer, National Association of Real Estate Investment Trust (Nareit)
Business Development Officer, Nairobi Securities Exchange