IMPACT INVESTING
DONE RIGHT

OUR MISSION

To identify strategic investments in land and real estate, which increase the supply of affordable housing in partnership with trusted and highly-experienced property developers and contractors. The Celestine Fund is an impact investment fund that specializes in mobilizing capital to sustainably develop adequate, safe and affordable housing in Kenya and Uganda. Our mission allows us to offer investors a way to do well by doing good.

Celestine

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  • Phase 1A

    Public Sale

    Celestine I Fund 5/2/2022

  • Phase 1B

    First Close

    Celestine I Fund 6/30/2022

  • End of Phase 1

    Final Close

    Celestine I Fund 1/31/2023

  • Phase 2A

    Private Sale

    Celestine II Fund Strategy: Acquisitions 2/1/2023

  • Phase 2B

    Public Sale

    Celestine II Fund 5/2/2023

  • Phase 2C

    Acquisition Target Multinational Architectural Engineering firm

    Global leader in Design Innovation Global leader in Infrastructure Experienced in designing future-cities 10/2023

    Celestine I Fund

    End of Investment term Investors receive proceeds 7/1/2027

  • Phase 3

    The Miqlat Future Cities Project

    Kickoff - Break Ground The Miqlat Future Cities Project is a Game B-inspired city project. 10/2027

  • In 2020, the housing requirement in Kampala reached 750,791 units
  • Housing provision is one of the most pervasive challenges faced by over 2/3 of the population of Kenya and Uganda
  • Nairobi is the 6th fastest growing city in Africa
  • There is a growing shortfall of housing, estimated at 2.0 million units in Kenya and 2.4 million units in Uganda
  • This deficit of housing continues to grow by 200,000 units per year in both countries
Affordable Housing

MEDIA