AFFOARDABLE HOUSING

• 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

The mission of slum eradication is part of what drives us at DevQuest. We created the Celestine Fund to direct capital towards achieving the goal of providing increased affordable housing in Kenya and Uganda. By creating viable real estate developments, which the majority of Ugandans can afford, we are not only securing a positive return on investment by addressing the existing gap in the marketplace. We’re also helping to provide people with affordable alternatives to unsafe, unhealthy informal settlements and allowing them to move into homes where they can thrive and begin a new legacy for their families.

The Celestine Fund specializes in investments providing capital financing and acquiring land to develop single-family and mixed use apartment buildings in sustainable ways to meet the needs of the rapidly growing middle class segment of these rapidly urbanizing markets

$50 Million Mobilizing Equity Capital from fund investors of at least $50M USD over 5 years