Chinese developers eye local financing as capital needs surge

Chinese real estate developers in Kenya are increasingly seeking stronger partnerships with local banks, to fund most of their projects...

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Chinese real estate developers in Kenya are increasingly seeking partnerships with local banks for project financing, marking a shift from their traditional reliance on China Exim Bank. This change is driven by surging capital requirements, evolving regulations, and expanding project sizes.

Chinese Developers Association Vice President Zhirui Liu stated that local financial institutions are crucial for land purchases, project funding, and international transactions.
Managing Director Moses Nyabanda of Equity Bank Kenya confirmed heightened demand for structured project financing and comprehensive support.
Developer forums aim for faster financing, tailored mortgage products for middle-income buyers, and enhanced cross-border banking.

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