Myspace, Safaricom Investment Cooperative Partner to Deliver Value for Kenya's Real Estate

• Myspace Properties partnered with Safaricom Investment Cooperatives (SIC) to enhance value for the real estate sector in Kenya
• The collaboration aims to integrate affordable housing and community-centred commercial developments
• Speaking exclusively to TUKO.co.ke, Myspace properties CEO Mwenda Thuranira said the partnership will make homeownership more accessible to Kenyans

Wycliffe Musalia has over six years of experience in financial, business, technology, climate, and health reporting, providing deep insights into Kenyan and global economic trends. He currently works as a business editor at TUKO.co.ke.

Myspace Properties and Safaricom Investment Cooperative (SIC) have announced a strategic partnership aimed at transforming Kenya’s real estate landscape.

According to Myspace Properties CEO and founder Mwenda Thuranira, the transformation will happen through the integration of affordable housing and community-centred commercial developments.

Will Kenyans own homes via the partnership?

In an exclusive interview with TUKO.co.ke, Thuranira noted that the collaboration is set to drive sustainable urban growth while making homeownership more accessible to millions of Kenyans.

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“The partnership blends Myspace Properties’ expertise in developing community-focused strip malls with SIC’s strength in financial solutions and large-scale housing initiatives. This powerful combination is expected to address key challenges in the real estate sector, including the country’s significant urban housing deficit and the growing need for inclusive and sustainable urban development,” said Thuranira.

The CEO noted that integrating strip malls into affordable housing developments will offer a range of benefits for residents.

“Strip malls provide convenient access to essential goods and services, which is critical in housing developments where residents may have limited transportation options. They support local businesses, create jobs, and serve as community hubs that foster interaction and cohesion,” he explained.

The realtor added that the developments are designed with sustainability in mind, incorporating green building practices and promoting mixed-use spaces that align with modern urban planning principles.

Thuranira explained that the partnership aims to create not just housing, but vibrant, livable communities that enhance quality of life for all residents.

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Support for government's affordable housing

SIC, a major player in Kenya’s cooperative investment sector, brings vital financial muscle to the partnership.

Through its affordable mortgage products and access to capital, the cooperative makes large-scale developments more financially viable.

This financial support enables the construction of more affordable housing units, a critical need in urban areas experiencing rapid population growth.

“The partnership enables us to directly contribute to national housing goals. By improving access to affordable homes and better living environments, we are raising the standard of living for many Kenyans,” Thuranira added.

To ensure the long-term success and impact of this collaboration, both Myspace and SIC are co-developing innovative real estate solutions tailored to local needs.

These include the development of customised unit mixes, scalable project models, and partnerships with organisations that can support expansion and replication across the country.

“The sustainability and scalability of our initiatives are central to this partnership. We are not just building homes or shops—we’re building models that can be replicated in different contexts to meet the evolving needs of our communities,” Thuranira added.

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The initiative also places a strong emphasis on community engagement, ensuring that residents and businesses are integral to the development process.

The CEO noted that the collaboration represents a forward-thinking approach that balances commercial viability with social impact, creating value not just for developers and homeowners but for entire communities.

Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.

Source: TUKO.co.ke