- Website: www.mixtafrica.com
- Sector: Industry
- Country of operations: Multiple
Sound of the suburbs
New townships are springing up across North and West Africa and Mixta Africa is at the heart of these developments. The real estate developer is involved in projects in Morocco, Nigeria, Senegal, Tunisia and Côte d’Ivoire, having previously worked in Egypt, Algeria and Mauritania.
“While some of these are standalone residential projects, our primary focus is the development of new suburbs,” says Daniel Font, Chief Operating Officer of Mixta Africa. “Our focus is to create a balanced mix of residential and commercial spaces along with well-developed infrastructure and other social amenities that are in short supply across African cities.”
“Our goal over the next two years is to improve our annual production of homes to 5,000 units”
Demand for such developments is only likely to increase in the future, propelled by the continent’s fast-growing population and increasing urbanisation. With supply of affordable housing often lagging behind, however, governments are keen to provide finance and other incentives to developers to help address the problem.
Daniel says: “As a company with significant scale and expertise, Mixta Africa has been able to leverage government schemes of this nature. We have delivered more than 5,000 homes for low-income earners in Morocco and 800 in Senegal in the recent past.
“In Nigeria we are partnering with the federal government for a similar scheme. Our goal over the next two years is to improve our annual production of homes to 5,000 units and by 2022 we expect our annual delivery will have grown to 25,000.”
- 5,000 homes were delivered by Mixta Africa recently for low-income earners in Morocco
Mixta Africa is also eyeing expansion into new markets. “Our current focus is on scaling up operations within existing markets by launching new products and diversifying into new cities, particularly in Morocco, Senegal, Côte d’Ivoire and Nigeria,” says Daniel. “However, we do also plan to expand into other key African markets that present a compelling opportunity in the next few years, starting with Rwanda, Kenya and Ghana.”