He first became interested in the housing industry after reading a World Bank report that forecast rapid urbanisation, and subsequent demand for housing, in Kenya. Latham says Kenya’s housing market can be divided into three categories:Formal: Housing built by professional housing developers. Slum dwellings: Densely packed informal housing units of weak build quality. While some businesses prioritise growth over profits, Latham says Unity Homes’ goal was to be profitable from day one. With its first Nairobi project it started sharing profits over a certain threshold with a few senior team members.

Source: The North Africa Journal July 18, 2022 13:19 UTC