Nairobi, Feb. 10 -- Pan-African housing development financier Shelter Afrique plans to fund buyers of affordable homes built by private equity firm Actis, with the partnership set to start in Kenya with the potential to be replicated elsewhere.

Shelter Afrique will also partly finance the construction of the projects being undertaken by Mi Vida Homes - a joint venture between Actis and Shapoorji Pallonji Real Estate (SPRE).

Mi Vida is developing multiple affordable housing units including studio apartments priced from Sh2.8 million.

"The partnership with Shelter Afrique builds on our existing institutional capacity to drive urban renewal and provision of affordable housing at scale," said Samuel Kariuki, chief executive at Mi Vida.