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Firm bets on Kenyan real estate to help Nigerians build wealth, hedge Naira volatility

Reported by Businessday
Jun 23, 2026· 2 min read
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Key Takeaways
  • • Dewale Consulting Ltd (DCL) is organizing a "Gateway to East Africa" Kenya Real Estate Investment Tour (July 20-25, 2026) targeting Nigerian investors seeking 9% to 12% annual yields while hedging Naira volatility through cross-border diversification.
  • • Kenya's real estate market is positioned as a superior alternative to Nigeria due to clearer regulatory frameworks, lower currency volatility, macroeconomic stability, and a mature REIT market compared to the Nigerian equivalent.
  • • The investment strategy leverages regional integration under the African Continental Free Trade Area (AfCFTA), Nairobi's status as East Africa's institutional hub, and the "Silicon Savannah" tech ecosystem as growth drivers for property valuations.
  • • Cross-border payment infrastructure improvements via PAPSS (Pan-African Payment and Settlement System) and the presence of major Nigerian banks (Access Bank, UBA, GTBank) in Kenya reduce friction for capital deployment and repatriation for Nigerian investors.
Summary
Dewale Consulting Ltd, a data-driven real estate advisory firm, is capitalizing on Nigerian investor appetite for currency hedging by organizing a structured investment tour to Kenya scheduled for July 2026. The initiative targets high-net-worth Nigerian investors and institutions seeking diversification beyond Nigeria's Naira-denominated assets, with projected returns of 9% to 12% annually from Kenyan property investments.

According to Adewale Ajibade, Managing Director and CEO of DCL, the strategic rationale centers on pan-African portfolio diversification as a hedge against Naira volatility. Ajibade emphasized that Kenya's real estate market offers superior conditions relative to Nigeria: clearer regulatory frameworks, a more stable macroeconomic environment characterized by lower currency volatility, and greater market maturity. These structural advantages address a core concern for Nigerian capital seeking both wealth preservation and appreciation in hard assets.

The investment thesis is anchored to two macro catalysts. First, Africa's accelerating regional integration under the African Continental Free Trade Area (AfCFTA) is creating cross-border capital mobility opportunities. Second, Kenya-specific strengths—Nairobi's position as East Africa's institutional financial hub, a developed REIT market, and the thriving "Silicon Savannah" technology ecosystem—provide both income-generating assets and long-term appreciation potential. These factors collectively position Kenya as a more resilient alternative to single-country exposure in West Africa.

Operationally, the investment pathway has been simplified for Nigerian capital flows. Improvements to the Pan-African Payment and Settlement System (PAPSS) have reduced friction in cross-border transactions, while the established presence of major Nigerian financial institutions—Access Bank, UBA (United Bank for Africa), and GTBank—in Kenya facilitates both acquisition and repatriation of funds. This infrastructure advantage reduces execution risk and capital control concerns for Nigerian investors exploring East African real estate.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Businessday Firm bets on Kenyan real estate to help Nigerians build wealth, hedge Naira volatility