A leading provider of bespoke, hospitality-led office environments across Africa, KOFISI’s award-winning spaces have enabled expansion into four regions of the continent.
“Our focus has always been on creating workspaces that go beyond the norm— spaces where productivity and hospitality intersect in meaningful ways.” Michael Aldridge, CEO of KOFISI
In a constantly changing corporate landscape, KOFISI has emerged as a market leader in Africa’s serviced office space industry – opening two new locations in 2024/2025 and expanding the footprints of its existing eight centers across the continent. The provider’s emphasis on hospitality-driven office settings, cutting-edge technologies, and sustainability has established a new standard for workplace experiences across Africa. KOFISI is driving the conversation and creating workplaces of the future with innovative spaces that go beyond providing office space.
2024 has been a transformative year for KOFISI, with an impressive 40% growth through the expansion of existing centers in Kenya, Nigeria, and Tanzania and the opening of new territories. Aldridge explains, “We’ve continued to grow organically. Nearly all of our centers have increased in size, which is a clear indicator of the growing demand for sophisticated serviced office environments.” This growth speaks to the global trend for flexible office space, as companies move away from traditional independent office spaces
The company’s dedication to quality design and five-star service earned significant recognition this year. KOFISI Square was the regional winner of the prestigious SBID International Design Award 2024 and was voted Africa’s Best Shared Workspace Provider. Additionally, Aldridge was the runner-up for Top Africa Property CEO at the API Summit in September.
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Aldridge announced two major projects for 2024: a 40,000 sq ft office facility in Morocco and a 60,000 sq ft center in Rwanda. These initiatives are part of a larger effort to address the growing demand for serviced office spaces in major African markets. KOFISI is also looking at opportunities in Ghana, Egypt, and Ethiopia, demonstrating its commitment to growing its presence across the continent.
A strategic partnership with South Africa-based Workshop17 has created Africa’s largest private network of office spaces, spanning 600,000 sq ft across 22 locations. According to Aldridge, “This partnership is a game changer, not just for KOFISI but for the entire serviced office sector across Africa. It allows us to offer even more product evolution and greater access to our clients.”
Aldridge described the company’s unique approach, explaining that KOFISI champions the concept of the “hotelification” of the workplace. “At KOFISI we believe the modern workspace should offer more than just an office. We’ve always focused on hospitality and customized environments to create a more compelling and productive reason to come to work,” he says.
This hospitality-first approach sets KOFISI apart from competitors and has been well-received by clients.
Looking to 2025, KOFISI has laid out plans for further expansion. “From 2025, we plan to open four new locations each year, each around 80,000 sq ft. We have a pipeline of eight locations that we’re actively discussing in both new and existing cities,” Aldridge says. This expansion will be supported by a Series B capital raise of US$35 million, which the company expects to close by early 2025.
Sustainability is a core value for KOFISI, and the company has made noteworthy efforts towards its ESG targets. “We’ve made significant strides in areas like reducing single-use plastics—our kitchens are now 92% sustainable, reducing food wastage and minimizing single-use plastics,” Aldridge says. KOFISI plans to launch a recycling program in 2025 as well as a hospitality academy to equip people with industry-relevant skills, improving employability and reducing unemployment.
Additionally, the partnership with Workshop17 will create Africa’s largest private gallery of African art within shared office spaces. Aldridge is proud of this initiative and says, “With 600,000 sq ft of office space, we’re supporting African artists and showcasing their work. This is something we’re excited about, as it not only beautifies our spaces but also contributes to cultural sustainability.”
While KOFISI moves across Africa, its roots in Kenya remain strong. Aldridge highlighted the country’s evolving business environment, noting a shift in client demand in 2024. “Companies are still expanding, but they’re doing so in a more consolidated manner,” he says.
With KOFISI’s customizable, service-driven environments, Aldridge is confident that the company is well-positioned to help businesses grow.
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