AMG Realtors delivers affordable land ownership solutions, fostering economic growth in Kenya while supporting community development through education initiatives and international investment opportunities.
AMG Realtors has established itself as a leader in Kenya’s real estate market, contributing significantly to the country’s economic growth and community development. Under Director Andrew Muthee Gitau’s leadership, the company has continued to grow its influence both locally and internationally, with a focus on making real estate accessible to all while giving back to society. According to Gitau, AMG Realtors is committed to providing “a one-stop solution for all real estate needs in Kenya,” assisting individuals in securing their future through affordable land ownership.
Real estate is a critical component of Kenya’s economy, and AMG Realtors has played a significant role in its expansion. According to the Kenya National Bureau of Statistics, the real estate business generated 10.3% of the country’s GDP in 2023. “AMG Realtors has been at the forefront of facilitating land ownership, which is critical for wealth creation and job growth in Kenya,” Gitau says. The company is aligned with the country’s initiatives that have resulted in the creation of about 200,000 direct and indirect jobs, greatly increasing the nation’s employment rates.
AMG Realtors supports people and companies to invest in real estate by offering cheap land alternatives, hence promoting infrastructure development and strengthening local economies. Gitau underlines that “securing land ownership is a key driver of wealth creation,” citing research that demonstrates that a 10% increase in land ownership leads to a 2% rise in family wealth in Kenya.
The vision of AMG Realtors extends beyond Kenya’s borders. The company’s recent venture into the American market with its Texas-based project, ‘Kenya One,’ exemplifies its ambition to offer diverse real estate investment opportunities. According to Gitau, this expansion is primarily aimed at “connecting with the Kenyan diaspora” and providing a secure investment platform.
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Texas, with its thriving economy, is a good location for real estate investments. “The state’s population is growing by 1.5% annually, and its US$2 trillion GDP makes it the 9th largest economy in the world,” Gitau says. With a 20% real estate appreciation rate between 2021 and 2023, Texas offers tremendous prospects for first-time homeowners, growing families, and retirees.
One of AMG Realtors’ unique characteristics is its dedication to social responsibility, particularly through the AMG Foundation. The effort includes the recent establishment of the Kibera Library in one of Africa’s largest informal settlements, where 800 people have already received educational materials in less than a month. “Our libraries are equipped with books approved by the Ministry of Education, offering free access to knowledge for both children and adults,” Gitau says.
The AMG Foundation’s initiatives extend beyond simply delivering books. Beneficiaries benefit from utilities such as power and internet access, allowing them to continue their studies and research without interruption. Gitau underlines the importance of these programs, saying that “education is the foundation of any thriving community, and by empowering communities through knowledge, we aim to inspire the next generation of leaders.”
Moreover, AMG Realtors actively encourages its clients and partners to contribute to these community-building efforts. In September 2024, a percentage of the revenue from each piece of land acquired went towards the expansion of these libraries. “For every US$1,000 invested, 12 books are added to the shelves, and for every US$5,000, a computer is provided,” Gitau says, demonstrating the company’s novel strategy of combining real estate investments with social good.
Under the Affordable Housing Programme, Kenya’s government aims to develop 250,000 low-cost housing units annually. AMG Realtors is aligned with this vision, offering affordable land in areas designated for housing projects. “We collaborate with developers and the government to make homeownership accessible to a larger portion of the population,” Gitau says.
AMG Realtors has undergone significant corporatization, marked by strategic leadership changes enhancing service delivery and governance. Andrew Muthee Gitau transitioned from CEO to Executive Director as of January 2024. This shift has enabled him to focus on broader strategic goals while a newly inducted five-member board has been established to strengthen corporate governance and steer the company toward sustainable growth.
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