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American Homebuilders of West Africa

American Homebuilders of West Africa

Tackling the housing deficit in West Africa & giving the African diaspora better ways to invest in their home countries.

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Company Overview

Twenty-five years ago, one of our co-founders noticed something on the way to his Peace Corps site partner's home in Côte d'Ivoire. Her house was a well-designed African middle class house that probably cost less than $10,000 to build at the time. Along the way he passed scores of other identical homes in various stages of incompletion - some with just a foundation, others with walls, others with roofs but no windows. Over the course of his two years, not a single one of those homes was completed. He thought over and over that there had to be a better way to build homes in Africa.

There is.

American Homebuilders is building residential and mixed use developments for the emerging middle class of West Africa - and West Africans living abroad - who want a high quality home in their birth countries. We brought production home-building techniques to a region where home construction can often take 20 years or, more cutting that time to few months. We use a combination of local and international technology to maximize building efficiency, minimize environmental impact and reduce costs. AHWA also uses innovative financing through our partner US-Africa Housing Finance (www.usafricahf.com) to allow members of the African diaspora living in OECD countries to achieve home ownership as much as twenty years faster than they might otherwise be able to.

We have demonstrated success in Republic of Guinea with two sold-out developments and a 10-year Public Private Partnership agreement with the government to build 4000 or more homes there. We are raising up to $5M in this round, of which we expect $2M to come through the Crowdfunder platform, and the rest directly from investors to AHWA.

KPIs

19 Employees
$2,000,000 Sales
6,000 Users

Pitch Deck

Traction

  • Winner, Most Innovative Emerging Markets Homebuilder 2019. 2019 BUILD Magazine Real Estate and Property Awards. www.build-review.com

    September, 2019
  • Finalist, Best Affordable Housing, 2019 Africa Property Investment Summit Awards. www.apisummit.co.za

    September, 2019
  • First year to exceed $1M in sales revenue

    December, 2018
  • Signed 10-year, $207M Public Private Partnership agreement with Government of Guinea

    December, 2018
  • Began marketing homes in Côte d'Ivoire

    December, 2018
  • Final home in Gomboyah Development sold, completing our first 13-unit development.

    August, 2018
  • 100th home deposit received

    May, 2018
  • First year cash flow positive and profitable

    December, 2017
  • Acquired land for second development in Doumbouya, Guinea

    October, 2015
  • First home sold

    February, 2015
  • Broke ground on initial development at Gomboyah

    October, 2014
  • Incorporated subsidiary in Guinea

    April, 2014

Testimonials

Gnalen Kourouma
Gnalen Kourouma
Customer
"​I spent three vacations going to Guinea to fight over ownership of my land. Each time, I would spend my whole vacation back home dealing accusations and claims on my property. Now, every day, I open my computer and look at pictures of my house being built by AHWA. It makes me so excited. They are always available, respectful and make me feel comfortable. They are there for you and that means a lot."
Marie Soumah
Marie Soumah
Customer
"Je recommande – strictement, vraiment – sans ambiguïté, sans exaggeration – je recommande American Homebuilders par mon experience que j’ai eu avec eux. … Ca sera une bonne chose pour nous de la diaspora parce que là tu travaille là bas, tu es a l’aise, et tu investi dans ton pays."
Fatoumata Balde
Fatoumata Balde
Customer
"They want their clients to be satisfied … they give you all that you need … you can follow the progress from afar with videos, photos, emails, phone calls – they stay in touch with you at every step up to the completion of construction … you don’t need your own land, your own construction project manager, nothing – they do it all, and give you the key."
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