Nairobi, May 5 -- Property developer Centum Real Estate (Centum Re) is counting on discounted fixed mortgage rates of 8.9 percent to boost sales of its housing units to buyers.

Centum Re has entered into a partnership with KCB Bank Kenya to allow its customers to tap into mortgages, which will be fixed for the loan period of up to 25 years.

The 8.9 percent fixed rate is lower than the average pricing of between 11 and 15 percent charged by commercial banks as of March 2026. Centum Re said the deal with KCB aims to cut costs for both the salaried and the self-employed.

"A good home should be more than something people admire from a distance. It should be something they can understand, plan for and move toward with confidence. That is th...