Sameer Africa

What Sameer Africa does

Sameer Africa PLC is a public limited company listed on the Nairobi Securities Exchange and a member of the Sameer Group, one of Kenya's established investment conglomerates. Its principal business is the letting of investment property, centered on an industrial real estate portfolio of more than 750,000 square feet of lettable space delivered through a mix of Export Processing Zone (EPZ) and non-EPZ facilities. The company organizes its operations through two wholly-owned subsidiaries — Sameer EPZ Limited and Sameer Industrial Park Limited — which serve EPZ-licensed tenants, while Sameer Business Park, an 8.8-acre modern corporate offices and showroom complex on Mombasa Road, Nairobi, anchors the non-EPZ offering with features including separate office and showroom entrances, loading bays, a coffee lounge, restaurant, and secured parking.

The company serves over 40 enterprise tenants across distribution, retail, manufacturing, agro-processing, business process outsourcing, and energy sectors, achieving over 90% occupancy with high retention. Revenue mechanics are based on recurring industrial property leases — long-duration contracts with enterprise tenants — making it an asset-heavy, subscription-like income model rather than a transactional or consumption-based one. The customer base is horizontal, spanning multiple sectors, which provides some diversification but lacks disclosed tenant-level granularity.

The company's distribution is direct: it leases space without intermediaries, relying on relationship-based sales, property site visits, and corporate communications for tenant acquisition and retention. There is no disclosed technology platform or proprietary software underpinning operations — the business is fundamentally a physical-asset landlord operation. Marketing channels are limited to group-level event sponsorships (e.g., Agricultural Society of Kenya shows, Kenya Mining Forum), corporate communications, and an investor relations website serving shareholders on the NSE. Governance is exercised through a publicly disclosed board led by a Chairman (Eng. Erastus Mwongera) and Managing Director (John Mugo, appointed January 2023), with continuous board and company secretary rotation observed through 2024–2026.

Name

Sameer Africa

Legal name

Sameer Africa PLC

Website

https://sameerafrica.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

Sameer Africa PLC is a Nairobi Securities Exchange-listed industrial property landlord — part of the Sameer Group — that leases over 750,000 square feet of EPZ and non-EPZ warehousing, factory, and corporate office space to more than 40 enterprise tenants across multiple Kenyan sectors.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Leasing

NAICS

All Other Business Support Services (561499)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Industrial property leasing
• Export processing zones
• Warehouse rentals
• Commercial real estate
• Investment property letting

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Industrial Property Leasing: Sameer Africa derives its principal revenue from letting investment property, specifically industrial warehouse and factory space. The company offers over 750,000 square feet of lettable industrial space including both EPZ (Export Processing Zone) and non-EPZ facilities to tenants across various sectors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Sameer Africa PLC principally lets investment property, offering more than 750,000 square feet of lettable industrial space comprising EPZ and non-EPZ facilities along Mombasa Road, Nairobi. The portfolio is delivered through wholly owned subsidiaries Sameer EPZ Limited and Sameer Industrial Park Limited, alongside the Sameer Business Park corporate offices and showrooms complex, and serves over 40 enterprise tenants in distribution, retail, manufacturing, agro-processing, BPO, and energy.

Product overview

Sameer Africa PLC operates a diversified industrial real estate portfolio as a single unified offering. The core business is letting investment property, with over 750,000 square feet of lettable industrial space including EPZ and non-EPZ facilities. The portfolio is organized through wholly owned subsidiaries Sameer EPZ Limited and Sameer Industrial Park Limited, which cater to EPZ-licensed tenants, while Sameer Business Park provides modern corporate office and showroom space. The company serves over 40 tenants across distribution, retail, manufacturing, agro-processing, BPO, and energy sectors, achieving over 90% occupancy with high retention rates.

Differentiator

Problem solved

Functional benefit

Products and services

• Sameer Business Park A modern corporate offices and showrooms complex set on 8.8 acres along Mombasa Road, Nairobi, comprising five units with well-finished lobbies, separate office and showroom entrances, coffee lounge, restaurant, ample parking, and separate loading bays, offered to enterprise tenants requiring corporate, operational, and showroom space.
• EPZ Industrial Space (Sameer EPZ Limited) EPZ-licensed industrial space delivered through Sameer Africa's wholly owned subsidiary Sameer EPZ Limited, letting premises to tenants licensed to operate within an Export Processing Zone for export-oriented manufacturing and processing activities.
• Non-EPZ Industrial Space (Sameer Industrial Park Limited) Industrial park property letting delivered through Sameer Africa's wholly owned subsidiary Sameer Industrial Park Limited, providing industrial space to tenants including those licensed to operate in an EPZ, supporting manufacturing, distribution, and processing activities.

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and major.

• Sameer GroupcoreOthers · 1 January 2017Sameer Africa is part of the Sameer Group of companies. The Group owns a large property portfolio. Sameer Africa contributed to sponsorship of Furaha Sports Festival as part of Sameer Group activities.
• Sameer EPZ LimitedcoreOthersFully owned subsidiary of Sameer Africa PLC that lets space to tenants licensed to operate in an EPZ (Export Processing Zone). Part of Sameer Africa's core business structure for providing EPZ-compliant industrial facilities.
• Sameer Industrial Park LimitedcoreOthersFully owned subsidiary of Sameer Africa PLC that lets space to tenants licensed to operate in an EPZ. Core operational subsidiary for EPZ facility management.
• Sameer Business Park (developed by Sameer Group)majorOthersSameer Business Park is a modern transformative experience of corporate offices cum showrooms complex set on 8.8 acres along Mombasa Road, Nairobi. Developed by Sameer Group as part of the property portfolio.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• ILAM Fahari I-REIT: Kenya's first listed Real Estate Investment Trust, holding a diversified portfolio of commercial and retail assets on the Nairobi Securities Exchange. Directly comparable as a Kenyan, NSE-listed property income vehicle targeting institutional tenants.
• Stanlib Fahari I-REIT: Second listed REIT on the Nairobi Securities Exchange with a portfolio of Grade-A commercial properties in Kenya. Comparable as a peer Kenyan listed real estate income play with institutional-grade tenants.

Regional players

• Hass Consult Limited: Kenyan real estate development and investment firm with a portfolio spanning commercial, residential and industrial projects in East Africa. Comparable as a Kenyan property investor, though more diversified across asset classes.
• Knight Frank Kenya: Major global real estate consultancy with a Kenyan franchise advising on commercial and industrial property. Comparable as a Nairobi-based real estate services and advisory counterparty in the same asset class.
• Cushman & Wakefield East Africa: Global real estate services firm with East African operations covering Nairobi industrial and commercial property leasing and tenant representation. Comparable as a regional real estate brokerage serving the same tenant base.

Emerging players

• RDBJ (Riverside Development Joint Venture): East African industrial and commercial property developer active in logistics and warehousing around Nairobi's Mombasa Road corridor. Comparable as a competing industrial landlord targeting the same manufacturing and logistics tenants.
• Africa Logistics Properties (ALP): Pan-African developer and operator of grade-A warehousing and logistics facilities, with a flagship industrial park near Nairobi. Comparable as a regional industrial/warehouse landlord competing for the same multinational logistics and distribution tenants.

Others

• Export Processing Zones Authority (EPZA) Kenya: Government body overseeing Kenya's EPZ program and EPZ-licensed operators. Comparable as the regulator and ecosystem counterpart that licenses Sameer Africa's EPZ subsidiaries and anchors demand for compliant industrial space.
• Sasini PLC: Sameer Group sister company listed on the NSE, with agro-processing operations housed in industrial space. Comparable as a Sameer Group affiliated, NSE-listed entity with potential tenant and shareholder overlap, reflecting group-level capital allocation patterns.
• Eveready East Africa PLC: Another Sameer Group NSE-listed operating company in batteries and lighting. Comparable as a sister group entity sharing directors and treasury, illustrating the conglomerate context around Sameer Africa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/sameerafricaplc

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sameer Africa