Edward Kirathe is a respected Kenyan entrepreneur known for his significant role in the real estate sector, particularly in student housing. He is the founder and CEO of Acorn Investment Management Limited, the company that has developed popular student residences such as Qwetu and Qejani in Nairobi. With over two decades of experience in the East African property market, Kirathe has played a key role in shaping modern student accommodation in the city.
Early Life and the Birth of Acorn
Kirathe’s business journey began with humble beginnings. Born and raised in Kenya, he developed an interest in entrepreneurship early in life. After completing his education, he pursued a path in business, focusing on real estate development. This passion led him to establish Acorn Investment Management Limited — a firm dedicated to delivering affordable and reliable housing solutions to students.
Through Acorn, Kirathe aimed to bridge the gap in student accommodation by offering safe, well-maintained residences. The company’s flagship projects, Qwetu and Qejani, are designed to meet the unique needs of students in Nairobi.
Qwetu and Qejani Hostels
Acorn’s Qwetu and Qejani hostels have changed the landscape of student living in Kenya. Together, they provide accommodation to more than 4,300 students. These residences offer a secure and community-oriented environment, with branches located in areas such as Jogoo Road, Ruaraka, Parklands, Hurlingham, and Safaripark.
The hostels are designed to suit different budgets, with rooms starting from approximately KSh 12,500 per month. Students benefit from clean facilities, study areas, and access to essential amenities, making these hostels a preferred choice for many.
Impact and Achievements
In the financial year ending December 2022, Acorn Investment Management reported a net profit of KSh 855 million from its student housing ventures. This reflects the growing demand and success of well-planned student accommodation in Nairobi.
Beyond profits, Kirathe’s work has contributed to local economic development by creating jobs and offering students better living conditions. His approach has encouraged other players to consider investments in the student housing space, fostering healthy growth in the sector.
Edward Kirathe stands out as a strategic and forward-thinking leader in Kenya’s real estate scene. Through Acorn, he has not only developed a thriving business but also contributed positively to student welfare and urban development in Nairobi.
