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A new breed of affordable housing developer,
built to scale by serving both our residents and our co-investors
Vertical Integration
Mission Driven
Thrive will not pursue projects where the economics don’t work. But we are committed to innovating into the low income segments in which both volume opportunity and customer need are extremely high.
Urban In-Fill
Our multi-family projects are positioned to complement neighborhoods’ existing social fabric. We deliver the housing that our customers want, in locations that actually fit their lives.
Rental Focus
The urban mass market is young, upwardly mobile, and on a very tight budget – so we specialize in rentals. Projects therefore require long-term capital, and Thrive anchors an investment syndicate for each one.
Our Mission and Vision
A future in which a basic income reliably provides access to a dignified home.
To scale up the development of high-quality homes and communities which enable Zambian households to realize their full potential, and to make these homes attainable to middle and lower income segments.
Thrive’s founders have built businesses, buildings, and infrastructure across Zambia
Bryan McCoy
Bryan has over 15 years of experience scaling PE-backed businesses in southern and Eastern Africa. Prior to founding Thrive, he led Yalelo Ltd from the concept stage to industry leadership within the tilapia sector. As Yalelo’s Founding CEO, he established operations across the full value chain, ultimately creating a highly-efficient business which brought down market prices, employed over 1,600 people, and expanded across Southern and East Africa. While fish and housing seem very different… both industries are capital intensive, serve the mass market, and benefit greatly from vertical integration.
Before turning his focus fully to sub-Saharan Africa, he also worked in private equity (H.I.G. Capital, Miami 2008-2010) and management consulting (Bain & Co, Boston 2004-2007). Bryan is originally from Louisville, Kentucky (USA) and attended Williams College (B.A. ‘04) and Wharton (MBA ’12).
Daniel Rea
Dan is a chartered civil engineer and qualified project manager with extensive commercial, financial, environmental and social experience, making him an all-round specialist in the development and delivery of projects in new or difficult environments.
He worked for Arup from 2002 as a chartered civil engineer then project manager, joined KPMG based in London in 2007, and in 2013 moved to develop KPMG’s infrastructure advisory business in Zambia and neighbouring countries, before joining Grindrod/ North West Rail in 2014 to develop a greenfield 600km railway connecting Zambia to Lobito port in Angola. In 2016 he joined Bryan at Yalelo/FirstWave and oversaw the construction of a commercial fish feed production plant in southern Zambia, and then developed an entire new large-scale fish production site in Uganda.
Daniel was born in Kitwe, Zambia and attended university in Bristol, UK and McGill, Canada for a Masters degree in Engineering in 2001 and Middlesex, UK for a Masters in Sustainable Development in 2002.
Contact us: [email protected]