Wealth Report

Wealth Report Shows Population of Wealthy Kenyans Dropped by 22% in 2020

The number of High-Net-Worth Individuals (those worth over one million US dollars) dropped by 22% last year according to Knight Frank’s 2021 Wealth Report...
West Riverside Tower

Developer to Build Luxury Westlands Skyscraper

Infinity Developers are in plans to launch a highrise apartment tower in Westlands that could rival Upperhill’s 88-Nairobi project. The West Riverside Tower will sit...
Northern Water Collector Tunnel

Northern Collector Tunnel Project Set to Increase Nairobi’s Water Supply

Nairobi residents are set to begin reaping benefits from the Northern Water Collector Tunnel that has been under construction in Murang’a County as completion...
Kampala

Kampala’s real estate sector lost 40 percent of revenues in 2020

Kampala’s real estate sector lost 40 per cent of revenues in 2020 following a contraction in demand during the pandemic. Property managers disclosed that the...
Umoja-Innercore Road

Umoja-Innercore Road to Get New Upgrade by KURA

Kenya Urban Roads Authority (KURA) yesterday announced plans to construct the Umoja-Innercore road project as part of an intended 408 kilometres upgrade of city...
Affordable Housing

Housing PS Says Affordable Housing Program Effective for Markets

State Department of Housing Permanent Secretary Charles Hinga yesterday said that he is optimistic the government’s affordable housing program is achieving the desired impact...
kisumu

LAPFUND to Break Ground on KSh. 3.5 Billion Kisumu Estate

The Local Authorities Pension Fund (LAPFUND) has announced plans to begin the construction of a KSh. 3.5 billion in Kisumu’s Makasembo Estate to replace...
Traffic Management System

KURA Ready to Begin Development of New Traffic Management System

Kenya Urban Roads Authority (KURA) yesterday announced it is ready to begin construction of the traffic management centre planned for Nairobi. The Authority said it...
office demand

Demand for Office Space Decreased by 47% in 2020- Market Update

Kenya’s prime residential sector remained a buyers’ market in 2020, as prime residential rents declined sharply by 10.25%, compared to 2.8% in 2019, according...
Land Investments in Kenya

Land Returns Among the Highest of all Asset Classes in Kenya

Land investments still fetch the highest returns in Kenya over the long-term, more than other asset classes. According to the latest release of the Hass...

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Watamu Skyscraper Palm Exotjca

New Watamu skyscraper to unseat The Pinnacle as Africa’s number one

A new Watamu skyscraper dubbed Palm Exotjca proposed to be built in Malindi threatens to unseat the proposed Pinnacle Towers to become Africa's tallest...
Acre

How Big Is An Acre Really?

An acre is the typical measurement of a piece of land, used by buyers and sellers to have an understanding of the size of...
Kenya's Construction Costs

Kenya’s Construction Costs, 2017

Kenya's Construction Costs are one of the highest on the continent. The construction industry represents 6 percent of global GDP according to the International...

AVIC unveils the Global Trade Centre in Nairobi

Chinese company AVIC International, through its Kenyan subsidiary yesterday unveiled the Global Trade Centre (GTC) a city complex set on 7.5 acres of land...

Second Phase of Dongo Kundu Bypass to begin next month

Phase 2 of the Dongo Kundu bypass project is set to be rolled out from next month after the Attorney General gave clearance to...

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