Nairobi Metropolitan Services

NMS allocates KSh. 150Mn for New Cemetary

Nairobi Metropolitan Services (NMS) has set aside a budget of Ksh 150 million in the current financial year for the purchase new cemetery land...

Government pledges to enhance regulations in property market

The government plans to weed out malpractices in the real estate sector through enforcement of stringent regulations. The aim is to speed up regeneration...

Developers using off-plan option to manage financing burden

Most real estate developers have turned to off-plan financing to provide housing in the country. Even though these off-plan arrangements are not new in...

Hotel industry faces stiff competition from short-term rentals

Kenya’s hospitality sector has come face to face with the backlash from the influence of online accommodation listings like Airbnb and Booking.com on the...
Africa Affordable Housing Opportunities

Housing shortage provides Ksh. 400 billion opportunity

A study conducted by the IFC and the World Bank in 2019 focusing on how the private sector can contribute to affordable housing shows...

Fairmont hotels to introduce three-stop destination in Kenya

Fairmont Hotels and Resorts has announced a new venture to spruce up the diversity of its offerings to its guests in East Africa. The group...
New Traffic Management System For Nairobi

NMS Plans New Traffic Management System For Nairobi

A new traffic management system for Nairobi is in the planning stage according to the Nairobi Metropolitan Services (NMS). The Kenyan government through the...
real estate bubble kenya

Fund manager sees no bubble in Kenya’s real estate markets

Fund manager Cytonn has downplayed prospects of a real estate bubble in Kenyan real estate markets. There has been frequent talk of a bubble...
off-plan

New Savings Account to Protect Off-Plan Home Buyers

Real estate firm Costa Homes in collaboration with the National Bank of Kenya (NBK), has launched a new savings account that will shield buyers...

Firm wants to put up luxury apartments in Highridge

A firm, 202 Properties Limited are working on a project to put up a luxurious residential building in Parklands. The project which is located in the...

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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...
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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...
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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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