News by Country
Published stories attached to Kenya.
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Nairobi landlords are increasingly leasing vacant office space to flexible workspace operators through revenue-sharing partnerships, as older buildings lose tenants to modern Grade A developments, a Knight Frank report shows.
The share of Kenyan banks expecting non-performing real estate loans to rise over the next quarter nearly doubled to 27 per cent in June, according to the Central Bank of Kenya's latest credit survey.
Kenya's Ngong Vet affordable housing project in Kajiado North has reached 60 per cent completion, with all 1,910 planned units expected to serve residents of Ngong and surrounding areas.
Kenya's Boma Yangu Nandi Hills Estate, a 729-unit development led by the State Department for Housing and Urban Development, is about 75 per cent complete, with six residential blocks taking shape.
Royal Mabati Factory has sued Vintage Mabati Mills and four former consultants in the High Court in Nairobi, alleging its registered trademarks and designs were copied to build a rival roofing business.
Kenya's housing ministry says applicants holding offer letters do not need to start monthly payments until their units are allocated and occupied.
Digital Realty has opened its Nairobi Two Data Center (NBO2), adding 6.4MW of capacity to its Kenyan campus as iColo transitions to the Digital Realty brand.
First beneficiaries have begun occupying completed units at Nairobi's Mukuru affordable housing project, with the Affordable Housing Board saying more homeowners will move in within three weeks.
Kenya's 1.5% Housing Levy collects about Ksh6 billion monthly, but the Housing Principal Secretary says that amount cannot sustain the government's target of constructing 200,000 affordable homes every year.