News by Country
Published stories attached to Kenya.
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The auction of former Cabinet Secretary Raphael Tuju's Entim Sidai Wellness Sanctuary property in Karen, Nairobi, aborted after no qualified bidders showed up, amid an ongoing dispute with East Africa Development Bank.
President William Ruto has renewed criticism of opponents of Kenya's Affordable Housing Programme, revisiting the debate over chickens and high-rise housing during a rally in Narok.
Kenya's government wants lenders to use mobile money transactions, SACCO savings and rental payment histories to assess borrowers, as it seeks to expand the mortgage market from about 30,000 loans towards one million.
A new report on real estate investment in Africa identifies affordable housing, logistics warehouses, data centres, student housing and green buildings as emerging opportunities for Kenya's property market.
Kenya's High Court has upheld SBM Bank's priority in the liquidation of the Cytonn-backed Alma project in Ruaka, a 477-unit residential development, to recover a defaulted Sh650 million loan.
Land prices in Ole Kasasi, a fast-growing Nairobi satellite town in Kajiado County, have climbed from as little as Sh500,000 an acre about 15 years ago to as much as Sh30 million in prime sections.
Grit Real Estate Income Group, which owns malls, luxury homes and offices in Kenya valued at over Sh20 billion, remains suspended from the London Stock Exchange over delayed financial results.
Rents have reached record levels in several African capitals, with Lagos ranked the continent's most expensive city for residential rents, as urbanisation outpaces housing supply.
A new report projects Kenya's real estate market to grow at 5.1 per cent CAGR between 2025 and 2029, ahead of Rwanda's 3.6 per cent, while highlighting Kigali's planning stability as a counterweight for investors.