REAL ESTATE NEWS

As Kenya edges closer to its August 2017 general elections, Kenya’s business community is strongly spelling out specific criterion that both its members and all Kenyan electorate must use as they prepare to cherry-pick their leaders. For the next five years, the elected leaders who will be running…

President Uhuru Kenyatta on Friday put a smile on the faces of Nubian community after issuing them with a title deed for 288 acres of land in Kibra. The Head of State issued a certificate of incorporation for the land that was part of the Kibra military reserve established in 1902, and was…

Retired United States president Barack Obama and his wife Michelle seem to have decided to permanently settle in the US capital, Washington, after allegedly purchasing a new house in the city. The Washington Post reports that the Obamas have paid $8.1 million to buy the mansion located in…

With a current nine percent contribution to the leading East African economic power house’s GDP, the state of the real estate market in Kenya is on a roller-coaster. And the projections are enchanting. Fifty years down the line, real estate contribution to GDP is poised to astronomically shoot to…

Work on what will be Africa’s tallest building has kicked off after the laying of the foundation of a 70-floor mixed-use twin tower development in Nairobi’s Upper Hill area. Hass petroleum in collaboration with White Lotus project will be developing the Sh20 billion Pinnacle Towers, which will…

President Uhuru Kenyatta’s Sh700 million stylish private residence located next to State House is almost ready to be occupied. Sources reveal that the President is keen to move into his house, where he will be able to host large private delegations without much scrutiny by the media, before the…

A wave of insecurity that has rocked the popular Rongai estate in Nairobi has forced residents and tenants to flee the estate and seek refuge from relatives living in other parts of the city. Residents are abandoning their homes, leaving them unattended due to the soaring insecurity that have left…

Kenya's Energy Regulatory Commission (ERC) has put on notice owners of large residential and commercial buildings who have not installed solar water heaters in their premises. The commission says building owners risk going to jail or a Sh1 million fine beginning next month when the body begins to…

The Kenyan Cabinet, chaired by President Uhuru Kenyatta, on Thursday issued a directive that waives fees for land title searches in the country. The directive is meant to ease the cost of doing business in Kenya as promised by President Kenyatta. The Ministry of Lands is also in the middle of…

The owner of a Kenyan real estate company and sacco has denied swindling investors, and instead blames the allegations on his political detractors. Bishop David Kariuki Ngari, who runs Gakuyo Real Estate and Ekeza Sacco and was running for the Kiambu gubernatorial seat, says he runs legitimate…