There were 25 results found for Kenya and Real Estate

There were 25 results found.

Interview

Ronald Ndegwa, Managing Director, Savannah Cement: Interview
OBG
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Interview: Ronald Ndegwa What do you consider Kenya’s competitive advantages in terms of cement production? RONALD NDEGWA: Geographically, Kenya sits in a strategic regional position. East Africa is a net importer of clinker - a key ingredient of cement - and for the volume of cement, you need 65% clinker. To import clinker, we can use the Port of Mombasa, which takes vessels up to 50,000 tonnes.…

Interview

Andrew Saisi, CEO, National Housing Corporation (NHC)
OBG
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Interview: Andrew Saisi What new measures could solve the housing gap? ANDREW SAISI: It is estimated that the gap between supply and demand for urban housing in Kenya is over 200,000. This shortage is mainly in the low-income section of our country. There are numerous interventions that could help us shore up this gap. One of the top priorities is encouraging more involvement by the corporate private…

Overview

Infrastructure projects and private financing drive the construction sector in Kenya
OBG
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Kenya’s stand-out economic performance in a global environment of low growth is due, in part at least, to a vibrant construction industry. The sector has been accelerating at a rapid pace and making a substantial contribution to the country’s strong GDP growth figures, on the back of major public works projects and rising demand for mixed-use and residential developments. For domestic and international…

Overview

Stand-out performer: Despite short-term challenges, an expanding middle class and rapid economic growth provide strong fundamentals for growth
OBG
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As one of the major markets of sub-Saharan Africa, Kenya is of increasing interest as a real estate investment destination. The 44.2m-person country and its 4.2m-strong capital Nairobi, act as a gateway to a regional East African market approaching some 150m people. Domestically, the economy has been outperforming much of the world, the population is expanding and incomes are on the rise. Given these…

Chapter

The Report: Kenya 2017: Construction & Real Estate
OBG
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Kenya’s construction industry has been accelerating at a rapid pace and making a substantial contribution to the country’s strong GDP growth figures on the back of major public works projects and rising demand for mixed-use and residential developments. However, the market is not without its challenges, and the funding and financing environment at all stages of project execution is tough, creating…

Economic News

Kenya’s residential property market shifts to multi-unit housing
OBG
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While housing prices in Kenya’s residential real estate market stabilised late last year, land costs have seen significant increases, indicating a rise in demand for apartment units. According to the latest housing price index from the Kenya Bankers’ Association, released at the end of January, average housing prices edged up by just 1.14% in the last three months of 2015. This marked the third…

Interview

Michael Turner, Managing Director, East Africa, Actis: Interview
OBG
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Interview: Michael Turner How has the level of private equity activity changed in Africa in recent years, and which sectors offer the most potential? MICHAEL TURNER: African markets are expanding rapidly – six of the 12 fastest-growing economies globally are in Africa. As a result, the African private equity landscape is foremost in the minds of many international investors as they increasingly…

Overview

Kenyan property prices rise despite low rents and few mortgages
OBG
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The real estate market in Kenya remains attractive for investors, with the average property price in Nairobi rising more than fivefold in the 2007-14 period, from KSh30m ($330,000) per acre to KSh170m ($1.9m) at the end of 2014, according to HassConsult, a local real estate agency. In a positive sign for longer-term sustainability, indicators point to increasing market maturity as well as buyers becoming…

Overview

Kenyan authorities push to raise standards on construction projects
OBG
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Following on from decades of positive gains, Kenya’s construction sector continues to see robust growth and remains a central component of the country’s immediate and longer-term economic growth agenda. The industry’s GDP contribution in 2014 totalled KSh259.6bn ($2.86bn), up 13.1% on 2013, according to the Kenya National Bureau of Statistics (KNBS). This growth pushed the construction sector’s…

Analysis

Concrete surge
OBG
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Growth in the Kenyan construction sector – driven by major infrastructure projects such as the Nairobi-Mombasa railway and a push to expand housing supply – reached 13.1% year-on-year (y-o-y) in 2014, more than double the 2013 figures. Construction accounted for 4.8% of GDP in 2014, according to the “Economic Survey 2015” from the Kenya National Bureau of Statistics (KNBS). Rising activity…

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There were 25 results found for Kenya and Real Estate

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