Bad Rating Pushes Real Estate Firm Deeper Into Red Ink
The loss came despite the company reporting a 233% growth in gross revenue, adjusted for percentage of completion.
Ongata Rongai Villas Target Luxury Home Buyers
Ten Villas Project Manager Wycliffe Mosioma said the houses are attracting growing interest locally and abroad.
Why it’s Expensive Living in Nairobi, Making Ends Meet
Major towns in the outskirts of Nairobi City were continually experiencing a rising rental trend
New mall owners counting losses as Kenya’s economy slows down
Prime residential rents reduced by 1.7%, taking the annualised decline to 3.3% in the year to June
Broken home? Housing tax in limbo as FKE refutes government notice
Contradictory messages has left the government and the Federation of Kenya Employees (FKE) at loggerheads over the implementation of the housing levy. While the government has directed that the new tax will be implemented in May, FKE has rebutted by calling the state's move "unlawful". FKE...
Shelter Afrique: Housing crisis hits millions in Africa
Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply of affordable housing, the Pan-African housing development financier, Shelter Afrique, has said. Speaking in Nairobi at the inauguration of Karibu Homes, a low-cost housing...