Online commerce sparks warehouse boom in Nairobi

Growing demand for warehouses from e-commerce firms and conventional retailers seeking to boost their online sales is reshaping Kenya’s industrial property market and driving new development in the country. Property developers are increasingly setting up new warehouses in strategic locations…
Mountain of bad debt looms over Kenya as builders hit hard times

Local construction companies have been ranked among the biggest defaulters of commercial bank loans as delay by the government to pay State contractors’ bills continue to take its toll on the building and construction sector. According to the central bank,…
Safety concerns as Sh730m Everest Park develops huge cracks

Several houses at the Athi River-based Everest Park estate have developed massive cracks, prompting the authorities to undertake an urgent structural audit of the newly built property. The houses have developed huge cracks from the foundations up to the walls,…
Hard times as cement makers take hit from flagging big projects

Local cement firms are contending with lethargic growth in demand for the commodity as sinking orders from mega projects weigh heavily on the firms’ profitability. Demand for cement has been lukewarm since the beginning of the year as key sectors…
Japanese paint firm eyes big money in Kenya real estate

Kansai Paint Company has acquired a 90 per cent stake in Kenyan paint manufacturer Sadolin Group in a deal valued at Sh10 billion. The Japanese paint and coating maker says that its subsidiary, Kansai Plascon Africa Limited, will now be…
Construction growth slows amid general election jitters

The Kenyan construction sector slowed in the first quarter of 2017 as customers delayed spending decisions ahead of the August 8 General Election. Commercial builders, civil engineers and house builders reported slow business – reflecting softer business gains as some…
German fund GIZ partners with HF Group to train Kenya artisans

As shortage of skilled labour continues to undermine Kenya’s economic growth, a German fund has partnered with a local foundation to train artisans in occupations related to construction. GIZ has teamed up with HF Foundation to train and mentor youths…
Top Chinese solar firms eye Kenya for lucrative deals

Chinese solar firms are increasingly setting their sights on the Kenyan market in the wake of the rising demand for reliable, cheaper and clean energy in the country. Shenzhen Power Solution Limited and Guangzhou-based manufacturer of integrated solar solutions, Esavior…