State courts private investors in Sh20bn student hostels project

The Kenyan government is courting wealthy investors to provide financial boost to its Sh20 billion student hostels project that seeks to bridge the country’s massive gaps in the supply of bed spaces for public university students. Officials from the National…
US equity firm to invest Sh45 billion into Kenya real estate

A growing number of foreign companies are investing significant capital in the Kenyan real estate market amid rising demand for housing in the country occasioned by high rates of urban population growth. New York-based equity firm Milost Global Inc. has…
Harsh crackdown looms on illegal buildings in Nairobi

Nairobi County is set to begin a major crackdown on developers accused of undertaking construction of residential and commercial buildings across the city without approval. Deputy Governor Polycarp Igathe on Thursday issued stop instructions on several upcoming buildings in the…
Chinese firm builds Sh5bn estate in Kilifi to house rich Kenyans

China Jiangxi Construction Company has completed construction of the highly awaited Sultan Palace Beach Resort, a Sh5 billion residential complex in the Kikambala area of Kilifi County, which is set to host some of Kenya’s wealthiest characters and visiting billionaires.…
ERC faces tough choices over solar water heaters law

The Energy Regulatory Commission (ERC) is set to make tough decisions regarding the enforcement of a law requiring landlords to install solar water heaters on their buildings amid low levels of compliance and numerous legal challenges. The Energy (Solar Water…