Kenya is attractive for steel dealers because of its ongoing mega projects
The project was financed through a 14 million Euro grant from the German government.
Stima Village comprises 76 maisonettes of which 40 are 3-bedroom and 36 are 4-bedroom.
The World Bank has already confirmed the release of the funds for this project.
The 1,776 feet height commemorates the signing of the Declaration of Independence.
New laws will open up high-end estates west of Nairobi to commercial property developers.
House prices in Nairobi are defying a weak global economy and high lending rates.
The project is fully-funded by the Kenyan government to the tune of Sh10 billion.
The project, with lighting and a footbridge at the KWS gate, will conclude in 15 months.
Banks are cutting back lending to builders amid fears that they may default on their loans.
Charter cities operate under distinct legal systems tailored to foster investment.
Safety fears grow as unqualified builders replace qualified engineers.
NPDMS has done little to fix a process still riddled with inefficiencies and abuse.