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Home prices hit three-year low on credit squeeze, poll period

Housing prices in Kenya registered sluggish growth in the third quarter of this year as the real estate market reeled from a politically charged environment that kept away investors and the adverse effects of interest rate caps. This is according to data from the Kenya Bankers Association (KBA) released Friday which showed that growth in […]

Nairobi built shiny new business districts but not enough tenants have shown up Read more

Nairobi built shiny new business districts but not enough tenants have shown up

The Upper Hill neighborhood in Kenya’s capital Nairobi is set to transform into an upmarket, regional financial hub. Once a residential district, it is now the headquarters of banks, insurance companies, embassies, government ministries thanks to millions of dollars spent on redevelopment. It is also home to The Pinnacle: a 70-story, 300-meter (984 feet) twin […]